Autoliv Confirms it is Taking Business Away from Takata

AutoInformed.com

Innovative Autolive 4-point safety belt system. The occupant slips an arm under a new vertical shoulder seat belt, then buckles a 3-point seatbelt as usual.

Swedish Autoliv, a global automotive safety supplier, says it now has agreements with “several different OEM’s for new supply capacity of up to 25 million airbag inflators for delivery during 2015 and 2016.” This of course is a direct fallout from the Takata airbag inflator recall.

Autoliv also says it is negotiating for the supply of millions of additional inflators. Autoliv is expanding its capacity and capabilities to meet this demand as rapidly as possible.

AutoInformed.com

Click to enlarge.

CEO, President and Chairman Mr. Jan Carlson says active safety revenues in 2014 ~$490 million, reaching the $0.5 billion target one year ahead of a business plan established in late 2011. Autoliv is now preparing for the next level of active safety and automated driving features in addition to its current focus of selling vision, night vision and radar products and systems.

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