Autoliv Honored with Hyundai-Kia Award.STOCKHOLM, Sweden -- Autoliv Inc. (NYSE NYSE See: New York Stock Exchange :ALV ALV Arvonlisävero (Finnish: value added tax) ALV Avian Leukosis Virus ALV Andorra La Vella (capital of Andorra) ALV Autonomous Land Vehicle ALV Asta La Vista ALV Alvin, Texas ALV Air Launched Vehicle )(STO:ALIV ALIV A Life in Vain (band) ), the worldwide leader in automotive safety systems, has received a Supplier of the Year Award during a ceremony at Hyundai Namyang R&D Center in Korea. Hyundai-Kia gave Autoliv the award for "excellence in management and demonstrated leadership in the industry" during 2006, resulting in products with higher quality and performance at lower cost The award was presented to Autoliv Korea by Mr. Jung-In Park, Deputy Chairman of Hyundai-Kia, on behalf of Mr. Mong-Koo Chung, Chairman of Hyundai-Kia. Autoliv was selected to receive the award from a pool of 316 Hyundai-Kia suppliers and was the only non-Korean supplier to receive the award. Hyundai-Kia is not only one of Autoliv's larger customers but also one of the fastest growing customers. Autoliv's global sales to Hyundai-Kia have more than doubled since 2001, exceeded $250 million in 2006 and are continuing to grow fast. Recently, Autoliv was awarded new business in terms of frontal airbags, side airbags, steering wheels and electronics for Kia's plant in Slovakia, the Korean vehicle manufacturer's newest plant. Autoliv's facilities in Korea, the U.S., China, Turkey and India deliver frontal airbags, side airbags, seatbelts, steering wheels and electronics to seven of Hyundai-Kia's plants globally. In addition, Autoliv's tech centers in Korea, China and Europe support Hyundai-Kia with its engineering expertise in automotive safety and with crash testing. The fastest growing product is the curtain airbag for side-impact and rollover A graphic element in an application or on a Web page that changes its color or shape when the pointer is moved (rolled) over it. See JavaScript rollover. See also n-key rollover. protection. Autoliv Inc. develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has 80 facilities with more than 40,000 associates in some 30 vehicle-producing countries. In addition, the company has technical centers in twelve countries around the world, including 20 test tracks, more than any other automotive safety supplier. Sales in 2006 amounted to US $6.2 billion. The Company's shares are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE: ALV) and its Swedish Depository Receipts on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. (SSE (1) An earlier full-screen editor in OS/2. (2) (Streaming SIMD Extensions) A series of additional instructions built into Pentium CPU chips for improved multimedia performance by performing mathematical operations on multiple sets of data at the : ALIV). This information was brought to you by Waymaker http://www.waymaker.net |
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