Strike at one of Volvo's US truck plants

Strike at one of Volvo's US truck plants

The United Auto Workers (UAW) union called a strike this morning at 6:00 a.m.
Swedish time (CET) for the slightly more than 2,600 members at Volvo's and
Mack's plant in New River Valley, Virginia. The strike will stop practically all
production until further notice. 



Negotiations with the UAW have been under way since January 8 and when the
current contract expired at midnight, US time (EST) January 31, and the parties
had not succeeded in reaching an agreement, the UAW chose to engage in a strike.
Slightly more than 2,600 of a total of 2,900 employees at the plant in New River
Valley are covered by the strike, which will stop practically all production at
the plant until further notice. 

Volvo's and Mack's plant in New River Valley currently produces about 100 trucks
per day, most of which are Volvo. 

February 1, 2008

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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pursuant to the Securities Markets Act. The information was submitted for
publication at xx.xx a.m. February 1, 2008.

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.