Volvo Trucks Complements Offering in North America with New 465-HP Engine


GOTEBORG, Sweden, Feb. 24, 2003 (PRIMEZONE) -- Volvo Trucks North America has launched a new 465-hp engine for the North American market that meets EPA02 environmental standards. Volvo (Nasdaq:VOLVY) is the only company in the North American market now able to offer a complete range of engines with the same power output levels it offered before the new, more stringent emission requirements took effect.

Volvo's new VN series has been favorably received by customers and trade press since the launch in August 2002. The new engine is the most powerful in the series of engines Volvo has developed to meet the EPA02 requirements that took effect on October 1, 2002. With a power output of 465 horsepower, the engine is intended primarily for customers that drive heavy transports over long distances.

Volvo is the only truck manufacturer in North America to launch a completely new series of trucks adapted from the start to the strict emission demands now imposed in the U.S.

For additional information, contact:

Claes Claesson, tel +46 31-66 39 08; mobile +46 708-36 39 08

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 71,000 people, has production facilities in 25 countries and sells their products in more than 185 markets. Annual sales of the Volvo Group amount to 18 billion euro. The Volvo Group is a publicly-held company headquarterd in Goteborg, Sweden. Volvo shares are listed on the stock exchanges in Stockholm, London, Brussels and Frankfurt and on NASDAQ in the U.S.

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