Autoliv Inc., a worldwide provider of 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 have performed outstandingly in terms of superior quality, delivery, technology, innovation and cost improvement performance over the past year.

Jan Carlson, Autoliv’s chairman, president and CEO, accepted the prize at Toyota’s annual Global Supplier Convention on Feb. 23, in Nagoya Japan.

“We are both proud and humble to have been recognized by Toyota as a winner of the prestigious Global Contribution Award for the fifth time,” said Carlson.

As a keynote speaker at the Global Supplier Convention, 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.”