Renault Trucks to sell Volvo Buses in France

Renault Trucks to sell Volvo buses in France An agreement has been reached between Volvo Bus Corporation and Renault Trucks covering the sale of Volvo buses by Renault Trucks in France. The French bus market is the second largest in Europe with more than 4,000 registrations each year. Volvo has been present in the market for more than thirty years selling primarily tourist coaches as well as inter-city and city buses. During the past ten years, more than 1,200 Volvo buses and coaches have been delivered to French customers. Concurrent with the new marketing agreement, Volvo Buses will gradually present new models to meet market needs in France. Volvo recently delivered low-floor, CNG-powered (compressed natural gas) buses to the cities of Nantes and Montbéliard and a new version of Volvo's low-floor bus, the Volvo 7700, is being presented at the Bus World fair in Kortrijk, The Netherlands. In addition, new tourist coach and inter-city bus models will gradually be introduced. The cooperation with Renault Trucks will provide Volvo Buses access to a large dealer network for repair, service and spare parts. "This will be an excellent opportunity to increase our business", says Patrick Mosca, Senior Vice President, Renault Trucks French Sales Operations. Combined with the existing Volvo Trucks dealer network, Volvo Buses will ensure virtually nationwide coverage in France. According to Volvo Bus Corporation President Håkan Karlsson, who is highly satisfied with the agreement, the ambition is to attain a substantially higher market share in France. "With this new set-up, France has the potential of becoming one of Volvo Buses large markets in just a few years time", says Håkan Karlsson. October 16, 2003 For further information, please contact Lars Johansson, +46 70 9792717 Director, Global Commercial Development, Volvo Buses, Patrick Mosca, +33 4 72 96 61 47, Senior Vice President, Renault Trucks French Sales Operations ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/15/20031015BIT01060/wkr0001.doc http://www.waymaker.net/bitonline/2003/10/15/20031015BIT01060/wkr0002.pdf

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