Press releases 1999

Volvo Aero har fått en order på komponenter till flygmotorer från General Electrics leasingbolag GECAS, värd drygt 200 miljoner kronor. I dagarna har det också blivit klart med en beställning på komponenter till 100 CFM-56-motorer, värda cirka 50 miljoner kronor.

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.

Volvo Aero has secured its first major order for software systems. The company has been selected as the supplier of a new maintenance and planning system, Maintenix. The purchaser is the U.S. company DynCorp, which intends to use the system to enhance the efficiency of maintenance on the U.S. Army's C-12 aircraft.

Volvo has received an order for 1,500 F12 kits from Iran. The value of the

Volvo Aero Corporation has secured an order from General Electric for 600 LPT Case components. The total value of the order is approximately SEK 300 million.

Volvo Trucks' deliveries up to November 1999 recorded a total of 76,815 units. Sales showed the following distribution:

Volvo is the most economical heavy truck in Europe, according to the Trans Euro Test - the Millennium Challenge.

Swedish engineering group Finnveden and Volvo Aero have reached an agreement in principle whereby Finnveden will acquire the Truck Engine Parts Division within Volvo Aero, with approximately 200 employees.

Volvo and Mitsubishi Motors Corporation have signed a final agreement covering the establishment of a strategic alliance between the companies in accordance with the letter of intent publicized in October this year

The Council for Advance Tax Rulings has issued an advance ruling concerning the public offer made by AB Volvo ("Volvo") to shareholders in Scania AB ("Scania"). Under this advance ruling, which has acquired force of law, shareholders who exchange shares in Scania for shares in Volvo are entitled to deferment on taxation of the capital gain on these shares. Deferment of these shares also applies to shareholders who decide to sell part of their Scania holding for cash.