Autoliv Invests in Korea.Buys Remaining Shares in Joint Venture STOCKHOLM, Sweden -- Autoliv (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 STO Store (calculator function) STO Société de Transport de l'Outaouais (French) STO Strategic Technology Office (DARPA) STO Security Through Obscurity STO Service to Others :ALIV ALIV A Life in Vain (band) ), the worldwide leader in automotive safety systems, has agreed to buy the remaining 35% of the shares in Autoliv-Mando in South Korea. The investment is part of Autoliv's global support of the Korean automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. which is expected to double production to eight million passenger cars by 2010, with most of the growth outside Korea. The acquisition will enable Autoliv to fully integrate the Korean company into its global business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . Autoliv-Mando was founded in 2000 with Autoliv holding 65% of the shares. By 2006, sales had risen to exceed $230 million. This increase in sales has been mostly due to organic growth with minor help from the 2001 acquisition of Mando's airbag business and transfer of business from Autoliv companies in other countries. In 2007, the acquisition of the remaining shares is expected to increase Autoliv's amortization by $12 million and interest expense by approximately $3 million. However, these negative effects will be fully offset by a reduction in Autoliv's cost for minority interest in subsidiaries. As a result, the net effect of the acquisition is expected to be positive with an estimated increase in earnings per share of approximately 3 cents. The amortization will decrease gradually and cease after 2009. The acquisition, which is subject to governmental approval, is expected to close in January 2007. This information was brought to you by Waymaker http://www.waymaker.net 
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