Autoliv Partners With Piaggio To Develop Motorcycle Airbag

Autoliv Inc ALV has announced a partnership with Piaggio Group to develop an airbag for powered two-wheelers for rider safety. The financial terms of the deal were not disclosed.
The airbags will be mounted on the vehicle frame and will deploy in milliseconds.
"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", said CEO Mikael Bratt.
Autoliv will now work with Piaggio to develop the product further and potentially commercialize the concept.
Price Action: ALV shares closed higher by 3.7% at $101.57 on Wednesday.