Volvo Trucks win Truck of the Year 2000

12/29/1999 4:02 AM EST

VOLVO TRUCKS WIN TRUCK OF THE YEAR 2000

The Volvo FH12 will be crowned 'Truck of the Year 2000' at the Amsterdam
Truck Show. This makes Volvo the first brand to have won the industry's
most prestigious award five times. The FH12 is also the first model to win
the award twice. The FH series was an immediate success when it was
introduced in 1993 and was named Truck of the Year 1994.

The new Volvo FH12's has undergone extensive modifications with a new
driveline, a completely new electrical system, a new chassis with disc
brakes and EBS (Electronic Brake System).
"Numerous tests by the press in Europe have shown that the Volvo FH12 is
not only an extremely comfortable and safe truck to drive, it also
provides its owner with economical operations at the absolute highest
level in Europe" writes the Truck of the Year jury in its opinion.

The jury also writes: "All in all, the majority of the jury feel that the
Volvo FH12 is at present one of the market's most attractive trucks, in no
small part due to the fact that it is a further refinement of an already
well-tested, winning concept of which 150,000 vehicles have been sold up
to now. If its "cousins" VN and FM are included, the figure increases to
a rather sensational 230,000 vehicles".

"We are extremely proud that our new FH12 has once again taken the title
'Truck of the Year'. This honour confirms that we are working with the
right customer values", says Karl-Erling Trogen, President of the Volvo
Truck Corporation in a comment on the award. "It is above all our
customers who I would like to be the real winners - the people who day in
and day out make their living and rely on their efficient FH12 trucks!"

December 29, 1999

For more information, please contact:
Tommy Kohle, Tel: mobile +46-706-76 65 17