Autoliv and the Piaggio Group join forces to develop a scooter and motorcycle airbag

Rhea-AI Summary

Autoliv (NYSE: ALV) and Piaggio Group have signed a joint development agreement to create an innovative airbag system for powered two-wheelers, enhancing rider safety. The airbag will deploy quickly upon impact and is part of Autoliv's commitment to saving lives through advanced safety solutions. As the popularity of two-wheelers rises, the addition of airbags complements existing technologies like ABS and ASR. This initiative aligns with Autoliv's sustainability goals to save 100,000 lives annually by 2030.

Positive

• Partnership with Piaggio Group to develop airbag technology for powered two-wheelers.
• Airbags will enhance rider safety and complement existing safety systems.
• Aligns with Autoliv's sustainability goals of saving 100,000 lives annually by 2030.

Negative

• None.

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. 

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SOURCE Autoliv

FAQ

What is Autoliv's partnership with Piaggio Group about?

Autoliv and Piaggio Group are collaborating to develop an airbag system for powered two-wheelers, aimed at increasing rider safety.

When was the agreement between Autoliv and Piaggio announced?

The joint development agreement was announced on November 4, 2021.

How does the new airbag technology work for two-wheelers?

The airbag will be mounted on the vehicle frame and is designed to deploy in milliseconds during an impact.

What are Autoliv's goals for rider safety?

Autoliv aims to save 100,000 lives annually by 2030, incorporating innovative safety solutions like the new airbag.

What existing safety systems do powered two-wheelers have?

Powered two-wheelers are currently equipped with safety systems like ABS (Antilock Braking System) and ASR (Anti-Slip Regulation).