Press releases 1999

Volvo Trucks' deliveries up to March1999 recorded a total of 19,799 units, an increase of 3 per cent compared with the same period last year. Sales showed the following distribution:

The sale of Volvo Cars and the focus on commercial products results in a changed situation for the Volvo Group's operations in Asia.

Volvo Trucks has today informed the Regional Employment Boards of Västmanlands counties that the company has served notice to a total of 98 employees. The cutbacks are the result of rationalisations and increased co-ordination of new products in combination with a somewhat lower production rate in the coming year.

As previously announced, Volvo requested an advance ruling with regard to the income tax on the sale of shares in Volvo Car Corporation to the Ford Motor Company.

Champion Road Machinery, a subsidiary of Volvo Construction Equipment based in Ontario, Canada, announced today that it had reached separate agreements for the sale of its SuperPac Compaction and Pro-Pav Paving businesses.

AB Volvo today concluded the sale of Volvo Cars to Ford Motor Company. As a result, AB Volvo's shares in Volvo Car Corporation were transferred today to the Ford Motor Company.

Volvo Buses has received an order for thirty-six compressed natural gas-powered (CNG) Volvo B10L buses from the cities of Nancy and Bordeaux. Twenty-one of these will be the first of their kind to be built as articulated vehicles.

Ett helt nytt lastbilsmärke, Mitsubishi Canter, lanseras som komplement till Volvoprogrammet i Sverige. Två modeller, Canter 35 och 70, distribueras genom Volvohandeln, som därigenom kan erbjuda marknaden lastbilar från 3,5 tons totalvikt till 16 ton och däröver. Leveranserna startar till hösten. Canter lämpar sig för lätt distribution, kommunal service och anläggningskörning - tack vare konstruktionen som riktig lastbil med ramar och separat tipphytt.

The parties have signed an agreement in principle, that Volvo Trucks North America will acquire an ownership interest in Petro Stopping Centers. The agreement is designed to improve Volvo Trucks' service availability and exposure along motorways in the USA. This joint venture will enhance Volvo Trucks' opportunity to offer maintenance service round the clock, seven days a week at 50 strategic points along the US motorway network.