Volvo Trucks North America and UAW Reach Tentative Agreement

Volvo Trucks North America, Inc., and the United Auto Workers have reached a tentative agreement on terms of new three-year agreements that would cover approximately 2,800 UAW members at the New River Valley plant in Dublin, VA, USA.

Further comment about the proposed agreements is being withheld pending ratification by the local bargaining units. The ratification vote is being scheduled by the UAW. The proposed agreements cover members of UAW Local #2069 at the New River Valley, VA, facility. April 1, 2005 For further information, please contact: Jim McNamara, Volvo Trucks North America, +1 336 39321 43 or Mårten Wikforss, AB Volvo, +46 31 55 11 27

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The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The headquarter is located in Gothenburg, Sweden.

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