Autoliv Sells OEA Aerospace

11/30/2000 3:15 AM EST

(Stockholm, November 30, 2000) - - Autoliv Inc. (NYSE: ALV) - the
worldwide leader in automotive safety systems - announced today that it
has agreed to sell substantially all of the assets of OEA Aerospace, Inc.,
to BFGoodrich - a global supplier of aerospace components, systems and
services. The companies expect to complete the cash transaction by year
end or early January 2001, pending completion of government reviews.

OEA Aerospace, Inc. produces propellant-actuated devices for aerospace and
military applications. Located in Fairfield, California, USA, OEA
Aerospace employs 250 people and has current annual sales of approximately
$35 million.

"The OEA Aerospace business has a rich history of innovation in energetic
and pyrotechnic materials," said Tom Hartman, president of Autoliv
Inflators. "We are pleased to have found a buyer who will continue to
invest in the business and build on this strong foundation by supporting
ongoing customer initiatives."

The divestiture of the aerospace business follows upon the sale of eight
other non-core units over the last two years allowing Autoliv to
significantly reduce its net debt and operating costs. The sale of the
aerospace business will not have a material effect on Autoliv's earnings.


Inquiries:
Mats Ödman, Dir. Corp. Com., Tel. +46 (8) 58 72 06 23, or mob. +46 (708)
32 09 33
Kathy Whitehead, Manager, Marketing Communications, Tel. (801) 629-9196

Autoliv Inc. develops and manufactures automotive safety systems for all
major automotive
manufacturers in the world. Together with its joint ventures Autoliv have
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 1999 amounted to US $3.8 billion and
net income US $200 million. The company's shares are listed on the New
York Stock Exchange (NYSE: ALV) and its Swedish Depositary Receipts on the
OM Stockholm Stock Exchange (SSE: ALIV).