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Volvo Global Trucks Deliveries, January-May 2001

    STOCKHOLM, Sweden--June 19, 2001--Deliveries from Volvo Global Trucks, which comprises Mack Trucks, Inc., Renault V.I. and Volvo Trucks, during the period January-May 2001 amounted to 68 738 units compared to 77 202 in the same period last year, a decrease of 11%.
    Order intake was down 14%, of which North America was down 30% and Europe 10% compared to the same period last year.
    "The decline in the North American market now appears to be levelling out. We are feeling some effects in the European markets, but we do not expect the situation here to be as grave as in North America," says Tryggve Sthen, President and CEO of Volvo Global Trucks.




Deliveries by market area:

              2001           2000           +/- %
Market                                      

Europe, total 44 216         43 564         1
of which                                    

Western       41 335         41 080         1
Europe                                      

Eastern       2 881          2 484          16
Europe                                      
              

North America 16 475         26 845         -39
                                            
South America 2 495          1 567          59
                                            

Asia          1 856          2 172          -14
                                            
Other         3 696          3 054          21
                                            
Total         68 738         77 202         -11
                                            


Mack Trucks, Inc.
    Deliveries from Mack Trucks, through May 2001 were 33% fewer than during the same period last year. They amounted to 11 311 vehicles, of which 457 (499) were medium-duty.
    Although its sales volume has been affected by the market decline, Mack continued to improve its US market share.



Deliveries by market area:

Market        2001           2000           +/- %
                                            
North America 10 561         16 410         -36
                                            
South America 435            98             344
                                            
Other         315            315            0
                                            
Total         11 311         16 823         -33
                                            


Renault V.I.
    Total deliveries for the period January-May 2001 increased by 8% compared to the same period last year. They amounted to 28 157 trucks, of which 13 997 (11 735) were light and medium duty vehicles.
    The French market remained strong, and deliveries on Eastern European, Middle-Eastern and Northern African markets increased steadily.



Deliveries by market area:

              2001           2000           +/- %
Market                                      

Europe, total 25 614         24 033         7
of which                                    

Western       24 457         23 014         6
Europe                                      

Eastern       1 157          1 019          14
Europe                                      


Other         2 543          2 114          20
                                            
Total         28 157         26 147         8
                                            


Volvo Truck Corporation
    Deliveries of Volvo Trucks during the period January - May totalled 29 270 units, of which 1 027 were Mitsubishi Canter. The total amount of units delivered was 15% fewer than during the same period last year.
    The situation on the North American market remained difficult. Western European markets are declining somewhat, while most Eastern European markets are showing a steady increase in the demand for heavy trucks.



Deliveries in Brazil increased by 53%, totalling 1 911 units.

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

Europe, total 18 602         19 531         -5
of which                                    

Western       16 878         18 066         -7
Europe                                      

Eastern       1 724          1 465          18
Europe                                      

North America 5 914          10 435         -43
                                            
South America 2 060          1 469          40
                                            
Asia          1 853          2 171          -15
                                            
Other         841            626            34
                                            
Total         29 270         34 232         -15