Truck deliveries - September 2002

TRUCK DELIVERIES - SEPTEMBER 2002 Deliveries from Volvo's truck operations, which includes Volvo Trucks, Mack Trucks, Inc., and Renault Trucks, increased by 19% for the month of September, compared with the same month last year. On a year-to-date basis, deliveries amounted to 114,618 trucks, an increase of 1% compared with the same period last year. In Europe, deliveries declined by 4 % while North America increased with 8% compared with the same period last year. On a 12-month rolling basis, total order intake for the truck brands declined by 2% compared to last year, with Europe at the same level and North America down 9%. Deliveries by market area: Delivered Units Year-to-Date Change Volvo Group 2002 2001 Europe 68,086 70,979 -4% Western Europe 62,135 66,057 -6% Eastern Europe 5,951 4,922 21% North America 29,077 26,982 8% South America 3,952 4,406 -10% Asia 6,184 3,955 56% Other markets 7,319 6,904 6% Total Volvo Group 114,618 113,226 1% Mack Trucks, Inc. Deliveries by market area Delivered Units Year-to-Date Change Mack Trucks Inc. 2002 2001 Europe 1 3 -67% Western Europe 1 n.a. Eastern Europe 3 -100% North America 17,543 16,625 6% South America 467 925 -50% Asia 10 32 -69% Other markets 714 685 4% Total Mack Trucks Inc. 18,735 18,270 3% Renault Trucks Deliveries by market area: Delivered Units Year-to-Date Change Renault Trucks 2002 2001 Europe 41,651 40,836 2% Western Europe 39,092 39,011 0% Eastern Europe 2,559 1,825 40% Asia 272 405 -33% Other markets 4,584 4,561 1% Total Renault Trucks 46,507 45,802 2% Volvo Trucks Deliveries by market area: Delivered Units Year-to-Date Change Volvo Trucks 2002 2001 Europe 26,434 30,140 -12% Western Europe 23,042 27,046 -15% Eastern Europe 3,392 3,094 10% North America 11,534 10,357 11% South America 3,485 3,481 0% Asia 5,902 3,518 68% Other markets 2,021 1,658 22% Total Volvo Trucks 49,376 49,154 0% October 24, 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/2002/10/24/20021024BIT00180/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/24/20021024BIT00180/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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