VOLVO GLOBAL TRUCKS DELIVERIES, JANUARY-JULY 2001

VOLVO GLOBAL TRUCKS DELIVERIES, januarY-JULY 2001 Deliveries from Volvo Global Trucks, which comprises Mack Trucks, Inc., Renault V.I. and Volvo Trucks, during the period January-July 2001 amounted to 91 872 units compared to 107 037 in the same period last year, a decrease of 14%. Order intake was down 11%, of which North America was down 31% and Europe 5% compared to the same period last year. "The competitive situation in Europe is becoming increasingly intense. However, order intake for Volvo Global Trucks in Europe during the summer months has been on a relatively good level," says Tryggve Sthen, President and CEO of Volvo Global Trucks. "The situation in North America remains very grave." Deliveries by market area: 2001 2000 +/- % Market Europe, total 58 448 61 195 -4 of which Western Europe 54 457 57 567 -5 Eastern Europe 3 991 3 628 10 North America 21 904 35 296 -38 South America 3 429 2 631 30 Asia 2 535 3 116 -19 Other 5 556 4 799 16 Total 91 872 107 037 -14 Mack Trucks, Inc. During the period January-July 2001, deliveries from Mack Trucks amounted to 15 062, which was 32 % fewer than during the same period last year. 14 546 heavy-duty trucks were delivered, and the remaining 516 were medium-duty. For the remainder of the year, Mack has currently scheduled additional non-production days at its Winnsboro and Macungie plants as part of its ongoing effort to keep production in close alignment with order intake. Mack continued to see strong sales improvement in South America. Deliveries by market area: Market 2001 2000 +/- % North America 13 853 21 557 -36 South America 686 251 173 Other 523 494 6 Total 15 062 22 302 -32 Renault V.I. Total deliveries for the period January-July 2001 totalled 37 738 vehicles, an increase of almost 3 % compared to the same period last year. More than half of the vehicles delivered were heavy duty, of which the Kerax range increased by 20%. In the medium duty range, deliveries of the Midlum model increased by 16%. Deliveries by market area: 2001 2000 +/- % Market Europe, total 34 051 33 509 2 of which Western Europe 32 463 32 010 1 Eastern Europe 1 588 1 499 6 Other 3 687 3 267 13 Total 37 738 36 776 3 Volvo Truck Corporation During the period January-July, Volvo Trucks delivered a total of 39 072 vehicles, of which 1 312 were Mitsubishi Canter. Competition in Western Europe is intensifying. In spite of this, Volvo Truck Corporation's order book has improved somewhat during the summer period. Eastern Europe and the Far East remain positive. Deliveries by market area: 2001 2000 +/- % Market Europe, total 24 395 27 686 -12 of which Western Europe 21 994 25 557 -14 Eastern Europe 2 401 2 129 13 North America 8 051 13 739 -41 South America 2 743 2 380 15 Asia 2 521 3 112 -19 Other 1 362 1 042 31 Total 39 072 47 959 -19 August 21, 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/2001/08/21/20010821BIT00570/bit0001.doc http://www.waymaker.net/bitonline/2001/08/21/20010821BIT00570/bit0001.pdf