Volvo AB

Truck deliveries - September 2002

TRUCK DELIVERIES - SEPTEMBER 2002

Deliveries from Volvo's 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%

October 24, 2002
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