Customers:
|
Acura, Alfa Romeo, Ashok Leyland, Aston Martin, Audi, AvtoVAZ, Bentley, BMW, Buick, Cadillac, Chevrolet, Chrysler, Citroen, Dacia, Daihatsu, Daimler, Dodge, Ferrari, Fiat, Ford, Geely, General Motors, GMC Trucks, Holden, Honda, Hyundai, Infiniti, Isuzu, Iveco, Jaguar, Jeep, Kia, Lamborghini, Lancia, Land Rover, Lexus, Lincoln, Lotus, MAN, Maruti, Maserati, Mazda, Mercedes-Benz, Mercury, Mini, Mitsubishi, Morgan, Nissan, Oldsmobile, Opel, Peugeot, Pontiac, Porsche, Renault, SAAB, Saturn, Scania,SEAT, Skoda, Subaru, Suzuki, Tata, Tofas, Toyota, Vauxhall, Volkswagen, Volvo Cars, Volvo Trucks
Sales Ratio
|
FY2010
|
FY2009
|
GM Group
|
14%
|
12%
|
Renault/Nissan
|
13%
|
14%
|
VW
|
9%
|
12%
|
Ford
|
9%
|
13%
|
Hyundai/Kia
|
7%
|
4%
|
Toyota
|
6%
|
6%
|
Peugeot Citroen
|
6%
|
8%
|
Honda
|
5%
|
5%
|
BMW
|
5%
|
6%
|
Fiat/Chrysler
|
5%
|
3%
|
Daimler
|
4%
|
5%
|
Geely/Volvo
|
3%
|
-
|
Mitsubishi
|
2%
|
-
|
Mazda
|
2%
|
-
|
Others
|
10%
|
12%
|
Major Supply Agreements
Products
|
Maker
|
Model
|
Model year
|
Steering wheel
|
Daihatsu
|
Copen
|
2011
|
Steering wheel
|
Daihatsu
|
Esse
|
2011
|
Steering wheel
|
Daihatsu
|
Hijet Cargo
|
2011
|
Steering wheel
|
Daihatsu
|
Hijet Truck
|
2011
|
Steering wheel
|
Honda
|
Step WGN
|
2011
|
Steering wheel
|
Mitsubishi
|
Colt
|
2011
|
Steering wheel
|
Mitsubishi
|
Lancer Cargo
|
2011
|
Steering wheel
|
Mitsubishi
|
Minica
|
2011
|
Steering wheel
|
Mitsubishi
|
Pajero Mini
|
2011
|
Steering wheel
|
Nissan
|
Lafesta
|
2011
|
Steering wheel
|
Nissan
|
NV200 Vanette
|
2011
|
Steering wheel
|
Nissan
|
Wingroad
|
2011
|
Steering wheel
|
Suzuki
|
Alto
|
2011
|
Steering wheel
|
Suzuki
|
Alto Lapin
|
2011
|
Steering wheel
|
Suzuki
|
Every
|
2011
|
Steering wheel
|
Suzuki
|
Every Wagon
|
2011
|
Steering wheel
|
Suzuki
|
Jimny
|
2011
|
Steering wheel
|
Suzuki
|
Jimny Sierra
|
2011
|
Steering wheel
|
Suzuki
|
MR Wagon
|
2011
|
Steering wheel
|
Suzuki
|
Palette
|
2011
|
Steering wheel
|
Suzuki
|
Wagon R
|
2011
|
Airbag
|
Mitsubishi
|
Delica D:5
|
2011
|
Airbag
|
Mitsubishi
|
eK Wagon
|
2011
|
Airbag
|
Mitsubishi
|
i
|
2011
|
Airbag
|
Mitsubishi
|
i-MiEV
|
2011
|
Airbag
|
Mitsubishi
|
Lancer Evolution X
|
2011
|
Airbag
|
Mitsubishi
|
Outlander
|
2011
|
Airbag
|
Mitsubishi
|
Pajero
|
2011
|
Airbag
|
Mitsubishi
|
Pajero Mini
|
2011
|
Airbag
|
Mitsubishi
|
RVR
|
2011
|
|
Business Highlights :
|
Financial Overview
in million dollars
|
FY2010
|
FY2009
|
Rate of change(%)
|
Factors
|
Sales
|
7,171
|
5,121
|
40%
|
1)
|
Operating income
|
869
|
69
|
1159%
|
|
Factors
1) Airbag -Sales of airbag products rose by 46% to $4,807 million, including 12 percentage points from acquisitions. The organic sales increase of 34% was 12 percentage points higher than the LVP increase in the Triad.
Seatbelt -Sales of seatbelt products rose by 30% to $2,364 million. Acquisitions added 5% and currency effects nearly 1%. Organic sales growth of 24% was virtually in line with global LVP.
Acquisitions
-The Company, in an offer to purchase additional shares of its Estonian subsidiary Aktsiaselts Norma (Norma), will be exceeding the 90% threshold. In March 2009, the Company announced its intention to make Norma wholly owned. (From a press release on April 15, 2010)
-The Company has agreed to acquire Delphi's Pyrotechnic Safety Switch (PSS) assets in Europe serving customers such as Daimler, Audi and Porsche. In the event of an accident, the pyrotechnic safety switch (PSS) or "battery dis-connect" is activated by the deployment of the airbag. The PSS cuts (isolates) the battery from the vehicle starter and alternator, which helps prevent short circuits and reduces the likelihood of a resulting fire. Applications for electric and hybrid vehicles include crash protection of vehicle wiring circuits and associated battery storage systems. These assets are expected to generate close to 10 million USD of annualized sales in 2010. This transaction is expected to close by April 30, 2010. (From a press release on April 9, 2010)
-The Company has acquired Visteon's radar system business. Autoliv radar specialists have worked together with the Visteon team over the past few years. This partnership has resulted in Blind Spot and Rear Cross Traffic Detection Systems. (From a press release on March 4, 2010)
-The Company has agreed to buy the outstanding 40% of shares in its Japanese joint venture Autoliv Nichiyu Co., Ltd. The joint venture, which is one of Autoliv's five manufacturing facilities in Japan, primarily produces airbag inflators for the Japanese domestic market. Autoliv Nichiyu Co., Ltd will be re-named Autoliv Aichi Co., Ltd and have annual sales of approximately $35 million of which virtually all is internal sales to other Autoliv companies.(From a press release on January 20, 2010)
R&D
R&D Expenditures
(in million $)
|
2010
|
2009
|
2008
|
R&D expenditure
|
361
|
322
|
367
|
-Expenses incurred for research, development and engineering activities were $361 million, $322 million and $367 million for the years ended December 31, 2010, 2009 and 2008, respectively. - The Company has technical centers in nine countries worldwide.
|
Sales Data:
|
(in million $)
|
2010
|
2009
|
2008
|
2007
|
2006
|
Sales
|
7,171
|
5,121
|
6,473
|
6,769
|
6,188
|
Sales by Product
(in million $)
|
2010
|
2009
|
2008
|
2007
|
2006
|
Airbags and associated products
|
4,807
|
3,299
|
4,130
|
4,377
|
4,085
|
Seat belts and associated products
|
2,363
|
1,822
|
2,343
|
2,392
|
2,103
|
Total
|
7,171
|
5,121
|
6,473
|
6,769
|
6,188
|
Sales by Geographic Area
(in million $)
|
2010
|
2009
|
2008
|
2007
|
2006
|
North America
|
2,054
|
1,191
|
1,510
|
1,711
|
1,721
|
Europe
|
2,741
|
2,534
|
3,438
|
3,661
|
3,251
|
Japan
|
791
|
499
|
740
|
627
|
559
|
Rest of the World
|
1,585
|
897
|
785
|
770
|
657
|
Total
|
7,171
|
5,121
|
6,473
|
6,769
|
6,188
|
|