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Volvo AB (0HTP)

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Thursday 18 November, 2004

Volvo AB

Truck deliveries January-October 2004

Truck deliveries January-October 2004

Total deliveries of trucks from the Volvo Group's three truck companies
increased 22% through October this year, compared with the year-earlier period.
Deliveries from Mack rose 30%, while deliveries from Renault Trucks were up 17%.
Deliveries from Volvo Trucks increased 25% during the period.

"In October we delivered 19,000 trucks, which is the highest number so far. Our
industrial system is working well and we are capable of meeting the strongly
rising demand in a very good way", says Volvo CEO Leif Johansson.

During the past 12 months, order bookings for the Group's truck operations were
42% higher compared with the preceding year. Orders were up 15% in Europe, while
the increase in North America was 101%.

For full report see attachment.

For further information, please contact:

Media Relations:
Bernard Lancelot, Renault Trucks, +33 4 72 96 27 59
Bob Martin, Mack, +1 (610) 709-2670
Claes Claeson, Volvo Trucks, +46 31-66 39 08

Investor Relations:
Fredrik Brunell, AB Volvo, +46 31 66 11 91

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 78,000 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 headquartered in Göteborg, Sweden. Volvo
shares are listed on the stock exchanges in Stockholm, London and on NASDAQ in
the US.                                                                     

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