Autoliv and Adient Agree to Collaborate on Safety, Comfort and Convenience for Seats of the Future

STOCKHOLM, Sept 12, 2017 /PRNewswire/ --Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, and Adient (NYSE: ADNT), the world's leading automotive seating supplier, are collaborating to address vehicle seating challenges presented by designs for the future car and the incorporation of autonomous driving.

The interior of automated driving vehicles will play an important role, as drivers and passengers will spend more time on non-driving activities. Once vehicles have the capability to be computer-driven, passengers will demand far more flexibility from a vehicle's interior space than ever before, resulting in alternative seating positions to relax, work and socialize. At the same time, completely new safety and comfort challenges arise with these great opportunities of future mobility. By looking beyond traditional forward-facing seats, Autoliv and Adient feel strongly this development agreement will create optimal integrated products and solutions to address these challenges.

Even in automated vehicles, seatbelts, pretentioners and buckles remain the primary restraint if an accident were to occur. The cooperation between Autoliv and Adient will initially be focused on optimal integration of Autoliv's safety components into the non-traditional seating arrangements of the future car and on enhancing existing seat-mounted airbag systems and new far-side systems for Euro NCAP. Customer target offering for these solutions will be the second half of 2018.

Future plans include the co-development of highly integrated solutions for enhanced safety, comfort and convenience for future mobility. Both companies are also interested in investigating the potential value in expanding to non-automotive applications if necessary to keep people safe however and wherever they travel or commute.

"Our purpose is to provide the latest technology and the highest quality to save more lives," said Mikael Bratt, President, Autoliv Passive Safety. "Utilizing our global engineering resources to reinforce occupant safety remains our top priority, and working with Adient provides the ultimate package upgrade to give consumers confidence and added assurance that their vehicle is equipped with advanced interior protection."

"This is a tremendously exciting time for the automotive industry, with mobility on the cusp of a fundamental disruption. With our world-class technologies and capabilities, we are more than ready to provide the next generation of advanced vehicle seating systems," said R. Bruce McDonald, Adient Chairman and Chief Executive Officer. "Working with Autoliv means combining the strengths of two leading companies to improve safety, comfort and convenience in the interior of future autonomous vehicles.

"As vehicular travel becomes increasingly electronics-based, more social and highly collaborative, attention could be diverted from key aspects of the driving experience, namely seating position and the seat itself. The seat of the future is one that will be re-imagined, given the added time people will spend on the road due to developed efficiencies seating construction, materials and transportation technology.

Inquiries:
Thomas Jönsson
Vice President Corporate Communications
Tel: +46-8-587-206-27

About Autoliv

Autoliv, Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has more than 80 facilities and 70,000 employees in 27 countries. In addition, the Company has 22 technical centers in ten countries around the world, with 19 test tracks, more than any other automotive safety supplier. Sales in 2016 amounted to about US $10.1 billion. The Company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the Nasdaq Stockholm (ALIV sdb). For more information about Autoliv, please visit our company website at www.autoliv.com.

About Adient

Adient is a global leader in automotive seating. With 75,000 employees operating 230 manufacturing/assembly plants in 33 countries worldwide, we produce and deliver automotive seating for all vehicle classes and all major OEMs. From complete seating systems to individual components, our expertise spans every step of the automotive seat making process. Our integrated, in-house skills allow us to take our products from research and design all the way to engineering and manufacturing – and into more than 25 million vehicles every year. For more information, please visit adient.com.

Safe Harbor Statement

This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements, including statements regarding the ability of the parties to successfully collaborate, are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update any such statement, except as required by law.

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