Press releases 2000

With the new Volvo FL, which has been developed for city distribution operations, service duties and light construction haulage, Volvo Trucks is taking a major step forward in key areas such as safety and environmental care.

The Annual General Meeting of AB Volvo held on April 26 approved the Board of Directors' proposal that a dividend of SEK 7.00 per share be paid to shareholders, a total of SEK 3,090,646,195. The record date for receipt of dividends was set at May 2, 2000. The dividends will be distributed to shareholders through VPC (the Swedish Securities Register Center) on May 5, 2000.

AB Volvo and Renault hereby invite you to a press conference/analysts meeting in Stockholm today, Tuesday, April 25 at 16.00 hours.

AB Volvo and Renault have concluded discussions on a proposed Memorandum of Understanding whereby Volvo will exchange 15 percent of its shares for 100 percent of the shares in Renault's truck business, Renault VI/Mack.

Volvo's new D-series wheel loaders combine increased performance and improved operator comfort to provide higher productivity and lower operating costs while minimizing environmental impact.

Volvo Lastvagnars leveranser under januari - februari 2000 uppgick till 11.317 lastbilar, och fördelade sig enligt följande:

Volvo Trucks' deliveries during January - February 2000 amounted to a total of 11,317 units. Sales showed the following distribution:

Yesterday, Dr Ernesto Zedillo, the President of Mexico, officially opened Volvo Buses' new expanded plant in Tultitlán, outside Mexico City. At the same time, the first Volvo 7550 coaches produced in Mexico were delivered to Grupo Toluca and Flecha Amarilla, Mexico's leading intercity bus operators.

The EU Commission today rejected Volvo's application for competition approval of Volvo's proposed acquisition of Scania. This means that Volvo does not have the possibility to complete the acquisition of Investor's Scania shares and the public offer to Scania's shareholders.