Autoliv To Buy Delphi Passenger Safety Assets

Law360, New York (November 17, 2009, 4:34 PM EST) -- Swedish automotive safety parts manufacturer Autoliv Inc. has agreed to purchase auto parts maker Delphi Holdings LLC's air bag, seat belt and steering wheel assets, including an operations center in Mexico.

Autoliv disclosed the agreement in a filing Tuesday with the U.S. Securities and Exchange Commission, but did not reveal the financial terms of the deal.

Under the deal, Autoliv will acquire Delphi’s steering wheel operations in Matamoros, Mexico, while Delphi’s North American air bag and seat belt assets will be consolidated into existing Autoliv facilities...
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