Record deliveries for Volvo Trucks in 1998

RECORD DELIVERIES FOR VOLVO TRUCKS IN 1998 In 1998 Volvo Trucks delivered a preliminary total of 83,279 units, an increase of 21 per cent compared with 1997. Sales showed the following distribution: 1997 1998 Europe, total 34,470 42,354 +23 of which 31,037 37,810 +22 Western Europe Eastern Europe 3,433 4,544 +32 20,905 29,314 +40 North America South America 6,971 6,020 -14 4,711 3,762 -20 Asia 1,924 1,829 -5 Other markets 68,981 83,279 +21 Total The inflow of orders in 1998 increased by 12 per cent and the order book by 21 per cent compared with 1997. "In many ways, 1998 was a successful year for us," says Karl-Erling Trogen, president and CEO of Volvo Truck Corporation. "We delivered 83,300 trucks, which is considerably more than any previous year and we introduced the FM family and a new generation of theFH. Both were very well received. Furthermore, I am especially proud that the Swedish Quality Award was conferred on Volvo Trucks for all its global operations," continues Karl-Erling Trogen. January 15, 1999 For more information, please contact: Tommy Kohle.Tel: +46 31-66 65 17, mobile 0706-76 65 17, e-mail: vtc1.kohle@memo.volvo.se ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/01/15/19990115BIT00190/bit0001.doc http://www.bit.se/bitonline/1999/01/15/19990115BIT00190/bit0002.pdf

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The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The headquarter is located in Gothenburg, Sweden.

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