Autoliv, the worldwide leader in automotive safety systems, has been honored with the prestigious Global Contribution Award, Toyota's highest award for suppliers.

This is the fifth time Autoliv has received the prestigious Global Contribution Award. The award is given in recognition of companies that for the past year have performed outstandingly in terms of superior quality, delivery, technology, innovation and cost improvement performance.

“We are both proud and humble to have been recognised by Toyota as a winner of the prestigious Global Contribution Award for the fifth time,” said Autoliv’s chairman, president and CEO, Jan Carlson, when accepting the prize at Toyota’s annual Global Supplier Convention on February 23, 2018, in Nagoya Japan.

As a keynote speaker at the Global Supplier Convention, Jan Carlson took the opportunity to share his thoughts on behalf of all suppliers: “Electrification, automation, connectivity and shared mobility are all coming to our industry at the same time. We are entering a phase of both competition and collaboration, that involves companies from completely different industries. Our industry is opening up, bringing new opportunities, but also new challenges. We must focus on new technology that is 100 percent reliable, working all the time. It must have uncompromising quality. Only then, will we earn long-term trust from consumers and see rapid technology adoption in future generations of cars.”

Autoliv says it will meet the evolving needs of the fast-moving automotive industry by spinning-off the electronics business later this year, creating two listed companies. Autoliv will continue focusing on safety belts, airbags and steering wheels, while Veoneer will develop safe autonomous driving and active safety features.