Volvo Trucks deliveries January-May 2000

VOLVO TRUCKS DELIVERIES JANUARY-MAY 2000 Deliveries from Volvo Trucks between January and May 2000 amounted to 32,944 trucks, distributed as follows. 1999 2000 Europe, 17,775 18,243 +3 total of which Western 16,941 16,778 -1 Europe Eastern 834 1,465 +76 Europe North 13,030 10,435 -20 America South 1,340 1,469 +10 America Asia 854 2,171 +154 Other 654 626 -4 markets Total 33,653 32,944 -2 The demand for heavy trucks in Western Europe continues to stay strong, but is characterised by tough competition. In the USA, demand is showing a significant downturn and the total market is expected to decrease this year with more than 20 percent compared with 1999. The US truck industry has large stocks in the distribution chain and price competition is strong, which puts considerable pressure on profitability. Sales in Eastern Europe and Asia are increasing, but from low levels. The activity on the South American market continues to remain modest. Deliveries from Volvo Trucks dropped somewhat during this year's first five months compared with the same period in 1999, as a consequence of market development in North America. Earlier this year, Volvo Trucks in North America took steps to meet the changing market trend there, implementing a cut in production rates along with other measures. Deliveries increased in Europe as a whole, while sales in Asia showed a positive trend. Order intake at Volvo Trucks up to end May increased by five percent compared with the same period last year. June 13, 2000 For more information, please contact Tommy Kohle, telephone: +46-31-66 65 17, mobile: +46-(0)706-76 65 17 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/13/20000613BIT00650/bit0001.doc http://www.bit.se/bitonline/2000/06/13/20000613BIT00650/bit0002.pdf