Volvo Global Trucks deliveries, january-october 2001

VOLVO GLOBAL TRUCKS DELIVERIES, JANUARY-OCTOBER 2001 Deliveries from Volvo Global Trucks, which comprises Mack Trucks, Inc., Renault V.I. and Volvo Trucks, during the period January-October 2001 amounted to 127 661 units compared to 151 104 in the same period last year, a decrease of 16%. Order intake was down 11%. North America was down 37% and Europe 2% compared to the same period last year. "On the whole, Europe is seeing a slowdown, but the Southern and Eastern European markets are doing well," says Tryggve Sthen, President and CEO of Volvo Global Trucks. "The situation in North America remains grave. All things considered, this has been a difficult year so far, but we have taken decisive measures to mitigate the situation. Furthermore, we have strengthened our product range with an excellent new truck from each of our three truck companies. These actions will ensure that we emerge in a strong position when the market does eventually begin to improve." Deliveries by market area: 2001 2000 +/- % Market Europe, total 80 704 86 540 -7 of which Western Europe 74 806 81 172 -8 Eastern Europe 5 898 5 368 10 North America 29 456 48 587 -39 South America 4 850 4 091 19 Asia 4 763 5 451 -13 Other 7 888 6 435 23 Total 127 661 151 104 -16 Mack Trucks, Inc. During the period January-October 2001, deliveries from Mack Trucks amounted to 19 872, which was 34 % fewer than during the same period last year. Heavy-duty trucks totalled 19 123, and medium-duty 749 (vs 1041 in 2000). Persistent weakness in North American economic conditions continues to outweigh strong sales growth in South America. Deliveries by market area: Market 2001 2000 +/- % North America 18 005 28 934 -38 South America 1 046 414 153 Asia 43 6 n/a Other 778 761 2 Total 19 872 30 115 -34 Renault V.I. Renault V.I. total deliveries for the period January-October 2001 amounted to 52 370 units, a stable level compared to the same period of 2 000. Heavy-duty trucks totalled 26 815 units ( - 3% ) among which the Kerax range is still performing well, with an increase of 19%. In the LCV segment, deliveries of the Mascott series have also increased (+4 % compared to last year.) Deliveries on the French market remain at a good level (+2%) compared to the same period last year. Deliveries to overseas markets increased by 9% and amounted to 5 613 units. Particularly strong were the North-African and Middle-Eastern markets. Deliveries by market area: 2001 2000 +/- % Market Europe, total 46 757 47 258 -1 of which Western Europe 44 527 45 008 -1 Eastern Europe 2 230 2 250 -1 Asia 453 1 039 -56 Other 5 160 4 114 25 Total 52 370 52 411 0 Volvo Truck Corporation During the period January-October, Volvo Trucks delivered a total of 55 419 vehicles, which was 19% fewer than the corresponding period last year. The North American heavy truck market continues to be very weak, with low prices on used trucks, and low demand for new trucks resulting in poor profitability. The Western European heavy truck market shows a varied picture. A significant decrease in demand in Scandinavian markets and in Germany was offset by relatively high demand on the Southern European markets. The demand for heavy trucks in Eastern Europe and certain parts of Asia was still strong during the first ten months of the year. Deliveries by market area: 2001 2000 +/- % Market Europe, total 33 947 39 282 -14 of which Western Europe 30 279 36 164 -16 Eastern Europe 3 668 3 118 18 North America 11 451 19 653 -42 South America 3 804 3 677 3 Asia 4 267 4 406 -3 Other 1 950 1 560 25 Total 55 419 68 578 -19 19 November, 2001 For further information, please contact: Jennifer Downes, Volvo Global Trucks: tel +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.waymaker.net/bitonline/2001/11/19/20011119BIT00930/bit0002.doc http://www.waymaker.net/bitonline/2001/11/19/20011119BIT00930/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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