Press releases 2001

The Board of Directors of AB Volvo has on February 1, 2001, decided to repurchase up to 10 percent of the Company's shares, whereof 5 percent has been transferred to Renault S.A. as final payment for Mack Trucks and Renault V.I.

The Board of Directors of AB Volvo has on February 1, 2001, decided to repurchase up to 10 percent of the Company's shares, whereof 5 percent has been transferred to Renault S.A. as final payment for Mack Trucks and Renault V.I.

Volvo recently delivered the last of 77 articulated buses ordered by TPG, the public transport authority in Geneva, Switzerland. As one of the biggest orders for city buses secured by Volvo Buses in 2000, the contract also represents a major breakthrough for Volvo in the city.

The Board of Directors of AB Volvo has on February 1, 2001, decided to repurchase up to 10 percent of the Company's shares, whereof 5 percent has been transferred to Renault S.A. as final payment for Mack Trucks and Renault V.I.

The Board of Directors of AB Volvo has on February 1, 2001, decided to repurchase up to 10 percent of the Company's shares, whereof 5 percent has been transferred to Renault S.A. as final payment for Mack Trucks and Renault V.I.

Deliveries from Volvo Trucks in January 2001 totalled 5 294 trucks, and distributed as follows:

The Volvo Bus Corporation and TWR Sweden have successfully jointly developed a new cutting-edge welding and processing technique for manufacturing the stainless steel frame for the Volvo Bus Corporation's recently launched TX platform. When the new bus goes into large-scale production, the Volvo Bus Corporation will acquire TWR's share of the jointly owned company Omninova Technologies AB in Uddevalla, Sweden.

AB Volvo has today, February 9 2001, transferred to Renault S.A. 6,930,248 Series A Volvo shares and 15,145,797 Series B Volvo shares as final payment for 100 percent of the shares in Renault V.I/Mack, Renault's truck business.

AB Volvo has now combined all of its finance-related operation into a new business area: Volvo Financial Services.

Volvia today reached an agreement covering the divestment of its insurance operations. The buyer is the If insurance company, with which Volvia currently has close cooperation. The purchase price for the operations amounts to SEK 562 M.