Editing Autoliv (section)

==History==
Autoliv was founded in [[Vårgårda]], Sweden in the form of Auto Service AB in 1953 by Lennart Lindblad.<ref>{{Cite news |title=About Autoliv Inc. |url=https://money.usnews.com/investing/stocks/alv-autoliv-inc |work=U.S. News}}</ref> In 1956, the company became a pioneer in [[seat belt]] technology when it began production of two-point seat belts. The name of the company was changed to Autoliv AB in 1968. It was bought in 1974 by Granges Weda AB, inventors of the retractable seat belt. Granges Weda was acquired in turn in 1989 by Electrolux and changed its name to Electrolux Autoliv AB. During the 1980s and 1990s, the company grew through acquisitions, mainly in Europe. Between 1994 and 1997 the company was listed on the [[Stockholm Stock Exchange]] under the name of Autoliv AB and in 1997 it merged with the American firm [[Morton Salt|Morton ASP]] Inc to form Autoliv Inc.<ref>{{Cite news |date=1 October 1996 |title=Merger to Create Biggest Maker of Air Bags |url=https://www.nytimes.com/1996/10/01/business/merger-to-create-biggest-maker-of-air-bags.html |work=The New York Times}}</ref> In June 2018, the company spun off its Electronics business into a separate company [[Veoneer|Veoneer Inc.]]<ref>{{cite web|url=https://www.autoliv.com/investors/veoneer-spin|title=Veoneer spin-off|access-date=2019-02-20|archive-date=2021-12-23|archive-url=https://web.archive.org/web/20211223112412/https://www.autoliv.com/investors/veoneer-spin|url-status=dead}}</ref><ref>{{Cite news |date=28 June 2018 |title=Autoliv, Inc. completed the spin-off of Veoneer, Inc. (NYSE:VNE.WI) |url=https://www.marketscreener.com/quote/stock/VEONEER-INC-44211877/news/Autoliv-Inc-completed-the-spin-off-of-Veoneer-Inc-NYSE-VNE-WI-34662311/ |work=MarketScreener}}</ref>

In March 2019 Autoliv was fined €121 million by the [[European Commission]] for participating in two [[Cartel|cartels]] that violated EU [[antitrust]] rules.<ref>{{Cite web |title=Antitrust: Commission fines car safety equipment suppliers € 368 million in cartel settlement |url=https://ec.europa.eu/commission/presscorner/detail/it/ip_19_1512 |access-date=2024-12-31 |website=European Commission - European Commission}}</ref> The company, along with [[TRW Automotive|TRW]] and [[Takata Corporation|Takata]], coordinated the supply of seatbelts, airbags, and steering wheels to [[Volkswagen Group]] and [[BMW Group]] from 2007 to 2011.<ref>{{Cite web |last=Jaeger2019-03-05T11:30:00 |first=Jaclyn |title=Autoliv, TRW fined €368M for breaching EU antitrust rules |url=https://www.complianceweek.com/autoliv-trw-fined-368m-for-breaching-eu-antitrust-rules/24761.article |access-date=2024-12-31 |website=Compliance Week |language=en}}</ref> Autoliv received a 30% reduction in its fine under the Leniency Notice and an additional 10% reduction for acknowledging its involvement. This case was part of a broader investigation into anti-competitive practices in the automotive parts sector, which resulted in total fines of €2.15 billion.<ref>{{Cite web |title=Auto part makers' €368 million EU fine – DW – 03/05/2019 |url=https://www.dw.com/en/eu-hits-car-part-makers-with-368-million-price-fixing-fine/a-47785214 |access-date=2024-12-31 |website=dw.com |language=en}}</ref>

In November 2019, Autoliv selected Fredrik Westin as Chief Financial Officer and Executive Vice President, succeeding Interim CFO Christian Hanke.<ref>{{Cite web |date=26 November 2019 |title=Autoliv announces appointment of new CFO {{!}} Automotive World |url=https://www.automotiveworld.com/news-releases/autoliv-announces-appointment-of-new-cfo/ |access-date=2020-04-17 |website=www.automotiveworld.com}}</ref>