Press releases 1998

Presentations by Leif Johansson, President and CEO, Volvo Group and Tuve Johannesson, President, Volvo Car Corporation

As a part of Volvo's strategy to divest non-automotive ownership interests, Volvo today sold half of its holding (9,879,616 shares) in Pharmacia & Upjohn to JP Morgan. The price is USD 42,86 (SEK 334) per share and the total proceeds amount to USD 423,5 M (SEK 3,303 M).

Volvo Car Corporation converts its car radiators

Two Volvo employees, Ingrid Skogsmo and Lennart Johansson, have been

Volvo is the first car manufacturer in modern time to succeed in fitting an in-line, six-cylinder engine transversely in the engine bay. The Volvo S80 will be available with two transverse, six-cylinder engines, with a twin turbo, the T6, with performance on a par with that of a V8, as the most powerful alternative.

The Volvo S80 will set a totally new standard for Volvo when it comes to driving, ride and sound comfort. This is a car that people will drive with delight and travel in as a passenger with pleasure - factors which are absolutely vital in order to compete in this segment.

With the new Volvo S80 2.9, for the european market, Volvo Cars is presenting a new and unique way of presenting the environmental product declarations of cars.

With six unique and important features in terms of the driveline, safety, the environment and communication, the Volvo S80 is the new challenger in the segment combining innovative design, leading safety in world terms and a high technology level to the same degree.

The Volvo S80 is the first car model to be built on Volvo's new large platform. The Volvo S80 is also equipped with a new, sophisticated, network-based electrical system featuring Multiplex technology.