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Volvo Global Trucks Deliveries, January-July 2001

    GOTHENBURG, Sweden--Aug. 21, 2001--Deliveries from Volvo Global Trucks, which comprises Mack Trucks, Inc., Renault V.I. and Volvo Trucks, during the period January-July 2001 amounted to 91,872 units compared to 107,037 in the same period last year, a decrease of 14%. Order intake was down 11%, of which North America was down 31% and Europe 5% compared to the same period last year.
    "The competitive situation in Europe is becoming increasingly intense. However, order intake for Volvo Global Trucks in Europe during the summer months has been on a relatively good level," says Tryggve Sthen, President and CEO of Volvo Global Trucks. "The situation in North America remains very grave."



Deliveries by market area:

                   2001      2000  +/- %
Market

Europe, total    58 448    61 195     -4
of which

Western Europe   54 457    57 567     -5

Eastern Europe    3 991     3 628     10


North America    21 904    35 296    -38

South America     3 429     2 631     30


Asia              2 535     3 116    -19

Other             5 556     4 799     16

Total            91 872   107 037    -14


Mack Trucks, Inc.

    During the period January-July 2001, deliveries from Mack Trucks amounted to 15,062, which was 32 % fewer than during the same period last year. 14,546 heavy-duty trucks were delivered, and the remaining 516 were medium-duty.
    For the remainder of the year, Mack has currently scheduled additional non-production days at its Winnsboro and Macungie plants as part of its ongoing effort to keep production in close alignment with order intake. Mack continued to see strong sales improvement in South America.



Deliveries by market area:

Market            2001     2000  +/- %

North America   13 853   21 557    -36

South America      686      251    173

Other              523      494      6

Total           15 062   22 302    -32


    Renault V.I.

    Total deliveries for the period January-July 2001 totalled 37,738 vehicles, an increase of almost 3 % compared to the same period last year. More than half of the vehicles delivered were heavy duty, of which the Kerax range increased by 20%. In the medium duty range, deliveries of the Midlum model increased by 16%.



Deliveries by market area:

                   2001     2000  +/- %
Market

Europe, total    34 051   33 509      2
of which

Western Europe   32 463   32 010      1

Eastern Europe    1 588    1 499      6


Other             3 687    3 267     13

Total            37 738   36 776      3


    Volvo Truck Corporation

    During the period January-July, Volvo Trucks delivered a total of 39,072 vehicles, of which 1 312 were Mitsubishi Canter.
    Competition in Western Europe is intensifying. In spite of this, Volvo Truck Corporation's order book has improved somewhat during the summer period.
    Eastern Europe and the Far East remain positive.



	   Deliveries by market area:

                   2001     2000  +/- %
Market

Europe, total    24 395   27 686    -12
of which

Western Europe   21 994   25 557    -14

Eastern Europe    2 401    2 129     13

North America     8 051   13 739    -41

South America     2 743    2 380     15

Asia              2 521    3 112    -19

Other             1 362    1 042     31

Total            39 072   47 959    -19