AUTOLIV INC
4, 1998-01-09
MOTOR VEHICLE PARTS & ACCESSORIES
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 FORM 4

 (  )  Check this box if no longer
        subject to Section 16.  Form 4
        or Form 5 obligations may continue.
        See Instruction 1(b).

        U.S. SECURITIES AND EXCHANGE COMMISSION       _____________________
                WASHINGTON, D.C.  20549              |   OMB APPROVAL      |
      STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP   |_____________________|
                                                     |OMB NUMBER: 3235-0287|
                                                     |EXPIRES:             |
                                                     | SEPTEMBER 30, 1998  |
      Filed pursuant to Section 16(a) of the         |ESTIMATED AVERAGE    |
        Securities Exchange Act of 1934,             |BURDEN HOURS         |
       Section 17(a) of the Public Utility           |PER RESPONSE 0.5     |
         Holding Company Act of 1935                 |_____________________|
      or Section 30(f) of the Investment
             Company Act of 1940

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1. Name and Address of Reporting Person
      Aronson, Per-Olof
      c/o Autoliv, Inc.
      World Trade Centre
      Klarabergsviadukten 70
      s-107 24 Stockholm
      Sweden
- ----------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
      Autoliv, Inc. (ALV)
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3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)

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4. Statement for Month/Year
      December 1997
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5. If Amendment, Date of Original (Month/Year)

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6. Relationship of reporting person to Issuer (Check all applicable)
 ( x ) DIRECTOR
 (   ) 10% OWNER
 (   ) OFFICER (GIVE TITLE BELOW)
 (   ) OTHER (SPECIFY TITLE BELOW)

  -----------------------------------------------------
- ----------------------------------------------------------------------------
7. Individual, or Joint/Group Filing (Check all applicable)
 ( X ) Form filed by One Reporting Person
 (   ) Form filed by More than One Reporting Person

===========================================================================
TABLE I
Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ----------------------------------------------------------------------------
1. Title of Security (Instr. 3)
      Autoliv, Inc. Common Stock par value USD1.00 per share
- ----------------------------------------------------------------------------
2. Transaction Date (Month/Day/Year)
      December 9, 1997
- ----------------------------------------------------------------------------
3. Transaction Code (Instr. 8)
      A
- ----------------------------------------------------------------------------
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
      260 (A)*
- ----------------------------------------------------------------------------
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
      4,260
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6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
      D
- ----------------------------------------------------------------------------
7. Nature of Indirect Beneficial Ownership (Instr. 4)

- ----------------------------------------------------------------------------
Reminder:  Report on a separate line for each class of securities
           beneficially owned directly or indirectly.

============================================================================
TABLE II

Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., Puts, Calls, Warrants, Options, Convertible securities)
- ----------------------------------------------------------------------------
1. Title of Derivative Security (Instr. 3)

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2. Conversion or Exercise Price of Derivative Security

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3. Transaction Date (Month/Day/Year)

- ----------------------------------------------------------------------------
4. Transaction Code (Instr. 8)

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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
        (Instr. 3, 4, and 5)

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6. Date Exercisable and Expiration Date (Month/Day/Year)

- ----------------------------------------------------------------------------
7. Title and Amount of Underlying Securities (Instr. 3 and 4)

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8. Price of Derivative Securities (Instr. 5)

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9. Number of Derivative Securities Beneficially Owned at End of Month
        (Instr. 4)

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10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
        (Instr. 4)

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11. Nature of Indirect Beneficial Ownership (Instr. 4)

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EXPLANATION OF RESPONSES:

        /s/ Per-Olof Aronson                             January 8, 1998
     ----------------------------------                 -----------------
      **  SIGNATURE OF REPORTING PERSON                     DATE

- -----------------------------
 *     Received as compensation for serving as Director of Autoliv, Inc.
 **    INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
       CRIMINAL VIOLATIONS.  SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).





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