STOCKHOLM and PONTEDERA,
Italy, Nov.
4, 2021 /PRNewswire/ -- Autoliv, Inc. (NYSE:
ALV) and (SSE: ALIVsdb), the worldwide leader in automotive
safety systems, and the Piaggio Group, one of the leading
manufacturers of scooters and motorcycles, are collaborating to
develop an airbag for powered two-wheelers, for greater rider
safety.
A joint development agreement was signed by the two parties for
the purpose of developing airbags to provide greater protection for
two-wheeler riders and enhance riding pleasure. The airbags will be
mounted on the vehicle frame and will deploy in milliseconds.
The popularity of powered two-wheelers continues to rise, due to
widespread urbanization and urban densification and to the
practicality and ease of use of powered two-wheelers. Today
scooters and motorcycles are equipped with advanced safety systems,
such as ABS (Antilock Braking System) and ASR (Anti-Slip
Regulation), and the addition of airbags will be a further step in
this direction.
"Autoliv is committed to our vision of Saving More Lives and to
providing world class life-saving solutions for mobility and
society. Therefore, we are developing products that specifically
protect vulnerable road users. The development of these products is
an integral part of our sustainability agenda and an important step
towards our goal of saving 100,000 lives a year by 2030", says
Mikael Bratt, CEO and President,
Autoliv.
Autoliv has developed the initial concepts with advanced
simulation tools and conducted full-scale crash tests. Autoliv will
now work with the Piaggio Group to develop the product further and
potentially commercialize the concept.
Inquiries Autoliv:
Media: Gabriella Ekelund, Tel +46 (70) 612 64 24
Investors & Analysts: Anders
Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik
Kaar, Tel +46 (0)8 587 206 14
Inquiries Piaggio:
Media: Diego Rancati, Tel +39 366
6267720
Investors & Analysts: Raffaele
Lupotto, Tel +39 0587 272286
About Autoliv
Autoliv, Inc. is the worldwide leader in vehicle safety
systems, and through our subsidiaries we develop, manufacture and
market protective systems, such as airbags, seatbelts, steering
wheels and pedestrian protection systems for all major automotive
manufacturers in the world. In 2020, our products save over 33,000
lives each year and prevented ten times as many severe
injuries.
Our more than 68,000 associates in 27 countries are
passionate about our vision of Saving More Lives and quality is at
the heart of everything we do. We have 14 technical centers, with
20 test tracks. Sales in 2020 amounted to US $ 7,447 million. The shares are listed on the New
York Stock Exchange (NYSE: ALV) and the Swedish Depository Receipts
on Nasdaq Stockholm (ALIV sdb). For more information go
to www.autoliv.com.
About Piaggio Group
Established in 1884, the Piaggio Group is Europe's largest scooter and motorcycle
manufacturer and one of the world leaders in its sector. It has
been listed on the Italian Stock Exchange since 2006 (PIA.MI) and
has three main lines of business: 2- and 3-wheel vehicles (scooters
and motorcycles), light commercial vehicles and the robotics
division (PFF) in Boston. The
Group portfolio includes some of the best-known and most iconic
light mobility brands, such as Piaggio, Vespa, Moto Guzzi, Aprilia,
Derbi, Ape and Piaggio Commercial. With more than 6,600 employees,
the Piaggio Group markets its products in over 100 countries and
has six manufacturing plants, in Italy, India,
China, Vietnam and America. The Group also has four
R&D centres with around 1,000 employees.
Piaggio Group www.piaggiogroup.com
Safe Harbor Statement
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. Such
forward-looking statements include those that address activities,
events or developments that Autoliv, Inc. or its management
believes or anticipates may occur in the future. All
forward-looking statements are based upon our current expectations,
various assumptions and data available from third parties. 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 forward-looking statements are inherently
subject to known and unknown risks, uncertainties and other factors
which may cause actual future results, performance or achievements
to differ materially from the future results, performance or
achievements expressed in or implied by such forward-looking
statements. Numerous risks, uncertainties and other factors may
cause actual results to differ materially from those set out in the
forward-looking statements, including general economic conditions
and fluctuations in the global automotive market. 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 Private Securities Litigation Reform
Act of 1995, and we assume no obligation to update publicly or
revise any such statements in light of new information or future
events, except as required by law.
CONTACT:
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