Volvo AB

Renault Mascott to be sold through Volvo dealers i

Renault Mascott to be sold through Volvo dealers in Sweden

The Renault Mascott light duty truck will be marketed to complement the
Volvo truck range in Sweden. Mascott will be distributed through 15 of
Volvo's truck dealer companies, which means that we can offer a full
truck range from 3.5 tons gross vehicle weight. Deliveries will start
early 2003, concentrated to distribution centres throughout the country.
The Renault Mascott range covers 3.5 to 6.5 tons total weight, and is
ideal for light deliveries, municipal service and construction work.

The Renault Mascott has a separate chassis, cabin and front, axle
assemblies, double driving wheels and suspension just like a large
truck. This makes for great flexibility in the vehicle and allows
additional body building opportunities. The cabin provides excellent
vision through its large curved windscreen. Seat belts are fitted and
airbags are optional. The cab is designed with crash deformation zones.
The vehicle has disc brakes as standard on front and rear axles. ABS is
standard in Sweden.

For Sweden, Mascott will be powered by a new, 2.8 litre diesel engine,
rated at 106, 125 and 146 HP. The engine has variable turbocharging,
electronic direct injection via common rail, and high torque at low
revs. It has manual transmission with a five or six-speed gearbox.

Swedish market potential for Light Commercial trucks
The annual Swedish market for light trucks such as the Mascott, trucks
with a separate chassis and cab, is about 6,700 units. Volvo Lastvagnar
Sverige, the Swedish market unit of Volvo Truck Corporation, will with
Mascott concentrate primarily on the heavier segment of 5.5 - 6.5 tons
in this class.

Service for Renault heavy trucks as well
At the same time as introducing the Renault Mascott, Volvo truck dealers
will also offer servicing of the rest of the Renault truck range already
rolling on the Swedish roads.


December 11, 2002

For further information, please contact:
Kjell Stjernlöf, Head of Renault Mascott at Volvo Lastvagnar Sverige AB
Tel: +46 31-66 62 15, or +46 706-30 70 44

Ulf Arensberg, Volvo Lastvagnar Sverige AB, Communications
Tel: +56 31-66 66 50, or +46 705-68 66 33

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 71,000 people, has production facilities in
25 countries and sells their products in more than 185 markets. Annual
sales of the Volvo Group amount to 18 billion euro. The Volvo Group is a
publicly-held company headquarterd in Göteborg, Sweden. Volvo shares are
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