2009

New generation of diesel engines
The Volvo Group is introducing a new generation of diesel engines with extremely low emissions of air pollutants.
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Volvo Annual General Meeting 2009
The Annual General Meeting of AB Volvo held on April 1, 2009 approved the Board's proposal to pay an ordinary dividend to the shareholders of SEK 2.00 per share.
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Hybrid vehicles from Volvo Group exceed expectations
The Volvo Group's proprietarily developed platform for hybrid operation of heavy vehicles has been installed in several different types of vehicles and has been used to propel the Group's buses in traffic operations in Göteborg, Sweden and London, England.
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New agreement between Mack Trucks and UAW
On May 31, 2009 members of the U.S. trade union, the United Auto Workers, approved a new 40-month Master Agreement with the Volvo Group's subsidiary Mack Trucks.
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Volvo unveils proprietary medium-heavy engine
At Volvo's Capital Market Day in Eskilstuna, Sweden, on June 16, the Volvo Group CEO, Leif Johansson, announced that the Group had developed its own medium-duty engine for trucks and buses scheduled for launch in 2010.
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Volvo Group begins selling trucks that meet EPA2010 emissions standards
On June 23, 2009 it was announced that Volvo Trucks in North America had begun selling vehicles that meet the new US emissions standards, EPA2010, which come into effect in 2010.
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AB Volvo improved its funding capabilities through entry into US bond market
In October, Volvo Treasury AB, a subsidiary of AB Volvo, issued a USD 750 M guaranteed bond offering at an interest rate of 5.95% due 2015
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Volvo and Mack engines first to be certified for near-zero emissions of EPA 2010
In November 2009 it was announced that Volvo Trucks and Mack Trucks were the first truck manufacturers to have their engines certified by the U. S. Environmental Protection Agency and the California Air Resources Board as meeting 2010 diesel emissions standards, the most stringent in the world.
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Volvo receives order for 12 hybrid buses to Norway
On January 8, 2010 it was announced that the operator company Nettbuss had ordered 12 hybrid buses from Volvo Buses for service in Norway, thereby becoming the first company in the Nordic region to implement the hybrid technology commercially. Hybrid buses reduce fuel consumption by as much as 30%.
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Louis Schweitzer new Chairman of AB Volvo
On January 15, 2010 it was announced that Louis Schweitzer, following a request from the Board of Directors, had agreed to take over as the Chairman of Volvo’s Board for the period until the next Annual General Meeting.
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2009