Volvo Group again ranked as Sweden's most attractive employer among engineering graduates

Volvo Group again ranked as Sweden's most attractive employer among engineering
graduates

Volvo Group again ranked as Sweden's most attractive employer among engineering
graduates
For the second consecutive year, the Volvo Group has been chosen as Sweden's
most attractive employer by the country's young engineers, according to
Universum's annual Career Barometer survey. Strong corporate culture and
international career possibilities are factors differentiating the Volvo Group
from other companies and which contribute to the Group's continued top ranking.


Each year the Universum company conducts the Career Barometer Survey in which it
has young professionals rank Swedish employers. Those who respond are up to 40
years of age and have one to eight years of work experience after completing
university studies. In the 2008 Career Barometer, the Volvo Group is once again
ranked by the country's engineers as Sweden's most attractive employer.

“The ability to attract and recruit people with the right competence is critical
for our business. Accordingly, the competence supply issue is very high on our
agenda. Both the Group management and our units are involved and engaged in our
efforts to be an attractive employer - and against that background, a ranking
such as this one is of course extremely positive,” says Kerstin Renard, Senior
Vice President Human Resources at the Volvo Group.

A total of slightly more than 14,000 persons participated in the survey,
including nearly 5,500 engineers. Factors that the respondents highlighted as
reasons for selecting the Volvo Group included confidence-inspiring management,
strong ethics and high morals, strong corporate culture and financial strength.

“This shows that the Volvo Group's long-term efforts in employee branding and
the efforts that have been made through Volvo's trainee program have paid off.
Furthermore, many young people associate Volvo with an international career,”
says Martin Strömqvist, Vice President, Universum Communications.
Since the Career Barometer survey was first carried out in 2001, the Volvo Group
has placed high each year on the engineers' list, and now for the second
consecutive year, the Group has topped the list.

October 13, 2008

For more information, please contact Daniel Wetterling, AB Volvo, +46 31 322 10
11 or +46 73 902 10 11


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AB Volvo (publ) may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was submitted for
publication at 9.30 a.m. October 8, 2008.


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 100,000 people,
has production facilities in 19 countries and sells their products in more than
180 markets. Annual sales of the Volvo Group amount to about SEK 285 billion.
The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden.
Volvo shares are listed on OMX Nordic Exchange Stockholm.