VOLVO GLOBAL TRUCKS DELIVERIES, JANUARY-MAY 2001

VOLVO GLOBAL TRUCKS DELIVERIES, januarY-MAY 2001 Deliveries from Volvo Global Trucks, which comprises Mack Trucks, Inc., Renault V.I. and Volvo Trucks, during the period January-May 2001 amounted to 68 738 units compared to 77 202 in the same period last year, a decrease of 11%. Order intake was down 14%, of which North America was down 30% and Europe 10% compared to the same period last year. "The decline in the North American market now appears to be levelling out. We are feeling some effects in the European markets, but we do not expect the situation here to be as grave as in North America" says Tryggve Sthen, President and CEO of Volvo Global Trucks Deliveries by market area: 2001 2000 +/- % Market Europe, total 44 216 43 564 1 of which Western 41 335 41 080 1 Europe Eastern 2 881 2 484 16 Europe North America 16 475 26 845 -39 South America 2 495 1 567 59 Asia 1 856 2 172 -14 Other 3 696 3 054 21 Total 68 738 77 202 -11 Mack Trucks, Inc. Deliveries from Mack Trucks, through May 2001 were 33% fewer than during the same period last year. They amounted to 11 311 vehicles, of which 457 (499) were medium-duty. Although its sales volume has been affected by the market decline, Mack continued to improve its US market share. Deliveries by market area: Market 2001 2000 +/- % North America 10 561 16 410 -36 South America 435 98 344 Other 315 315 0 Total 11 311 16 823 -33 Renault V.I. Total deliveries for the period January-May 2001 increased by 8% compared to the same period last year. They amounted to 28 157 trucks, of which 13 997 (11 735) were light and medium duty vehicles. The French market remained strong, and deliveries on Eastern European, Middle-Eastern and Northern African markets increased steadily. Deliveries by market area: 2001 2000 +/- % Market Europe, total 25 614 24 033 7 of which Western 24 457 23 014 6 Europe Eastern 1 157 1 019 14 Europe Other 2 543 2 114 20 Total 28 157 26 147 8 Volvo Truck Corporation Deliveries of Volvo Trucks during the period January - May totalled 29 270 units, of which 1 027 were Mitsubishi Canter. The total amount of units delivered was 15% fewer than during the same period last year. The situation on the North American market remained difficult. Western European markets are declining somewhat, while most Eastern European markets are showing a steady increase in the demand for heavy trucks. Deliveries in Brazil increased by 53%, totalling 1 911 units. Deliveries by market area: 2001 2000 +/- % Market Europe, total 18 602 19 531 -5 of which Western 16 878 18 066 -7 Europe Eastern 1 724 1 465 18 Europe North America 5 914 10 435 -43 South America 2 060 1 469 40 Asia 1 853 2 171 -15 Other 841 626 34 Total 29 270 34 232 -15 19 June, 2001 For further information, please contact: Jennifer Downes, Volvo Global Trucks: tel +46 31 667021, +46-70-206 7021 John Mies, Mack Trucks, Inc.: tel +1-610- 709 35 91 Dominique Plassais, Renault V.I.: tel +33-1-410 40 618 Claes Claeson, Volvo Truck Corporation: tel +46-31-66 39 08 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.bit.se/bitonline/2001/06/19/20010618BIT00880/bit0001.doc http://www.bit.se/bitonline/2001/06/19/20010618BIT00880/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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