SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
June 12, 1997
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AUTOLIV, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
001-12933 (51-037854)
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(Commission File Number) (IRS Employer Identification No.)
World Trade Center
Klarabergsviadukten 70
S-107 24 Stockholm
Sweden
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(Address of principal executive offices)
46 (8) 402 0600
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Registrant's Telephone Number, Including Area Code
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
On June 12, 1997, Autoliv, Inc. (the "Company") issued a
press release, which is attached hereto as Exhibit 99.1 and is
hereby incorporated by reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits.
99.1. Press release, dated June 12, 1997, issued by the
Company.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
Date: June 13, 1997 AUTOLIV, INC.
By: /s/ Joergen Svensson
Joergen Svensson
Vice President - Legal
Affairs, General Counsel
and Secretary
EXHIBIT INDEX
Exhibit
Number Description
99.1. Press release, dated June 12, 1997, issued by the
Company.
EXHIBIT 99.1
[AUTOLIV, INC. LETTERHEAD]
PRESS RELEASE
AUTOLIV AND CELSIUS IN COLLABORATION ON CRASH RADAR
(Stockholm, June 12, 1997) -- Autoliv Inc., a world leading
automotive safety company, and Celsius, a Swedish high-tech
industrial group, have entered into a collaboration agreement for
developing and producing on a 50/50 basis an advanced automotive
safety radar system. Autoliv already cooperates with Bofors LIAB
in the Celsius group in the area of side-impact airbags.
Under the new agreement between Autoliv and Celsius, the companies
will further develop the technology already initiated by
CelsiusTech for military radar systems for seeking targets in the
form of missiles and aircraft. The same technology will now be
used for cars to determine the speed and position of vehicles
ahead.
The automotive radar will be connected to the car's cruise
control. This will make the system automatic, thus offering a
safer ride and easier driving. The radar could also be used as
pre-crash warning system for the vehicle's airbags, seat belt
pretensioners and other safety systems, which will make it
possible to take the angle and the force of the impact into
account, when the safety systems are activated, thereby reducing
the risk of personal injury.
- Celsius' automotive radar has already received a lot of
attention among experts, winning high acclaim for technical
function and performance. The collaboration will mean a lot to
the future development of the project, said Autoliv's Chairman and
CEO Gunnar Bark and Celsius' CEO Lars G. Josefsson.
Autoliv Inc. manufactures airbags for driver, passenger and side-
impact applications, inflatable knee bolsters, seat belts and seat
belt pretensioners, steering wheels, seat components, child seats
and electronics for virtually all major automotive manufacturers
in the world. Autoliv Inc. has more than 50 wholly-owned
subsidiaries or joint ventures with 15,000 employees in 25
vehicle-producing countries worldwide. In addition, the Company
has more research and development centers in the world, including
14 test tracks, than any other automotive safety supplier. The
company's shares are listed on the New York Stock Exchange (NYSE:
ALV), its Swedish depository receipts on the Stockholm Stock
Exchange (SSE: ALIV) and its stock option on the Chicago Board of
Option Exchange (CBOE: ALV).
Publicly traded Celsius (SSE: CELS) is one of Sweden's leading
high technology corporate groups in defense industry and related
civilian areas. The Celsius Group includes operation companies
Bofors, Kockums, CelsiusTech, FFV Aerotech and Celsius Invest.
Defense industry currently accounts for 70 percent of sales. The
number of employees is about 11,000.
FOR ILLUSTRATIONS:
http://www.celsiustech.se/produkt/CTEprod/bilradar.tml and
http://www.celsius.se (headline: nyheter).
FOR TECHNICAL INFORMATION: Pentti Koehli, Vice President,
Technology, Celsius, Tel. +46 (8) 463 0006
FURTHER INFORMATION:
- Mats Oedman, Director Investor Relations, Autoliv Inc., Tel. +46
(8) 402 0623, mob. +46 (70) 832 0933
- Kjell Goethe, Vice President, Group Communications, Celsius AB,
Tel. +46 (8) 463 0019, mob. +46 (70) 583 9544
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Autoliv AB Autoliv ASP, Inc.
Klarabergsviadukten 70, Sec. C 3350 Airport Road
P.O. Box 703 81, SE-107 24 Stockholm, Sweden Ogden, UT 84405, USA
Tel +46 (8) 402-0600 Tel +1 (801) 629-9800
Fax +46 (8) 24 44 79 Fax +1 (801) 625-4911
