Volvo Group recruiting high-tech engineers

Volvo Group recruiting high-tech engineers 

The Volvo Group has initiated a recruitment campaign with the aim of employing
250 engineers globally within the Group's truck-related research and technology
development activities. "This is just the beginning of a recruitment period that
will last several years, which is attributable to our extensive investments -
mainly within environmentally related research and technology development," says
Anders Ydergård, Senior Vice President Vehicle Research and Development. 



Recently, the Volvo Group launched a campaign to recruit 75 newly graduated
engineers within mechanics, electronics and industrial design in Sweden and
France. In addition to the newly graduated group, 175 engineers will be
recruited in Sweden, France, India and the US."Volvo 3P is a global organization working with cutting-edge technology and
innovative solutions for the Volvo Group's truck business. Today, our global
product development employs 2,600 engineers and our extensive investments -
mainly within environmentally related research and technology development -
create the need for this global recruitment campaign," says Anders Ydergård.

In developing the next generation of trucks, expertise within software
development, electrics/electronics and communications technology is of the
utmost importance. There is also a need for industrial designers to meet the
high customer expectations for functional and aesthetic product design that will
minimize environmental impact. Securing future environmental performance and
creating cost-efficient solutions also requires expertise within mechanical
design and materials."It is crucial that we ensure our long-term competence with a high proportion of
developers with a university degree. Through employing newly graduated
engineers, we secure the latest in expertise in our key areas as well as
increase the number of potential future leaders," concludes Anders Ydergård.
December 19, 2007

For reporters who want more information, please contact Mårten Wikforss, +46 31
66 11 27 or +46 705 59 11 49.

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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 13.00 p.m. December 19, 2007.



The Volvo Group is one of the world's leading manufacturers of trucks, buses and
construction equipment, drive systems for marine and industrial applications,
aerospace components and services. The Group also provides complete solutions
for financing and service. The Volvo Group, which employs about 100,000 people,
has production facilities in 19 countries and sells their products in more than
180 markets. Annual sales of the Volvo Group amount to about 27 billion euro.
The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden.
Volvo shares are listed on OMX Nordic Exchange Stockholm.