STOCKHOLM -- (Business Wire)
Regulatory News:
The Board of Directors of the worldwide leader in automotive safety
systems, Autoliv Inc. (STO:ALIVSDB)(NYSE:ALV), today declared a
quarterly dividend of 47 cents per share for the third quarter 2012.
The dividend will be payable on Thursday, September 6, 2012 to Autoliv
shareholders of record on the close of business on Wednesday, August 22.
The ex-date when the shares will trade without the right to the dividend
will be Monday, August 20.
Shareholders Meeting
At the Company’s Annual General Meeting (AGM) of Stockholders in
Chicago, held today, May 8, sufficient votes in favor were received to
approve the following proposals:
- The re-election of Dr. Xiaozhi Liu, Mr. George A. Lorch, Mr. Kazuhiko
Sakamoto and Dr. Wolfgang Ziebart as directors of the Board for a
regular three-year term ending at the Annual General Meeting in 2015,
with each of them receiving a majority of the votes cast on his or her
election;
- The non-binding resolution to approve the Company’s 2011 executive
compensation;
- The proposed amendments to the 1997 Stock Incentive Plan;
- The ratification of the appointment of Ernst & Young AB as Autoliv’s
independent auditing firm for the fiscal year ending December 31, 2012.
About Autoliv
Autoliv Inc., the worldwide leader in automotive safety systems,
develops and manufactures automotive safety systems for all major
automotive manufacturers in the world. Together with its joint ventures,
Autoliv has more than 80 facilities with nearly 50,000 employees in 29
countries. In addition, the Company has ten technical centers in nine
countries around the world, with 21 test tracks, more than any other
automotive safety supplier. Sales in 2011 grew by 15% to US $8.2
billion. The Company's shares are listed on the New York Stock Exchange
(NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic
Exchange in Stockholm (ALIV sdb). For more information about Autoliv,
please visit our company website at www.autoliv.com.
Safe Harbor
This report contains statements that are not historical facts but rather
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 (PSLRA). All such statements are based
upon our current expectations, various assumptions, and data available
from third parties and apply only as of the date of this report. Our
expectations and assumptions are expressed in good faith and we believe
there is a reasonable basis for them. However, there can be no assurance
that such forward-looking statements will materialize or prove to be
correct as these assumptions are inherently subject to risks and
uncertainties and contingencies which are difficult or impossible to
predict and are beyond our control, such as, without limitation, changes
in and the successful execution of our restructuring and cost reduction
initiatives discussed herein and the market reaction thereto, changes in
general industry and market conditions, increased competition, higher
raw material, fuel and energy costs, changes in consumer and customer
preferences for end products, customer losses, customer bankruptcies,
consolidations or restructuring, divestiture of customer brands,
fluctuation in currencies or interest rates, fluctuation in vehicle
production schedules for which the Company is a supplier, component
shortages, market acceptance of our new products, costs or difficulties
related to the integration of any new or acquired businesses and
technologies, continued uncertainty in program awards and performance,
the financial results of companies in which Autoliv has made technology
investments or joint venture arrangements, pricing negotiations with
customers, our ability to be awarded new business, increased costs,
supply issues, product liability, warranty and recall claims and other
litigation and customer reactions thereto, possible adverse results of
pending or future litigation or infringement claims, negative impacts of
governmental investigations and litigation relating to the conduct of
our business, tax assessments by governmental authorities, dependence on
key personnel, legislative or regulatory changes, political conditions,
dependence on customers and suppliers, as well the risks identified in
Item 1A “Risk Factors” in our Annual Report and Quarterly Report on
Forms 10-K and 10-Q and any amendments thereto. Except for the Company’s
ongoing obligation to disclose information under the U.S. federal
securities laws, the Company undertakes no obligation to update publicly
or revise any forward-looking statements whether as a result of new
information or future events. For any forward-looking statements
contained in this or any other document, we claim the protection of the
safe harbor for forward-looking statements contained in the PSLR and we
assume no obligation to update any such statements.
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Contacts:
Autoliv Inc.
Jan Carlson, President and CEO,
Tel +46-8-587 20
600
Source: Autoliv
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