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Volvo AB (VOL)

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Friday 07 February, 2003

Volvo AB

Truck deliveries - December 2002

TRUCK DELIVERIES - december 2002

Deliveries from Volvo's truck operations, which includes Volvo Trucks,
Mack Trucks, Inc. and Renault Trucks, declined by 1% for the month of
December, compared with the same month last year. For the full year
2002, deliveries amounted to 157,133 trucks, an increase of 1% compared
with 2001. In Europe, deliveries declined by 2% while North America
posted a 5% increase compared with 2001.

On a 12-month rolling basis, total order bookings for the truck brands
was 3% higher than last year, with Europe at the same level and North
America up 10%.

Deliveries by market area:

Delivered Units               Year-to-Date         Change
Volvo Group                      2002      2001 
Europe                         96,289    98,041         -2%
 Western Europe                87,486    90,460         -3%
 Eastern Europe                 8,803     7,581         16%
North America                  36,515    34,645          5%
South America                   5,358     5,789         -7%
Asia                            9,144     6,603         38%
Other markets                   9,827    10,233         -4%
Total Volvo Group             157,133   155,311          1%



Mack Trucks, Inc.
Deliveries by market area:
                              Year-to-Date         Change
Delivered Units
Mack Trucks Inc.                 2002      2001 
Europe                              2         6        -67%
 Western Europe                     2                   n.a.
 Eastern Europe                                6        n.a.
North America                  21,615    21,629          0%
South America                     619     1,169        -47%
Asia                               19        64        -70%
Other markets                     990       927          7%
Total Mack Trucks Inc.         23,245    23,795         -2%


Renault Trucks
Deliveries by market area:
                              Year-to-Date         Change
Delivered Units
Renault Trucks                   2002      2001 
Europe                         57,717    56,726          2%
 Western Europe                53,817    53,816          0%
 Eastern Europe                 3,900     2,910         34%
Asia                              416       559        -26%
Other markets                   6,272     6,962        -10%
Total Renault Trucks           64,405    64,247          0%


Volvo Trucks

Deliveries by market area:
                              Year-to-Date         Change
Delivered Units
Volvo Trucks                     2002      2001 
Europe                         38,570    41,309         -7%
 Western Europe                33,667    36,644         -8%
 Eastern Europe                 4,903     4,665          5%
North America                  14,900    13,016         14%
South America                   4,739     4,620          3%
Asia                            8,709     5,980         46%
Other markets                   2,565     2,344          9%
Total Volvo Trucks             69,483    67,269          3%


February 7, 2003

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, +46 708-36 39
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