Truck deliveries from AB Volvo - April 2002

Goteborg, SWEDEN


GOTEBORG, Sweden, May 21, 2002 (PRIMEZONE) -- Deliveries from Volvo's (Nasdaq:VOLVY) truck operations, which comprises Volvo Trucks, Mack Trucks, and Renault Trucks, amounted to 47,352 trucks year to date compared with 55,062 trucks last year, a decrease of 14%. In Europe deliveries declined by 17% to 29,902 while 10,560 trucks were delivered in North America, down by 18%. On a 12-month rolling basis, order intake was 2% below the same period last year, of which North America was minus 23% and Europe was up 4%.

Total Volvo Group

"Deliveries in April were 9% higher compared with the same month last year, with increased volumes coming from Volvo Trucks and Mack Trucks. Renault Trucks deliveries were unchanged for the month of April. Order intake continues to develop favorably for both Renault and Volvo in Europe. In North America, order intake has increased significantly in recent months for both Mack and Volvo, reflecting the implementation of new emission regulations in October 2002," says Volvo's CEO, Leif Johansson.


 Deliveries by market area:

 Units Invoiced             Year-to-Date   Change
 Volvo Group                 2002    2001        
 Europe                    29,902  36,051    -17%
     Western Europe        27,733  33,833    -18%
     Eastern Europe         2,169   2,218     -2%
 North America             10,560  12,848    -18%
 South America              1,669   1,769     -6%
 Asia                       2,225   1,516     47%
 Other markets              2,996   2,878      4%
 Total Volvo Group         47,352  55,062    -14%

Mack Trucks

Deliveries for the month of April increased by 12% compared with thesame month last year. Orders continued to be very strong in April, butthe outlook for the fourth quarter, following the October implementationof the EPA '02 emission regulations and the full year remains unclear.


 Deliveries by market area:

 Units Invoiced           Year-to-Date     Change
 Mack Trucks                2002   2001        
 North America             6,570  8,256     -20%
 South America               231    315     -27%
 Asia                          1      2     -50%
 Other markets               293    239      23%
 Total Mack Trucks         7,095  8,812     -19%

Renault Trucks

In a weakening market in Europe, Renault Trucks is managing to maintain or increase its market shares although sales volumes are following the downward trend. Compared with the year-earlier period, the new Renault Magnum is increasing its overall sales volumes slightly and has had significantly higher order intake.


 Deliveries by market area:

 Units Invoiced               Year-to-Date     Change
 Renault Trucks                2002    2001        
 Europe                      19,368  20,830      -7%
     Western Europe          18,356  19,926      -8%
     Eastern Europe           1,012     904      12%
 Asia                            92     184     -50%
 Other markets                1,789   1,992     -10%
 Total Renault Trucks        21,249  23,006      -8%

Volvo Trucks Deliveries increased in April by 14% in Europe and 10% in North America.

The production change implemented during the first quarter is largely complete. As a result of highly favorable sales of the new truck program, the production system in Europe is currently operating at 100% capacity.


 Deliveries by market area:

 Units Invoiced             Year-to-Date    Change
 Volvo Trucks                2002    2001        
 Europe                    10,534  15,221     -31%
     Western Europe         9,377  13,907     -33%
     Eastern Europe         1,157   1,314     -12%
 North America              3,990   4,592     -13%
 South America              1,438   1,454      -1%
 Asia                       2,132   1,330      60%
 Other markets                914     647      41%
 Total Volvo Trucks        19,008  23,244     -18%

May 21, 2002

For further information, please contact: Bernard Lancelot, Renault Trucks, +33 4 72 96 27 59 Bob Martin, Mack Trucks, Inc. +1 (610) 709-2670 Claes Claeson, Volvo Truck Corporation, +46 31 66 39 08, 0708-36 39 08

This information was brought to you by Waymaker http://www.waymaker.net

The following files are available for download:

http://www.waymaker.net/bitonline/2002/05/21/20020521BIT01200/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/21/20020521BIT01200/wkr0002.pdf