Truck deliveries - November 2003

12/16/2003 9:09 AM EST

Deliveries of trucks from the Volvo Group to date this year declined 3%,
compared with the year-earlier period. Mack Trucks was down 23% and
Renault Trucks declined by 7%. However, Volvo Trucks posted an increase
of 8%.

On a 12-month rolling basis, total order bookings for the truck brands
were up 3% compared with the preceding year, with Europe 1% lower and
North America down 2%.

Deliveries by market area:

Delivered Units Year-to-Date Change
Volvo Group 2003 2002
Europe 82 560 87 136 -5%
Western Europe 74 093 79 166 -6%
Eastern Europe 8 467 7 970 6%
North America 31 362 34 809 -10%
South America 5 316 4 867 9%
Asia 13 904 8 143 n.a.
Other markets 6 338 8 885 n.a.
Total Volvo Group 139 480 143 840 -3%

Mack Trucks, Inc.
Deliveries by market area:
Delivered Units Year-to-Date Change
Mack Trucks, Inc. 2003 2002
Europe 1 1 n.a.
Western Europe 1 1 n.a.
North America 15 535 20 800 -25%
South America 364 586 -38%
Asia 101 18 461%
Other markets 1 128 883 28%
Total Mack Trucks, 17 129 22 288 -23%
Inc.


Renault Trucks
Deliveries by market area:
Delivered Units Year-to-Date Change
Renault Trucks 2003 2002
Europe 48 069 52 568 -9%
Western Europe 44 260 49 116 -10%
Eastern Europe 3 809 3 452 10%
North America 332 n.a.
South America 186 n.a.
Asia 3 163 345 n.a.
Other markets 2 571 5 651 n.a.
Total Renault 54 321 58 564 -7%
Trucks

Volvo Trucks
Deliveries by market area:

Delivered Units Year-to-Date Change
Volvo Trucks 2003 2002
Europe 34 490 34 567 0%
Western Europe 29 832 30 049 -1%
Eastern Europe 4 658 4 518 3%
North America 15 495 14 009 11%
South America 4 766 4 281 11%
Asia 10 640 7 780 37%
Other markets 2 639 2 351 12%
Total Volvo Trucks 68 030 62 988 8%


December 16, 2003

For further information, contact:
Media Relations:
Bernard Lancelot, Renault Trucks, +33 4 72 96 27 59
Bob Martin, Mack Trucks, Inc. +1 (610) 709-2670
Tommy Kohle, Volvo Truck Corporation, +46 31 66 65 17, +46 70 67 66 517
Investor Relations:
Fredrik Brunell, AB Volvo, +46 31 66 11 91




Volvo Trucks sells trucks and transport solutions, specialized in heavy trucks with total weights above 16 tons. The company's products are marketed in more than 130 countries. Volvo Trucks is part of the Volvo Group, 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.