Truck deliveries - June 2002

TRUCK DELIVERIES - June 2002 Deliveries from Volvo's truck operations, which includes Volvo Trucks, Mack Trucks Inc., and Renault Trucks increased by 13% for the month of June, compared with the same month last year. On a year-to-date basis, deliveries amounted to 77,103 trucks compared with 82,084 trucks for the same period last year, a decrease of 6 %. In Europe, deliveries declined by 8 % to 47,748, and 18,034 trucks were delivered in North America, which is 9 % less compared with the same period last year. On a 12-month rolling basis, order intake for the truck brands was 2% higher than at the same time last year, with North America down 11% and Europe up 3%. Deliveries by market area: Delivered Units Year-to-Date Change Volvo Group 2002 2001 Europe 47,748 51,986 -8% Western Europe 43,923 48,507 -9% Eastern Europe 3,825 3,479 10% North America 18,034 19,898 -9% South America 2,529 2,986 -15% Asia 3,974 2,506 59% Other markets 4,818 4,708 2% Total Volvo Group 77,103 82,084 -6% Mack Trucks Inc. Deliveries by market area: Year-to-Date Change Delivered Units Mack Trucks Inc. 2002 2001 North America 11,030 12,534 -12% South America 334 585 -43% Asia 4 8 -50% Other markets 441 407 8% Total Mack Trucks Inc. 11,809 13,534 -13% Renault Trucks Deliveries by market area: Year-to-Date Change Delivered Units Renault Trucks 2002 2001 Europe 29,760 29,977 -1% Western Europe 28,089 28,629 -2% Eastern Europe 1,671 1,348 24% Asia 138 276 -50% Other markets 2,964 3,203 -7% Total Renault Trucks 32,862 33,456 -2% Volvo Trucks Deliveries by market area: Year-to-Date Change Delivered Units Volvo Trucks 2002 2001 Europe 17,988 22,009 -18% Western Europe 15,834 19,878 -20% Eastern Europe 2,154 2,131 1% North America 7,004 7,364 -5% South America 2,195 2,401 -9% Asia 3,832 2,222 72% Other markets 1,413 1,098 29% Total Volvo Trucks 32,432 35,094 -8% July 23, 2002 For further information, please contact: Bernard Lancelot, Renault Trucks, +33 4 72 96 27 59 Bob Martin, Mack Trucks, Inc. +1 (610) 709-2670 Claes Claeson, Volvo Truck Corporation, +46 31 66 39 08, 0708-36 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/2002/07/23/20020723BIT00070/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/23/20020723BIT00070/wkr0002.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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