Truck Deliveries - October 2002

TRUCK DELIVERIES - OCTOBER 2002 Deliveries from Volvo's truck operations, which includes Volvo Trucks, Mack Trucks, Inc. and Renault Trucks, increased by 11% for the month of October, compared with the same month last year. On a year-to-date basis, deliveries amounted to 130,639 trucks, an increase of 2% compared with the corresponding period in the preceding year. In Europe, deliveries declined by 3 % while North America posted a 12% increase compared with the corresponding period a year earlier. "Truck deliveries remained at a high level in Europe for Renault Trucks and Volvo Trucks. In North America, the previously announced reduction of production capacity is now being implemented. The transfer of Mack production into the New River Plant has started and the first vehicle is expected to be on the production line in December," says Volvo's CEO Leif Johansson. On a 12-month rolling basis, total order bookings for the truck brands was at the same level as last year, with Europe down 3% and North America up 5%. Deliveries by market area: Delivered Units Year-to-Date Change Volvo Group 2002 2001 Europe 78,068 80,707 -3% Western Europe 71,108 74,806 -5% Eastern Europe 6,960 5,901 18% North America 32,997 29,456 12% South America 4,446 4,850 -8% Asia 7,193 4,763 51% Other markets 7,935 7,885 1% Total Volvo Group 130,639 127,661 2% Mack Trucks, Inc. Deliveries continued to be at a relatively high level, reflecting shipments of trucks with pre-EPA engines. On November 15, the production of Mack trucks in Winnsboro was discontinued and production will gradually be ramped up in the New River Valley plant during the first quarter of 2003. Deliveries by market area: Delivered Units Year-to-Date Change Mack Trucks Inc. 2002 2001 Europe 1 3 n.a. Western Europe 1 n.a. Eastern Europe 3 n.a. North America 19,721 18,005 10% South America 533 1,046 -49% Asia 27 43 -37% Other markets 784 775 1% Total Mack Trucks Inc. 21,066 19,872 6% Renault Trucks Despite the weakening market in Western Europe, Renault Trucks continued to report strong deliveries of trucks, particularly the Renault Magnum. Deliveries by market area: Delivered Units Year-to-Date Change Renault Trucks 2002 2001 Europe 47,536 46,757 2% Western Europe 44,554 44,527 0% Eastern Europe 2,982 2,230 34% Asia 319 453 -30% Other markets 5,000 5,160 -3% Total Renault Trucks 52,855 52,370 1% Volvo Trucks Volvo Trucks is now operating at a very high production level in the European industrial system. This is a consequence of the strong demand from Asia, Europe and Middle East. In North America the production change-over is under way for the new Volvo VN range and 3,400 orders have been received to date. Deliveries by market area: Delivered Units Year-to-Date Change Volvo Trucks 2002 2001 Europe 30,531 33,947 -10% Western Europe 26,553 30,279 -12% Eastern Europe 3,978 3,668 8% North America 13,276 11,451 16% South America 3,913 3,804 3% Asia 6,847 4,267 60% Other markets 2,151 1,950 10% Total Volvo Trucks 56,718 55,419 2% October 20, 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, +46 708-36 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/2002/11/20/20021120BIT00620/wkr0001.doc http://www.waymaker.net/bitonline/2002/11/20/20021120BIT00620/wkr0002.pdf