Volvo Group launches new program for cooperation with universities and colleges

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At a ceremony held today, the Volvo Group’s Academic Partner Program was launched as a global program for research cooperation with selected universities and colleges. The Volvo Group aims to establish long-term partnerships with the best universities and colleges worldwide in the field of automotive research. Three colleges in western Sweden were the first to join the collaborative program.

The Chalmers University of Technology, University West and the University of Skövde have signed the first partnership agreements with the Volvo Group concerning research and post-graduate education within the framework of the Academic Partner Program. The cooperation encompasses research in such areas as production technology, engine development and automotive safety. Several of the joint research projects will be conducted within the framework of Fordonsstrategisk Forskning och Innovation (FFI), a Swedish program for cooperation between the government of Sweden and the automotive industry that was established on January 1. The Volvo Group is also pursuing discussions with universities in France and the US concerning cooperation within the Academic Partner Program. “We are offering an opportunity for long-term cooperation in research areas that are key to our ability to build the trucks, buses, construction equipment, engines and aerospace components of the future,” says Jan-Eric Sundgren, member of the Volvo Group Executive Committee and Senior Vice President Environmental and Public Affairs. June 22, 2009 Reporters who want more information, please contact: Urban Wass, Program Director, Public Affairs, AB Volvo, tel +46 31 322 86 61 Anders Vilhelmsson, Press Contact, AB Volvo, tel +46 31 322 38 79 Visit http://www.thenewsmarket.com/volvogroup to access broadcast-standard video from Volvo Group. You can preview and request video, and choose to receive as a MPEG2 file or by Beta SP tape. Registration and video is free to the media. AB Volvo (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 15.30 p.m. CET, 22 June, 2009.

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