Volvo global trucks deliveries, january-november 2001

12/19/2001 9:55 AM EST

VOLVO GLOBAL TRUCKS DELIVERIES, januarY-NOVEMBER 2001

Deliveries from Volvo Global Trucks, which comprises Mack Trucks, Inc.,
Renault V.I. and Volvo Trucks, during the period January-November 2001
amounted to 141 923 units compared to 169 716 in the same period last
year, a decrease of 16%. Order intake was down 12%. North America was
down 37% and Europe 3% compared to the same period last year.

"As the year is coming to a close, we can see that the North American
market is still not improving. However, Europe remains strong, with the
southern European markets on a very high level. Volvo Global Trucks'
deliveries in South America and in certain key markets in Asia have
increased," says Tryggve Sthen, President and CEO of Volvo Global
Trucks.

Deliveries by market area:
2001 2000 +/- %
Market

Europe, total 90 142 97 935 -8
of which

Western 83 373 91 580 -9
Europe

Eastern 6 769 6 355 7
Europe

North America 31 685 53 473 -41

South America 5 292 4 676 13

Asia 5 736 6 149 -7

Other 9 068 7 483 21

Total 141 923 169 716 -16



Volvo Global Trucks Corporation Telephone WWW
Corporate Communications +46 31 66 70 21
http://www.volvo.com
SE-405 08 Göteborg
Sweden
Mack Trucks, Inc.
Deliveries from Mack for the period January-November 2001 totaled 21 565
vehicles, which was down 35% from the same period last year. Heavy-duty
trucks totaled 20 756 units, and medium duty trucks 809 (compared with 1
225 in 2000).

In response to the continued weakness in the North American truck
market, Mack has announced three down weeks (non-production weeks) at
its Winnsboro assembly facility in South Carolina (December 31 through
January 18), and two down weeks at its Macungie facility in Pennsylvania
(December 31 through January 11).
Deliveries by market area:
Market 2001 2000 +/- %

North America 19 514 31 666 -38

South America 1 130 513 120

Asia 52 13 300

Other 869 849 2

Total 21 565 33 041 -35

Renault V.I.
Renault V.I.'s total deliveries for the January-November period amounted
to
58 702 units, just 1% below last year's total for the same period. Heavy-
duty trucks amounted to 30 006, a decrease of 3%. The Kerax range
continued its strong performance, with sales up by 20% this year.
Renault's deliveries in the light-duty segment grew by 9%, with
deliveries of the Master van rising by 17%.

On the French market, which remained at the same high level as last
year, Renault V.I. delivered a total of 28 236 units. Renault V.I.'s
international sales reported an increase of 8% in deliveries this year.


Deliveries by market area:
2001 2000 +/- %
Market

Europe, total 52 171 53 129 -2
of which

Western 49 593 50 549 -2
Europe

Eastern 2 578 2 580 0
Europe

Asia 525 1 163 -55

Other 6 006 4 859 24

Total 58 702 59 151 -1



Volvo Truck Corporation

During the period January-November, Volvo Truck Corporation delivered a
total of 61 656 vehicles, of which 1 757 were Mitsubishi Canter.

The new generation of Volvo FH and Volvo FM trucks, which were launched
in November, have been extremely well-received. Directly after the New
Year, ramp-up will commence at the Volvo plant in Sweden, and somewhat
later at the plant in Belgium.

Demand for heavy trucks in Europe continues on a high level. There is,
however, some variation in demand between the different markets. Volvo
Trucks has had excellent development on several key markets in Asia,
such as South Korea and China during this year.

Deliveries by market area:
2001 2000 +/- %
Market

Europe, total 37 971 44 806 -15
of which

Western 33 780 41 031 -18
Europe

Eastern 4 191 3 775 11
Europe

North America 12 171 21 807 -44

South America 4 162 4 163 0

Asia 5 159 4 973 4

Other 2 193 1 775 24

Total 61 656 77 524 -20


19 December, 2001

For further information, please contact:

Jennifer Downes, Volvo Global Trucks: tel +46-31-66 70 21
John Mies, Mack Trucks, Inc.: tel +1-610- 709 35 91
Bernard Lancelot, Renault V.I.: tel +33-4-72 96 27 59
Claes Claeson, Volvo Truck Corporation: tel +46-31-66 39 08