Exhibit 12.1

Autoliv, Inc.

Computation of Ratio of Earnings to Fixed Charges

	Year Ended December 31,
(Dollars in millions)	2008		2009		2010		2011		2012
Fixed charges
Interest expense	$	72.9	$	68.2	$	66.6	$	68.2	$	41.7
Interest portion of rental expense (1)		10.2		9.3		9.7		12.0		11.7
Total	$	83.1	$	77.5	$	76.3	$	80.2	$	53.4
Earnings
Income before income taxes	$	248.7	$	5.5	$	805.5	$	828.3	$	668.6
Earnings in Affiliates		–3.9		–3.8		–5.5		–6.8		–8.1
Fixed charges +		83.1		77.5		76.3		80.2		53.4
Cash from Affiliates +		2.2		9.2		9.2		6.4		4.8
Total	$	330.1	$	88.4	$	885.5	$	908.1	$	718.7
Ratios of Earnings to Fixed Charges		4x		1x		12x		11x		13x

(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 non-controlling 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.