STOCKHOLM, Sweden -- Autoliv Inc. has bought an additional 20 percent of the shares in Nanjing Hongguang-Autoliv Safety Systems Co. Ltd., a Chinese seat belt company. Autoliv now has 70 percent of the company's stock.
NHA was established in 1989 as a 50-50 joint venture to deliver seat belts to Volkswagen in Shanghai. Now its customers include PSA/Peugeot-Citroen, General Motors, Ford Motor Co., Mazda Motor Corp. and Chery Automobile Co.
Autoliv, of Stockholm, is an automotive safety supplier.