Autoliv Inc.

History

Year	Detail
1953	Lennart Lindblad founded the company under the name Lindblads Autoservice AB. After 25 years, Lennart Lindblad left the company in 1977.
1956	Lennart Lindblad, the founder of Autoliv, developed the company's first seatbelt, a two-point static belt. This marked a significant step in automotive safety, setting the foundation for the company's future advancements in the field.
1959	The company expanded its operations by establishing its first subsidiary, Gebruder Lindblad, in Germany, allowing it to extend its reach and influence in the automotive safety industry.
1968	The company transformed by changing its name to Autoliv AB. This rebranding reflected its growing focus and commitment to automotive safety.
1975	The company was acquired by Granges Weda AB, which is known for developing the Essem seatbelt retractor in 1967.
1979	Autoliv further expanded its capabilities by acquiring Evert Larsson Industri AB, a Swedish seatbelt manufacturer that supplied seatbelts to Volvo.
1980	Autoliv becomes a subsidiary within Electrolux when the white goods manufacturing group acquires Gränges AB, an industrial conglomerate and owner of Gränges Weda.
1994	Electrolux sells its shares in Autoliv through a public offering. The shares are listed on the Stockholm Stock Exchange, and the company name is changed to Autoliv AB.
1997	Autoliv Inc. was formed by merging with Autoliv AB, Europe's automotive safety company, and Morton ASP, the airbag manufacturer in North America and Asia. Morton ASP started producing airbags in 1980.
1997	The company acquired Marling Industries plc, a seatbelt webbing producer, and its subsidiary, Van Oerle Alberton.
2002	Autoliv acquired Visteon Restraint Electronics, which designed and manufactured electronics for occupant restraint systems.
2006	The company launched the Safety Vent Airbag, a solution for low-risk passenger airbag deployment, protecting children and occupants in out-of-position situations.
2008	The company acquired Tyco Electronics Ltd's automotive radar sensors business for $42 million, a provider of engineered electronic components, to strengthen its market position in automated safety electronics.
2010	The company acquired Delphi's Occupant Protection Systems (OPS) operations in Korea and China to increase sales and customer growth. Delphi is a global supplier of electronics and technologies for autos, commercial vehicles, and other vehicles.
2017	Autoliv and Volvo Cars have formed Zenuity, a jointly owned company that will develop the next generation of autonomous driving software.
2018	Autoliv strategically spun off its electronics segment, forming a new company called Veoneer. This move allowed both companies to focus more intensively on their respective core areas.
2021	Autoliv collaborated with Nuro, a leading autonomous vehicle company, to deliver Nuro’s new third-generation, production-grade autonomous vehicle.
2022	The company collaborated with Polestar in its industry-leading initiative, Polestar 0, to research and develop technology aimed at finding climate-neutral solutions and innovations related to automotive safety, such as pyrotechnics, textiles, and new generations of materials for airbags and seatbelts.
2023	Autoliv presented a patented new passenger airbag module based on Bernoulli's Principle. This module can inflate larger airbags more efficiently and reduce development time and cost.
2024	The company collaborated with XPENG AEROHT, Asia's flying car innovator, on various initiatives to develop safety solutions for flying cars.