Press releases 2006

The Nordic wholly owned dealer network of Volvo Truck Corporation and the Nordic subsidiary of Nissan Europe, have agreed on conditions to enable the distribution of three of Nissan’s light commercial vehicles through the Volvo Truck Center dealer network

The Volvo Group delivered new record earnings in the third quarter. Sales rose 9% compared with the corresponding quarter in the preceding year.

VISTA 2007 – the world’s biggest competition for workshop personnel – has now commenced. The competition has attracted no less than 12,000 participants from over 1,000 workshops in 68 countries.

Volvo hereby invites the media to a press conference on Tuesday, October 24 in conjunction with the release of the Volvo Group’s report on the third quarter 2006.

AB Volvo has decided to reverse a valuation reserve for deferred tax receivables in the Mack Trucks subsidiary. The decision is based on the fact that Volvo assesses that the company has a long-term higher profitability.

Volvo Buses’ subsidiary Nova Bus has received an order for 126 city buses to TransLink, in Vancouver, Canada. The order is valued at CAD 50.2 M, with delivery during 2007.

Volvo Aero is expanding facilities at its Aero-Craft subsidiary in Newington, Connecticut. The current 40,000-square-foot (3,700-square-meter) plant and office building will be supplemented by an additional 27,000 square feet.

Volvo Aero has formed a partnership with the US engine manufacturer Pratt & Whitney to demonstrate new technology for the aircraft engine of the future, ”Geared Turbofan Technology.”

Volvo Buses and the Indian company Jaico Automobiles (Azad Group) have reached an agreement to start a joint company in India for production of bus bodies based on Volvo Buses’ body technology.

Volvo CE has signed an agreement to make an equity investment of 70% into Shandong Lingong Construction Machinery Co, a major construction machinery manufacturer with a comprehensive dealer network throughout China.