Autoliv Teams with Andy Petree Racing for Daytona 500

AUBURN HILLS, MICH., FEB. 5, 2002 – Autoliv Inc.– the safety technology innovator and world's largest supplier of automotive safety systems – has signed with Andy Petree Racing Inc. as its primary sponsor for the Daytona 500 race this month.

Mike Wallace

Autoliv will sponsor the #33 car driven by Mike Wallace. "The opportunity to participate as a primary sponsor in one of the world's greatest sporting events is a big thrill for all of us at Autoliv,” said Chipp Jackson, communications manager for Autoliv North America. “It’s exciting to be teamed with Andy Petree Racing and driver Mike Wallace. Andy Petree Racing has impressed us with all aspects of its operation. This sponsorship is a natural extension of the safety technology awareness and testing services we have provided to a number of the race teams.”

The team’s owner, Andy Petree, echoed Jackson’s comments. “We’re looking forward to having a company like Autoliv support us at Daytona,” said Petree. “A corporation like Autoliv knows the business and industry. Autoliv provides numerous exciting safety innovations for passenger vehicles, and it’s great having an industry leader like that team up with us – even just for the one race.”

Autoliv Inc. develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has close to 80 facilities with almost 30,000 employees in more than 30 vehicle-producing countries. In addition, the company has eight technical centers around the world, including 19 test tracks, more than any other automotive safety supplier. Sales in 2001 amounted to US $3.99 billion. The company’s shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OM Stockholm Stock Exchange (SSE: ALIV).