Exhibit 12.1

Autoliv, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in millions)	Year Ended December 31,
	2007			2008			2009			2010			2011
Fixed charges
Interest expense	$	62.5		$	72.9		$	68.2		$	66.6		$	68.2
Interest portion of rental expense (1)		8.7			10.2			9.3			9.7			12.0
Total	$	71.2		$	83.1		$	77.5		$	76.3		$	80.2
Earnings
Income before income taxes	$	446.2		$	248.7		$	5.5		$	805.5		$	828.3
Earnings in Affiliates		-6.4			-3.9			-3.8			-5.5			-6.8
Fixed charges +		71.2			83.1			77.5			76.3			80.2
Cash from Affiliates +		1.1			2.2			9.2			9.2			6.4
Total	$	512.1		$	330.1		$	88.4		$	885.5		$	908.1
Ratios of Earnings to Fixed Charges		7	x		4	x		1	x		12	x		11	x

(1) One-third of all rental expense is deemed to be interest.

For the purpose of computing these ratios, (i) “earnings” consists of the sum of pre-tax income from continuing operations before adjustment for minority interests in our consolidated subsidiaries or income or loss from equity investees; fixed charges; amortization of capitalized interest; and distributed income of equity investees; and (ii) “fixed charges” consists of the sum of interest expense (which includes amortization of premiums, discounts, and capitalized expenses related to debt issue costs, when applicable); capitalized interest; and one-third of rental expense which we believe to be a reasonable estimate of an interest factor in our leases.