Per Carlsson new President of Volvo Trucks North America Division

Per Carlsson new President of Volvo Trucks North America Division

Per Carlsson has been appointed new President and CEO of Volvo Trucks North
America Division. Per Carlsson is today responsible for Volvo Powertrain Sweden
and he will take up his new position on January 1, 2008.

Per Carlsson, 47, has previously held various positions in the Volvo Group.
Prior to his current position at Volvo Powertrain Sweden, he was CFO at Volvo
Trucks. He is succeeding Peter Karlsten.

Starting December 1, Peter Karlsten will take on the position as President and
CEO of Volvo Powertrain. He will also assume the role as Senior Vice President
Technology for the Volvo Group and become a new member of the Group Executive
Committee.
October 23, 2007

For further information, please contact Tommy Kohle, phone +46 - 706 766517 or
Mårten Wikforss, phone +46 - 705 591149.

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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, with a strong global network of 3,000 service points in more than
130 countries. In 2006 Volvo Trucks sold more than 105,000 trucks worldwide.
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.