Press releases 2005

Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, on Friday, February 11, acquired 500,000 series B shares. The shares were traded between SEK 298.50 and 301.50 with an average price of SEK 300.30 and 15,000 series A shares. The shares were traded between SEK 288.50 and 291.50 with an average price of SEK 290.23.

Rotterdam (NED), Portsmouth (UK) and Gothenburg (SWE) were today announced as the last two stopover ports and the finish of the 31,250 nm Volvo Ocean Race 2005-06.

2004 was the best year yet in Volvo Trucks’ history. Deliveries increased by 29 percent to a record-beating 97,264 (75,312). There was considerable demand for heavy trucks on all the major markets in Europe, North and South America and Asia.

The fourth quarter of 2004 ended a successful year for Volvo CE, with the number of machines sold in the year rising 25% to an all time high of almost 30,000 units.

2004 was the best year yet in Volvo Trucks' history. Deliveries increased by 29 percent to a record-beating 97,264 (75,312). There was considerable demand for heavy trucks on all the major markets in Europe, North and South America and Asia.

Volvo Buses has received two orders from the Netherlands’ major bus operator Connexxion totalling 83 Volvo 8700 intercity buses.

The Göteborg Boat Show on February 5-13 is the first opportunity for the Swedish public to see the Volvo Penta IPS – the new drive system for boats that is a sensation in the boating world.

Volvo Trucks has today presented its new flagship truck, Volvo VT 880, to the North American market.  The new truck is designed to meet the distinct needs of the premium owner operator market and is equipped with a new 16-liter engine, which will be assembled in the United States. The total investment is $67 MUSD.

Volvo Truck Corporation confirms that it is one of sixteen parties charged in the criminal trial starting on 31 January 2005, investigating the fire which occurred in the Mont Blanc Tunnel on 24 March 1999 in which 39 people tragically died. The Company regrets that it was a Volvo Truck Model FH12-420hp which was involved in the fire but confirms that there is no indication that the fire was started because of a design or manufacturing fault in the Volvo FH12-420hp truck.

Matter to be addressed at the ordinary shareholders’ meeting of AB Volvo