Autoliv is a Swedish-American company with headquarters in Stockholm, Sweden, that in 1997 sprung from the merger of the Swedish company Autoliv AB and Morton Automotive Safety Products, Inc., a division of the American firm Morton International.
Autoliv develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures Autoliv has 80 facilities with more than 43,000 employees in 29 countries. In addition, the company has ten development and engineering centers in nine countries around the world, including 20 test tracks, more than any other automotive safety supplier. The company's shares are listed on the New York Stock Exchange and its Swedish Depository Receipts on the OMX Stockholm Stock Exchange.
Autoliv, Inc. (Autoliv) is a holding company. Autoliv is the supplier of automotive safety systems, with a range of product offerings, including modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, safety electronics, whiplash protection systems and child seats, as well as night vision systems, radar and other active safety systems. Autoliv has two main operating segments: airbags/seatbelt (including restraint electronics) products and active safety electronics products. In March 2010, the Company acquired Visteon Corporation's radar system business. In April 2010, the Company acquired Delphi's Occupant Protection Systems (OPS) operations in Korea and China. In addition, in April 2010, Autoliv Inc.'s Automotive Holding AS increased its stake in Norma AS from 51% to 93.74%. Additionally, Skandinaviska Enskilda Banken AB and ING Luxembourg SA sold their 6.67% and 10% stake, respectively, held in Norma AS. In October 2010, the Company acquired 51% interest in Bejing Delpi Automotive Safety Products.
Autoliv has approximately 80 wholly or partially owned or leased production facilities located in 28 countries, consisting of both component factories and assembly factories. The Company’s component factories manufacture inflators, initiators, textile cushions, webbing materials, electronics, pressed steel parts, springs and overmoulded steel parts used in seatbelt and airbag assembly, seat subsystems, steering wheels and its active safety and night vision systems, and its other safety electronic systems. During the year ended December 31, 2010, Autoliv’s revenues were approximately 67% of airbags and associated products and approximately 33% of seatbelts and associated products. The Company’s markets are in Europe, North America, Asia-Pacific and Japan. Its customers include the car manufacturers.
During 2010, the products manufactured by Autoliv’s consolidated subsidiaries consisted of approximately 121 million complete seatbelt systems (of which approximately 49 million were fitted with pretensioners), approximately 57 million side-impact airbags (including curtain airbags), approximately 28 million frontal airbag modules, approximately 12 million steering wheels, approximately 11 million electronic units (airbag control), approximately 0.4 million active safety systems and 0.1 million night vision systems. Autoliv owns two principal subsidiaries, AAB and Autoliv ASP, Inc. (ASP). Its AAB and ASP are developers, manufacturers and suppliers to the automotive industry of automotive safety systems. AAB and ASP’s products include seatbelts, frontal and side-impact airbags, steering wheels and seat sub-systems, as well as components for such systems.
Autoliv's revenues were $4.1 billion in 2000 with net income of $170 million. The company began shrinking its workforce in the United States and Europe as it shifted production to lower-cost areas. An air bag cushion plant in Utah, where the company employed 5,000 people, was relocated to Mexico in 2001. After losing 10 percent of its Utah workforce, Autoliv was still the state's largest manufacturer, according to the Salt Lake Tribune. The OEA plant in Colorado closed in 2003. Autoliv also began to reduce the number of countries in which it had operations, more than 30 at the time.
Visteon Corporation, a spinoff of Ford Motor Company, sold Autoliv its Restraint Electronics air bag sensor business for $25 million in 2002. The unit employed 1,000 workers in Ontario and 200 engineers in Michigan. The next year, Autoliv acquired Nippon Steering Industries and the remainder of shares in European air bag inflator supplier Livbag.
Autoliv's Utah operations received a boost when a group of ten automakers committed to install head-curtain air bags in half of their models by the model year 2008. These air bags, designed to reduce head injuries in side-impact collisions, were already available as an option; Autoliv sold less than ten million units in 2001.
Revenues were $5.3 billion (SEK 38.1 billion) in 2003. Analysts were impressed that the company managed 19 percent revenue growth even as U.S. vehicle production fell 2 percent. Air bags and related products accounted for nearly 70 percent of sales, with seatbelts and associated items making up the remainder.
Autoliv ASP announced an expansion of its Whitley County, Indiana facilities in July 2004. The project was expected to more than triple employment there, adding 678 jobs by 2009. The new capacity was earmarked for producing inflatable curtains, or side-impact air bags.
Night vision had been one project in development since 2000. It was expected to hit the market in 2006. The company also was working on an automatic accident notification system, as well as air bag systems for the hood and windscreen areas of cars to protect pedestrians in the event of an accident.
Principal Subsidiaries: Autoliv AB; Autoliv ASP, Inc.
Principal Competitors: Delphi Corporation; Honeywell International; Key Safety Systems, Inc.; Takata Corporation; TRW Automotive Holdings Corporation.
OVERALL
Beta: 1.94
Market Cap (Mil.): $10,706.75
Shares Outstanding (Mil.): 133.39
Annual Dividend: 1.72
Yield (%): 2.15
FINANCIALS
ALV Industry Sector
P/E (TTM): 11.56 11.50 8.93
EPS (TTM): 208.98 -- --
ROI: 17.28 2.58 0.90
ROE: 23.08 3.08 1.56
Statistics:
Public Company
Incorporated: 1996
Employees: 38,900
Sales: SEK 38.14 billion ($5.3 billion) (2003)
Stock Exchanges: New York Chicago Stockholm
Ticker Symbol: ALV
NAIC: 334519 Other Measuring and Controlling Device Manufacturing; 336399 All Other Motor Vehicle Parts Manufacturing; 421120 Motor Vehicle Supplies and New Parts Wholesalers
Key Dates:
1956: Autoliv AB introduces an automotive seatbelt.
1968: ASP pioneers air bag technology.
1974: Gränges Weda AB acquires Autoliv AB.
1980: Electrolux acquires Gränges.
1984: Gränges Weda is renamed Electrolux Autoliv.
1994: The company goes public as Autoliv AB; Electrolux sells shares.
1997: Autoliv AB merges with Morton ASP to form Autoliv, Inc.
2000: NSK's seatbelt business is acquired.
2002: Ford spinoff Visteon Restraint Electronics is acquired.
2003: Nippon Steering Industries is acquired.
Name Age Since Current Position
Westerberg, Lars 63 2007 Independent Chairman of the Board
Carlson, Jan 51 2007 President, Chief Executive Officer, Director
Wallin, Mats 46 2009 Chief Financial Officer, Vice President
Sjobring, Lars 43 2007 Vice President - Legal Affairs, General Counsel, Secretary
Adamson, Mats 52 2010 Vice President - Human Resources
Odman, Mats 61 1997 Vice President - Corporate Communications
Mogefors, Svante 56 2009 Vice President - Quality and Manufacturing
Fredin, Steven 49 2006 Vice President - Engineering
Olsson, Jan 57 2005 Vice President - Research
Stewart, S. Jay 73 2007 Lead Independent Director
Kunerth, Walter 71 1998 Independent Director
Ringler, James 65 2002 Independent Director
Carlsson, Sune 70 2003 Independent Director
Lorch, George 70 2003 Independent Director
Nyberg, Lars 60 2004 Independent Director
Alspaugh, Robert 64 2006 Independent Director
Sakamoto, Kazuhiko 65 2007 Independent Director
Ziebart, Wolfgang 61 2008 Independent Director
Address:
World Trade Center
Klarabergsviadukten 70
Section E, Box 70381
Stockholm
Sweden
Autoliv develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures Autoliv has 80 facilities with more than 43,000 employees in 29 countries. In addition, the company has ten development and engineering centers in nine countries around the world, including 20 test tracks, more than any other automotive safety supplier. The company's shares are listed on the New York Stock Exchange and its Swedish Depository Receipts on the OMX Stockholm Stock Exchange.
Autoliv, Inc. (Autoliv) is a holding company. Autoliv is the supplier of automotive safety systems, with a range of product offerings, including modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, safety electronics, whiplash protection systems and child seats, as well as night vision systems, radar and other active safety systems. Autoliv has two main operating segments: airbags/seatbelt (including restraint electronics) products and active safety electronics products. In March 2010, the Company acquired Visteon Corporation's radar system business. In April 2010, the Company acquired Delphi's Occupant Protection Systems (OPS) operations in Korea and China. In addition, in April 2010, Autoliv Inc.'s Automotive Holding AS increased its stake in Norma AS from 51% to 93.74%. Additionally, Skandinaviska Enskilda Banken AB and ING Luxembourg SA sold their 6.67% and 10% stake, respectively, held in Norma AS. In October 2010, the Company acquired 51% interest in Bejing Delpi Automotive Safety Products.
Autoliv has approximately 80 wholly or partially owned or leased production facilities located in 28 countries, consisting of both component factories and assembly factories. The Company’s component factories manufacture inflators, initiators, textile cushions, webbing materials, electronics, pressed steel parts, springs and overmoulded steel parts used in seatbelt and airbag assembly, seat subsystems, steering wheels and its active safety and night vision systems, and its other safety electronic systems. During the year ended December 31, 2010, Autoliv’s revenues were approximately 67% of airbags and associated products and approximately 33% of seatbelts and associated products. The Company’s markets are in Europe, North America, Asia-Pacific and Japan. Its customers include the car manufacturers.
During 2010, the products manufactured by Autoliv’s consolidated subsidiaries consisted of approximately 121 million complete seatbelt systems (of which approximately 49 million were fitted with pretensioners), approximately 57 million side-impact airbags (including curtain airbags), approximately 28 million frontal airbag modules, approximately 12 million steering wheels, approximately 11 million electronic units (airbag control), approximately 0.4 million active safety systems and 0.1 million night vision systems. Autoliv owns two principal subsidiaries, AAB and Autoliv ASP, Inc. (ASP). Its AAB and ASP are developers, manufacturers and suppliers to the automotive industry of automotive safety systems. AAB and ASP’s products include seatbelts, frontal and side-impact airbags, steering wheels and seat sub-systems, as well as components for such systems.
Autoliv's revenues were $4.1 billion in 2000 with net income of $170 million. The company began shrinking its workforce in the United States and Europe as it shifted production to lower-cost areas. An air bag cushion plant in Utah, where the company employed 5,000 people, was relocated to Mexico in 2001. After losing 10 percent of its Utah workforce, Autoliv was still the state's largest manufacturer, according to the Salt Lake Tribune. The OEA plant in Colorado closed in 2003. Autoliv also began to reduce the number of countries in which it had operations, more than 30 at the time.
Visteon Corporation, a spinoff of Ford Motor Company, sold Autoliv its Restraint Electronics air bag sensor business for $25 million in 2002. The unit employed 1,000 workers in Ontario and 200 engineers in Michigan. The next year, Autoliv acquired Nippon Steering Industries and the remainder of shares in European air bag inflator supplier Livbag.
Autoliv's Utah operations received a boost when a group of ten automakers committed to install head-curtain air bags in half of their models by the model year 2008. These air bags, designed to reduce head injuries in side-impact collisions, were already available as an option; Autoliv sold less than ten million units in 2001.
Revenues were $5.3 billion (SEK 38.1 billion) in 2003. Analysts were impressed that the company managed 19 percent revenue growth even as U.S. vehicle production fell 2 percent. Air bags and related products accounted for nearly 70 percent of sales, with seatbelts and associated items making up the remainder.
Autoliv ASP announced an expansion of its Whitley County, Indiana facilities in July 2004. The project was expected to more than triple employment there, adding 678 jobs by 2009. The new capacity was earmarked for producing inflatable curtains, or side-impact air bags.
Night vision had been one project in development since 2000. It was expected to hit the market in 2006. The company also was working on an automatic accident notification system, as well as air bag systems for the hood and windscreen areas of cars to protect pedestrians in the event of an accident.
Principal Subsidiaries: Autoliv AB; Autoliv ASP, Inc.
Principal Competitors: Delphi Corporation; Honeywell International; Key Safety Systems, Inc.; Takata Corporation; TRW Automotive Holdings Corporation.
OVERALL
Beta: 1.94
Market Cap (Mil.): $10,706.75
Shares Outstanding (Mil.): 133.39
Annual Dividend: 1.72
Yield (%): 2.15
FINANCIALS
ALV Industry Sector
P/E (TTM): 11.56 11.50 8.93
EPS (TTM): 208.98 -- --
ROI: 17.28 2.58 0.90
ROE: 23.08 3.08 1.56
Statistics:
Public Company
Incorporated: 1996
Employees: 38,900
Sales: SEK 38.14 billion ($5.3 billion) (2003)
Stock Exchanges: New York Chicago Stockholm
Ticker Symbol: ALV
NAIC: 334519 Other Measuring and Controlling Device Manufacturing; 336399 All Other Motor Vehicle Parts Manufacturing; 421120 Motor Vehicle Supplies and New Parts Wholesalers
Key Dates:
1956: Autoliv AB introduces an automotive seatbelt.
1968: ASP pioneers air bag technology.
1974: Gränges Weda AB acquires Autoliv AB.
1980: Electrolux acquires Gränges.
1984: Gränges Weda is renamed Electrolux Autoliv.
1994: The company goes public as Autoliv AB; Electrolux sells shares.
1997: Autoliv AB merges with Morton ASP to form Autoliv, Inc.
2000: NSK's seatbelt business is acquired.
2002: Ford spinoff Visteon Restraint Electronics is acquired.
2003: Nippon Steering Industries is acquired.
Name Age Since Current Position
Westerberg, Lars 63 2007 Independent Chairman of the Board
Carlson, Jan 51 2007 President, Chief Executive Officer, Director
Wallin, Mats 46 2009 Chief Financial Officer, Vice President
Sjobring, Lars 43 2007 Vice President - Legal Affairs, General Counsel, Secretary
Adamson, Mats 52 2010 Vice President - Human Resources
Odman, Mats 61 1997 Vice President - Corporate Communications
Mogefors, Svante 56 2009 Vice President - Quality and Manufacturing
Fredin, Steven 49 2006 Vice President - Engineering
Olsson, Jan 57 2005 Vice President - Research
Stewart, S. Jay 73 2007 Lead Independent Director
Kunerth, Walter 71 1998 Independent Director
Ringler, James 65 2002 Independent Director
Carlsson, Sune 70 2003 Independent Director
Lorch, George 70 2003 Independent Director
Nyberg, Lars 60 2004 Independent Director
Alspaugh, Robert 64 2006 Independent Director
Sakamoto, Kazuhiko 65 2007 Independent Director
Ziebart, Wolfgang 61 2008 Independent Director
Address:
World Trade Center
Klarabergsviadukten 70
Section E, Box 70381
Stockholm
Sweden