Press releases 2003

Ukraine is becoming an increasingly important market for Volvo Penta.

Deliveries of trucks from the Volvo Group to date this year declined 3%, compared with the year-earlier period. Mack Trucks was down 23% and Renault Trucks declined by 7%. However, Volvo Trucks posted an increase of 8%.

Volvo IT has for the first time signed a general agreement directly with the Ford Motor Company.

Volvo Trucks in the UK has received an order for 281 trucks from the Sainsbury’s food retailer chain. Deliveries will begin in the first quarter of 2004.

Volvo Buses is to close its bodybuilding plant in Aabenraa, Denmark. The formal decision was taken yesterday 9 December by the board of Aabenraa Karosseri A/S. In all, about 200 employees will be affected by the closure.

Volvo Aero is a partner in the new LMS100 TM gas turbine that General Electric presented at the Power-Gen 2003 trade show in Las Vegas.

AB Volvo and Volvo Car Corporation have decided to once again be the title sponsors for Volvo Baltic Race in 2004.

Volvo IT and Martinsson Informationssystem have signed an agreement to set up a new and competitive alternative for medium-sized companies looking to outsource IT operations.

Volvo Aero Corporation has been selected as a major contributor to the General Electric Aircraft Engines (GEAE) F414M/MT engine for the EADS Mako trainer.

Volvo Trucks’ American subsidiary – Volvo Trucks North America, Inc – has received an order for slightly more than 4,000 Volvo VN 670s, a tractor version of the VN truck, from Swift Transportation, one of the leading transport companies in North America.