Penske Truck Leasing orders 600 Volvo trucks

Penske Truck Leasing orders 600 Volvo trucks 

The US-based transportation services provider Penske has ordered 600 Volvo VN670
tractors providing near-zero regulated emissions and improved fuel economy.

With EPA2010-certified Volvo D13 engines and selective catalytic reduction
(SCR), Penske has selected the cleanest-running diesel trucks available today
that can deliver 5% better fuel economy than previous engines and a smaller
carbon footprint for its customers.   

The initial 100 units of the order have been built and are being placed in
Penske's commercial truck rental fleet.  The remaining 500 VN670s will be
produced and delivered over the next several months.

“We are extremely happy that Penske chose Volvo trucks and engines to meet the
EPA'10 emissions standard, while also delivering the performance and fuel
economy Penske and its customers require,” said Scott Kress, vice president -
sales for Volvo Trucks in North America. “Volvo's engines and SCR system are the
most tested products in our company's history and are the right choice for
EPA'10. Penske not only has a deserved reputation as one of the leaders in
evaluating new technology, they are committed to running the cleanest and most
efficient trucks available.”

“Volvo's trucks and engines are right in line with our approach to minimizing
environmental impacts and improving operations.  We think our truck rental and
truck leasing customers will embrace vehicles like these as win-win options for
their businesses and the environment,” said Marc Althen, senior vice president
of administration and procurement for Penske Truck Leasing.  

Volvo's EPA'10 technology eliminates active regenerations of the diesel
particulate filter (DPF), which saves additional fuel, while also simplifying
truck operations.  All Volvo diesel engines meet the EPA'10 emissions
regulations without the use of emissions credits.

May 4, 2010

For further information, please contact: 
Jenny Björsne, Corporate Communications, phone +46 31 664523, e-mail
jenny.bjorsne@volvo.com

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Volvo Trucks provides complete transport solutions for professional and
business-driven customers. The company offers a full range of medium to heavy
duty trucks world wide, with a strong global network of 3,000 service points in
more than 140 countries. Volvo Trucks is a part of the Volvo Group, 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 solutions for financing and service.