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Volvo AB (VOL)


Monday 30 September, 2002

Volvo AB

Volvo receives engine approval from U.S. EPA

Volvo receives engine approval from U.S. EPA

Volvo Trucks North America, Inc. today announced the U.S. Environmental
Protection Agency has given permission for Volvo to manufacture and sell
trucks with Volvo's EPA02-compliant VED12 diesel engine after October 1,

"We believe this engine meets all applicable emissions requirements of
the Clean Air Act, EPA's regulations, and the terms of your consent
decree," the agency said in a letter to Volvo. The agency issued Volvo a
conditional certificate, with final certification expected once EPA
completes its formal review process.

"Our testing has shown that when paired with the new Volvo VN highway
tractor, Volvo's VED12 engine will not only meet the new emissions
requirements, but also deliver industry-leading fuel economy and
performance," said Susan Alt, vice president - marketing. "Care for the
environment is a Volvo core value, and we are right on schedule to
satisfy the strong demand for our new EPA02-compliant VN model."

The new Volvo VN series of Class 8 trucks introduced in August are the
industry's only trucks designed to be fully integrated with EPA02-
compliant engines. Operators of the new VN should experience only a 0-2%
decrease in fuel economy with the new engines.
September 30, 2002

For further information, please contact Mårten Wikforss, +46 31 66 11 27

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