Volvo global trucks deliveries as of february 2001

VOLVO GLOBAL TRUCKS DELIVERIES AS OF FEBRUARY 2001 Deliveries from Volvo Global Trucks through February 2001 amounted to 26 017 trucks compared to pro forma 27 925 trucks last year (-7%). Compared to the same period last year total order intake was down 13%, whereof North America was down 18% and Europe 7%. All segments, including the vocational, are now affected by the continuing downturn in the North American market. "We are continuously adapting the capacity to the market changes, in order to avoid inventory build-up", comment Tryggve Stehn, president Volvo Global Trucks. "We are also beginning to see a downturn in the central part of Europe while demand in eastern Europe continues to be strong". Deliveries by market area: Market 2001 2000 +/- % Europe, total 17 020 16 034 +6 of which Western 15 956 15 299 +4 Europe Eastern 1 064 735 +45 Europe North America 6 658 10 189 -35 South America 697 509 +37 Asia 577 374 +54 Other 1 065 819 +30 Total 26 017 27 925 -7 Mack Trucks, Inc. Deliveries from Mack Trucks, Inc. through February 2001 totaled 4,152 vehicles, down 37 percent from the 6,579 units delivered during the same period last year. Deliveries by market area: 2001 2000 +/- % Market North America 3960 6450 -39 South America 88 22 +300 Other 104 107 -3 Total 4152 6579 -37 In order to reduce inventories in line with the weakening market, Mack has had several production stops and so far this year has taken ten "down days" in its Winnsboro, SC, and Hagerstown, MD, plants, and seven "down days" in its Macungie, PA, plant. Renault V.I Deliveries from Renault V.I. through February 2001 amounted to 10 424 trucks. Deliveries by market area: 2001 2000 +/- % Market Europe, total 9708 9113 +7 of which Western 9236 8807 +5 Europe Eastern 472 306 +54 Europe Other 716 524 +37 Total 10 424 9 637 +8 By the end of February Renault V.I. deliveries have increased with 8 percent compared to the same period last year. The increase in deliveries is mainly due to light and medium trucks. In Western Europe, deliveries show an increase of 5% compared to last year, mainly due to strong deliveries in Southern Europe. Volvo Truck Corporation Deliveries from Volvo Trucks through February amounted to 11 441 trucks. Deliveries by market area: 2001 2000 +/- % Market Europe, total 7 312 6 921 +6 of which Western 6 720 6 492 +4 Europe Eastern 592 429 +38 Europe North America 2698 3739 -28 South America 609 487 +25 Asia 577 374 +54 Other markets 245 188 +30 Total 11 441 11 709 -2 The high delivery rate remains unchanged since the end of year 2000. Deliveries in January - February increased in all market areas but North America. Demand in the heavy-duty segment is weakening in Western Europe, most notably in the central part of Europe. March 19, 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 Trucks: tel. +46-31-66 39 08 Stefan Lorentzson, Volvo Global Trucks: tel. +46-31-66 63 30 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/19/20010319BIT00700/bit0001.doc http://www.bit.se/bitonline/2001/03/19/20010319BIT00700/bit0001.pdf