Volvo: Truck Deliveries - September 2002


GOTEBORG, Sweden, Oct. 24, 2002 (PRIMEZONE) -- Deliveries from Volvo's (Nasdaq:VOLVY) truck operations, which includes Volvo Trucks, Mack Trucks, Inc., and Renault Trucks, increased by 19% for the month of September, compared with the same month last year. On a year-to-date basis, deliveries amounted to 114,618 trucks, an increase of 1% compared with the same period last year. In Europe, deliveries declined by 4 % while North America increased with 8% compared with the same period last year.

On a 12-month rolling basis, total order intake for the truck brands declined by 2% compared to last year, with Europe at the same level and North America down 9%.

Deliveries by market area:


              Delivered Units     Year-to-Date         Change
Volvo Group                 2002     2001        
Europe                    68,086      70,979             -4%
    Western Europe        62,135      66,057             -6%
    Eastern Europe         5,951       4,922             21%
North America             29,077      26,982              8%
South America              3,952       4,406            -10%
Asia                       6,184       3,955             56%
Other markets              7,319       6,904              6%
Total Volvo Group        114,618     113,226              1%
Mack Trucks, Inc.

Deliveries by market area
              Delivered Units         Year-to-Date        Change
Mack Trucks Inc.                        2002   2001        
Europe                         1            3             -67%
    Western Europe             1                    n.a.
    Eastern Europe                          3            -100%
North America              17,543      16,625               6%
South America                 467         925              -50%
Asia                           10          32              -69%
Other markets                 714         685                4%
Total Mack Trucks Inc.     18,735      18,270                3%

Renault Trucks
Deliveries by market area:
                  Delivered Units       Year-to-Date     Change
Renault Trucks                           2002   2001    
Europe                     41,651      40,836                2%
    Western Europe         39,092      39,011                0%
    Eastern Europe          2,559       1,825               40%
Asia                          272         405              -33%
Other markets               4,584       4,561                1%
Total Renault Trucks       46,507      45,802                2%

Volvo Trucks
 Deliveries by market area:
                 Delivered Units     Year-to-Date      Change
Volvo Trucks                          2002   2001        
Europe                   26,434        30,140             -12%
    Western Europe       23,042        27,046             -15%
    Eastern Europe        3,392         3,094              10%
North America            11,534        10,357              11%
South America             3,485         3,481               0%
Asia                      5,902         3,518              68%
Other markets             2,021         1,658              22%
Total Volvo Trucks       49,376        49,154               0%

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

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The following files are available for download:

http://www.waymaker.net/bitonline/2002/10/24/20021024BIT00180/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/24/20021024BIT00180/wkr0002.pdf