Autoliv Inc.
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| Publicly traded corporation | |
| Traded as | Nasdaq Stockholm: ALIV SDB, : ALV |
| Industry | Automotive safety |
| Founded | 1997 |
| Headquarters | , Sweden, Auburn Hills, Michigan |
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Key people
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Jan Carlson (Chairman, President and CEO) |
| Products | Radar Sensors, Stereo Vision Cameras, Night Vision Cameras, Seatbelts, Airbags, Steering Wheels, Safety Electronics, Active Safety Products |
| Revenue | US $9.17 billion (2015) |
| US $727 million (2015) | |
| Profit | US $457 million (2015) |
| Total assets | US $7.526 billion (end 2015) |
| Total equity | US $3.456 billion (end 2015) |
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Number of employees
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59,023 (Q3 2014) |
| Website | www.autoliv.com |
Autoliv is a Swedish–American company with headquarters in and Auburn Hills, Michigan 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 over 80 facilities in 29 countries with 60,000 employees of whom 4400 are involved in research and development. In addition, the company has 18 development and engineering centers in 9 countries around the world, including 20 test tracks, more than any other automotive safety supplier. The group is one of the world's largest in terms of vehicle safety with annual revenues of USD 10 billion and is part of the Fortune 500. The company's shares are listed on the and its Swedish Depository Receipts on the OMX .
Autoliv was founded in Vårgårda, Sweden in the form of Auto Service AB in 1953 by brothers Stig Lindblad and 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. Established on April 1, 2016, Autoliv and Nissin announced the creation of a joint new company Autoliv Nissin Brake Systems.
Autoliv is the world's largest airbag manufacturer with 41% of the global market share in 2015. Aside from airbags, Autoliv develops and manufactures numerous systems in both the passive safety sector and the active safety sector for the automotive industry worldwide. Passive safety systems are primarily meant to improve vehicle safety. Such systems offered by Autoliv include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seat belts, steering wheels, passive safety electronics, whiplash protection systems and child seats. Active safety systems are designed to make driving safer and more comfortable. Their objective is to intervene before an imminent accident in order to avoid it completely or reduce its impact. Active safety products in Autoliv's portfolio include automotive radars, night driving assist, camera-based vision systems, brake controls and other active safety systems. Autoliv's radar sensors were notably used by Uber in their self-driving taxi pilot project in Pittsburgh, Pennsylvania.
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Wikipedia