Autoliv Inc. is a Swedish-American
automotive safety
Automotive safety is the study and practice of design, construction, equipment and regulation to minimize the occurrence and consequences of traffic collisions involving motor vehicles. Road traffic safety more broadly includes roadway design ...
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
revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business.
Commercial revenue may also be referred to as sales or as turnover. Some companies receive reven ...
s exceeding USD 8 billion, and is part of the
Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...
, ranking #289 in 2018.
Autoliv Inc. is incorporated in
Delaware
Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Del ...
, USA and headquartered in Stockholm, Sweden. The company's shares are listed on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...
and its Swedish Depository Receipts on th
Nasdaq Stockholm
History
Autoliv was founded in
Vårgårda Vårgårda is a Urban areas in Sweden, locality and the seat of Vårgårda Municipality, Västra Götaland County, Sweden with 5 825 inhabitants in 2020.
Gallery
Marknadsplatsen i Vårgårda, den 16 juni 2006, bild 3.JPG, Fåglum brothers in Và ...
, Sweden in the form of Auto Service AB in 1953 by Lennart Lindblad. In 1956, the company became a pioneer in
seat belt
A seat belt (also known as a safety belt, or spelled seatbelt) is a vehicle safety device designed to secure the driver or a passenger of a vehicle against harmful movement that may result during a collision or a sudden stop. A seat belt reduc ...
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
Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange ( sv, Stockholmsbörsen), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As o ...
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.
In November 2019, Autoliv selected Fredrik Westin as Chief Financial Officer and Executive Vice President, succeeding Interim CFO Christian Hanke.
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
*
List of Swedish companies
Sweden is a Scandinavian country in Northern Europe and the third-largest country in the European Union by area. It is also a member of the United Nations, the Nordic Council, Council of Europe, the World Trade Organization and the Organisation f ...
*
Veoneer
Veoneer is an American Swedish provider of automotive technology based in Stockholm, Sweden. It is incorporated in Delaware. The company is the result of a spin-off in 2018 of Autoliv's electronics and automated driving divisions. In 2019, Veo ...
References
External links
*
*
{{Authority control
Companies listed on the New York Stock Exchange
Electronics companies of Sweden
Multinational companies headquartered in Sweden
Swedish companies established in 1997
Technology companies established in 1997
Manufacturing companies established in 1997
Manufacturing companies based in Stockholm