Truck Deliveries From AB Volvo -- March 2002


GOTEBORG, Sweden, April 22, 2002 (PRIMEZONE) -- Deliveries from Volvo's (Nasdaq:VOLVY) truck operations, which comprises Volvo Trucks, Mack Trucks, and Renault Trucks, amounted to 33,322 trucks year to date compared with 42,139 trucks last year, a decrease of 21%. In Europe, deliveries decreased by 24% to 20,821 while 7,442 trucks were delivered in North America, down by 27%.

On a 12-month rolling basis, order intake was 5% below the same period last year, of which North America was -28% and Europe was up 2%.

Total Volvo Group

Deliveries by market area:


 Units Invoiced    Year-to-Date           Change
                     Date
 Volvo Group           2002       2001         
 Europe              20,821     27,517     -24%
     Western         19,341     25,883     -25%
 Europe
     Eastern          1,480      1,634      -9%
 Europe
 North America        7,442     10,150     -27%
 South America        1,163      1,283      -9%
 Asia                 1,718      1,132      52%
 Other markets        2,178      2,057       6%
 Total Volvo Group   33,322     42,139     -21%

 Mack Trucks

 Deliveries by
  market area:

 Units Invoiced     Year-to-Date          Change
 Mack Trucks                2002    2001        
 North America             4,555   6,564    -31%
 South America               181     189     -4%
 Asia                          2            n.a.
 Other markets               256     180     42%
 Total Mack Trucks         4,994   6,933    -28%

 Renault Trucks

 Deliveries by
  market area:

 Units Invoiced        Year-to-             Change
                         Date
 Renault Trucks            2002      2001          
 Europe                  14,029    15,574      -10%
     Western Europe      13,274    14,889      -11%
     Eastern Europe         755       685       10%
 Asia                        82       138      -41%
 Other markets            1,214     1,373      -12%
 Total Renault Trucks    15,325    17,085      -10%

 Volvo Trucks

 Deliveries by
  market area:

 Units Invoiced        Year-to-             Change
                         Date
 Volvo Trucks              2002      2001          
 Europe                   6,792    11,943      -43%
     Western Europe       6,067    10,994      -45%
     Eastern Europe         725       949      -24%
 North America            2,887     3,586      -19%
 South America              982     1,094      -10%
 Asia                     1,634       994       64%
 Other markets              708       504       40%
 Total Volvo Trucks      13,003    18,121      -28%

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