Volvo Global Trucks deliveries, January-April 2001

VOLVO GLOBAL TRUCKS DELIVERIES, januarY-APRIL 2001 Deliveries from Volvo Global Trucks, which comprises Mack Trucks, Inc., Renault V.I. and Volvo Trucks, during the period January-April 2001 amounted to 55,062 units compared to 61,461 in the same period last year. Order intake was down 14%, of which North America was down 30% and Europe 10% compared to the same period last year. "The downward curve in the North American market is deeper and wider than we expected," says Tryggve Sthen, President and CEO of Volvo Global Trucks. "We feel that we are approaching the bottom of the downturn, and expect the situation to improve towards the end of this year. Europe is still on a relatively high level, but is now, to some extent, being affected by the downturn in North America." Deliveries by market area: 2001 2000 +/- % Market Europe, total 36,235 34,726 4 of which Western Europe 34,017 32,797 4 Eastern Europe 2,218 1,929 15 North America 12,848 21,773 -41 South America 1,769 1,232 44 Asia 1,330 1,615 -18 Other 2,880 2,115 36 Total 55,062 61,461 -10 Mack Trucks, Inc. Deliveries from Mack Trucks, through April 2001 amounted to 8,812 vehicles, of which 389 (394) were medium-duty. Deliveries were 35% fewer than during the same period last year. Mack's Venezuelan unit performed extremely well, increasing sales volumes by 94%. The combination of economic stability in Venezuela and the great strides made by the Mack Venezuelan subsidiary allowed it to make significant improvements in its retail activity there. Deliveries by market area: Market 2001 2000 +/- % North America 8,256 13,285 -38 South America 315 71 344 Other 241 247 -2 Total 8,812 13,603 -35 Renault V.I. Total deliveries for the period January-April 2001 increased by 13% compared to the same period last year. They amounted to 23,006 trucks, of which 11,704 were light and medium duty vehicles. Deliveries of the new medium-duty Midlum and the construction range Kerax rose by 35% and 33% respectively during the period. Deliveries by market area: 2001 2000 +/- % Market Europe, total 21,014 18,972 11 of which Western Europe 20,110 18,142 11 Eastern Europe 904 830 9 Other 1,992 1,383 44 Total 23,006 20,355 13 Volvo Truck Corporation Deliveries of Volvo Trucks during the period January - April totalled 23,244 units, of which 860 were Mitsubishi Canter. The total amount of units delivered was 15% fewer than during the same period last year. Apart from the weak market development in North America, the demand for heavy trucks in western Europe has decreased slightly. In eastern Europe, South America and in the Far East, deliveries increased compared with the same period last year. Deliveries by market area: 2001 2000 +/- % Market Europe, total 15,221 15,754 -3 of which Western Europe 13,907 14,655 -5 Eastern Europe 1,314 1,099 20 North America 4,592 8,488 -46 South America 1,454 1,161 25 Asia 1,330 1,615 -18 Other 647 485 33 Total 23,244 27,503 -15 May 22, 2001 For further information, please contact: 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 Jennifer Downes, Volvo Global Trucks: tel +46 31 667021, +46-70-206 7021 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/22/20010522BIT00530/bit0002.doc http://www.bit.se/bitonline/2001/05/22/20010522BIT00530/bit0002.pdf