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2016-04-01

Autoliv: Autoliv and Nissin Kogyo form Autoliv-Nissin Brake Systems

(Stockholm, Sweden, April 1, 2016) - - - Autoliv, Inc. (NYSE: ALV and
SSE: ALIVsdb), the worldwide leader in automotive safety systems, on
March 31, 2016 finalized its joint venture with Nissin Kogyo (TSE:
7230.T) to form Autoliv-Nissin Brake Systems (ANBS). The joint
venture is an important milestone in Autoliv's strategy to be the
leader in safety systems for the future car, well integrated with
autonomous driving.

ANBS combines the current brake control business of Autoliv with a
"carve-out" of Nissin Kogyo's automotive braking business. ANBS joins
Nissin Kogyo's world leading expertise and technology in brake
control and actuation systems with Autoliv's global reach and
customer base to create a global competitive offering competing in
the growing global brake control systems market. The joint venture
will also further strengthen Autoliv's role as a leading system
supplier for autonomous vehicles.

ANBS will be part of Autoliv's Electronics business segment
(consisting of passive safety electronics products, ADAS products and
brake control systems). Autoliv owns 51% of the joint venture and has
management and operational control. Autoliv will consolidate 100% of
ANBS in its financial statements. Nissin Kogyo's 49% share of the
joint venture's net income will be treated as a minority interest.

"Today is an important day for Autoliv. The formation of
Autoliv-Nissin Brake Systems will allow us to offer state of the art
brake control and actuation systems to auto manufacturers around the
world. It will further enhance our role as the leading safety system
supplier for the future car, well integrated with autonomous
driving," said Autoliv Chairman, President & CEO Jan Carlson.

Autoliv purchased 51% of the joint venture for JPY 29.7 billion
(approximately USD 264 million, using March 31stexchange rates),
including pre-closing adjustments and subject to customary
post-closing adjustments. ANBS sales and operating margin for the
nine month period April-December 2016 is expected to be slightly
lower than initially communicated, sales are now expected to be in
the range of USD 400-450 million for the same nine month period.

Beginning with the second quarter 2016 earnings release Autoliv plans
to disclose information about ANBS in line with the other units (ADAS
products and passive safety electronics products) in the Electronics
business segment.

Inquiries:

Thomas Jönsson, Group Vice President Communications. Tel +46 (0)8 58 72 06 27

About Autoliv

Autoliv, Inc., the worldwide leader in automotive safety systems,
develops and manufactures automotive safety systems for all major
automotive manufacturers in the world. Together with its joint
ventures, Autoliv has close to 80 facilities with more than 64,000
employees in 27 countries. In addition, the Company has 20 technical
centers in nine countries around the world, with 20 test tracks, more
than any other automotive safety supplier. Sales in 2015 amounted to
about US $9.2 billion. The Company's shares are listed on the New
York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts
on the OMX Nordic Exchange in Stockholm (ALIV sdb). For more
information about Autoliv, please visit our company website at
www.autoliv.com.

About Nissin Kogyo

Founded in 1953 with creating advanced value for the environment and
safety as its core themes, Nissin Kogyo is a global developer and
manufacturer of comprehensive brake systems to the OEM automotive and
motorcycle markets. Nissin Kogyo has more than 10,000 employees at 22
facilities in 10 countries around the world, with reported net sales
of 220.9 billion yen in the 2013 fiscal year. Nissin Kogyo's shares
are listed on the First Section of the Tokyo Stock Exchange (7230.T).
For more information about Nissin Kogyo, please visit the company
website at www.nissinkogyo.co.jp/en.

Safe Harbor Statement

This report contains statements that are not historical facts but
rather forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements include those that address activities, events or
developments that Autoliv, Inc. or its management believes or
anticipates may occur in the future. All forward-looking statements,
including the anticipated revenue of the joint venture, the
consolidation of the joint venture for accounting purposes, the
expansion of the joint venture's business and its anticipated product
offering and other estimates of future operating performance or
financial results, are based upon our current expectations, various
assumptions and data available from third parties. Our expectations
and assumptions are expressed in good faith and we believe there is a
reasonable basis for them. However, there can be no assurance that
such forward-looking statements will materialize or prove to be
correct as forward-looking statements are inherently subject to known
and unknown risks, uncertainties and other factors which may cause
actual future results, performance or achievements to differ
materially from the future results, performance or achievements
expressed in or implied by such forward-looking statements. Numerous
risks, uncertainties and other factors may cause actual results to
differ materially from those set out in the forward-looking
statements. The Company undertakes no obligation to update publicly
or revise any forward-looking statements in light of new information
or future events. For any forward-looking statements contained in
this or any other document, we claim the protection of the safe
harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995, and we assume no obligation
to update any such statement.

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http://news.cision.com/autoliv/r/autoliv-and-nissin-kogyo-form-autoliv-n...
http://mb.cision.com/Main/751/9946818/495219.pdf

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