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Frame agreement between Renault Trucks and the GAZ Group

AB Volvo's subsidiary Renault Trucks has signed a framework agreement on June 19 granting the GAZ Group of Russia to manufacture the Renault dCi 11 engine under licence.
The engines will be manufactured for the Russian market and the CIS states (Commonwealth of Independent States).

The agreement is subsequent to the agreement in principle that Renault Trucks signed with GAZ Groups subsidiary RusPromAuto in the beginning of February this year. GAZ Group is a Russian automotive group with operations that include the manufacturing of trucks, buses, construction equipment and cars and the aim is to use Renault Trucks' dCi 11 engines in the various vehicles in the Group. In addition to manufacturing under license, the agreement includes purchase of certain manufacturing machinery, the possibility of using the tooling as well as training and education.

June 19, 2006

For further information, please contact Mårten Wikforss +46 31 66 11 27 or +46 705 59 11 49