Autoliv, Inc.
TypePublic company
ISIN
IndustryAutomotive safety
Founded1997 (1997)
HeadquartersKlarabergsviadukten 70, Stockholm, Sweden
Area served
Worldwide
Key people
Jan Carlson (Chairman), Mikael Bratt (President and CEO)
ProductsSeatbelts, Airbags, Steering Wheels, Pedestrian Protection Systems, Mobility Safety Solutions
RevenueDecrease US$7.45 billion (2020)[1]
Decrease US$382 million (2020)[2]
Decrease US$187 million (2020)[3]
Number of employees
68,000 (worldwide)
Websitewww.autoliv.com

Autoliv, Inc. is a US-domiciled, Swedish-headquartered[4] automotive safety supplier with sales to all leading car manufacturers worldwide. Together with its joint ventures, Autoliv has over 68,000 employees in 27 countries, of whom 5700 are involved in research, development and engineering. In addition, the company has 14 technical centers around the world, including 20 test tracks, more than any other automotive safety supplier.

The group is among the largest Tier 1 automotive suppliers in the world, with annual revenues exceeding US$8 billion, and is part of the Fortune 500, ranking #289 in 2018.[5]

Autoliv is headquartered in Stockholm, Sweden. In the United States, Autoliv, Inc. is incorporated in Delaware, USA. The company's shares are listed on the New York Stock Exchange and its Swedish Depository Receipts on the Nasdaq Stockholm.[6][7]

History

Autoliv was founded in Vårgårda, Sweden in the form of Auto Service AB in 1953 by Lennart Lindblad. In 1956, the company became a pioneer in seat belt technology when it began production of two-point seat belts. The name of the company was changed to Autoliv AB in 1968. It was bought in 1974 by Granges Weda AB, inventors of the retractable seat belt. Granges Weda was acquired in turn in 1989 by Electrolux and changed its name to Electrolux Autoliv AB. During the 1980s and 1990s, the company grew through acquisitions, mainly in Europe. Between 1994 and 1997 the company was listed on the Stockholm Stock Exchange under the name of Autoliv AB and in 1997 it merged with the American firm Morton ASP Inc to form Autoliv Inc. In June 2018, the company spun off its Electronics business into a separate company Veoneer Inc.[8]

In November 2019, Autoliv selected Fredrik Westin as Chief Financial Officer and Executive Vice President, succeeding Interim CFO Christian Hanke.[9]

Products

The company develops, manufactures and markets safety systems (estimated market share of approximately 42% in 2020) such as airbags, seatbelts, steering wheels, and passive safety electronics. It also produces pedestrian protection systems.

See also

References

  1. ↑ "Investors".
  2. ↑ "Investors".
  3. ↑ "Investors".
  4. ↑ "Autoliv | 2021 Fortune 500".
  5. ↑ "Autoliv". Fortune. Archived from the original on 2019-05-05. Retrieved 2018-11-27.
  6. ↑ "Autoliv, Inc. Common Stock (ALV)". NASDAQ.com. Retrieved 2017-10-31.
  7. ↑ "ALIV SDB, Autoliv SDB, (SE0000382335)". Nasdaq. 2019-03-28. Archived from the original on 2024-01-14. Retrieved 2024-01-14.
  8. ↑ "Veoneer spin-off". Archived from the original on 2021-12-23. Retrieved 2019-02-20.
  9. ↑ "Autoliv announces appointment of new CFO | Automotive World". www.automotiveworld.com. 26 November 2019. Retrieved 2020-04-17.
  • Official website
  • Business data for Autoliv:
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.