Volvo Receives Engine Approval from U.S. EPA


GOTEBORG, Sweden, Sept. 30, 2002 (PRIMEZONE) -- Volvo Trucks North America, Inc. (Nasdaq:VOLVY) today announced the U.S. Environmental Protection Agency has given permission for Volvo to manufacture and sell trucks with Volvo's EPA02-compliant VED12 diesel engine after October 1, 2002.

"We believe this engine meets all applicable emissions requirements of the Clean Air Act, EPA's regulations and the terms of your consent decree," the agency said in a letter to Volvo. The agency issued Volvo a conditional certificate, with final certification expected once EPA completes its formal review process.

"Our testing has shown that when paired with the new Volvo VN highway tractor, Volvo's VED12 engine will not only meet the new emissions requirements, but also deliver industry-leading fuel economy and performance," said Susan Alt, vice president - marketing. "Care for the environment is a Volvo core value, and we are right on schedule to satisfy the strong demand for our new EPA02-compliant VN model."

The new Volvo VN series of Class 8 trucks introduced in August are the industry's only trucks designed to be fully integrated with EPA02-compliant engines. Operators of the new VN should experience only a 0-2% decrease in fuel economy with the new engines.

For further information, please contact Marten Wikforss, +46 31 66 11 27

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