Press release

Truck deliveries January 2007

2007-02-28

Volvo Group

Total deliveries of trucks from the Volvo Group’s three truck companies decreased 6% in January this year, compared with the year-earlier period. Deliveries from Mack were down 47%, while deliveries from Renault Trucks were down 22%. Deliveries from Volvo Trucks increased 30% compared with the year-earlier period.

Total deliveries by market for the Volvo Group’s truck companies (Mack, Renault Trucks and Volvo Trucks):

Delivered Units	Year-to-Date		Change
Volvo Group	2007	2006
Europé	7 778	7 735	1%
Western Europe	6 633	7 001	-5%
Eastern Europe	1 145	734	56%
North America	4 078	5 197	-22%
South America	652	638	2%
Asia	707	722	-2%
Middle East	434	479	-9%
Other Asia	273	243	12%
Other markets	747	618	21%
Total Volvo Group	13 962	14 910	-6%

Mack
Deliveries from Mack in January totalled 1,623 units, down 47% from the corresponding period a year ago. The pace of Mack's deliveries has slowed due to the downward production adjustment made to meet lower demand in 2007.

Deliveries by market area:

Delivered Units	Year-to-Date		Change
Mack	2007	2006
North America	1 443	2 856	-49%
South America	111	170	-35%
Other markets	69	50	38%
Total Mack	1 623	3 076	-47%

Renault Trucks
Deliveries in January totalled 4,553 trucks, down 22% compared with the year-earlier period. The decrease in deliveries is mainly due to lower deliveries of the Renault Mascott. Deliveries of the new version of Renault Mascott is planned to start by mid-year 2007. The Renault Maxity, launched in the end of January, will see its first deliveries in the second quarter of 2007. Deliveries were also impacted negatively due to ramp-up isssues related to product- and production changeovers.

Deliveries by market area:

Delivered Units	Year-to-Date		Change
Renault Trucks	2007	2006
Europe	3 898	5 089	-23%
Western Europe	3 630	4 715	-23%
Eastern Europe	268	374	-28%
North America	31	34	-9%
South America	106	141	-25%
Asia	145	210	-31%
Middle East	117	203	-42%
Other Asia	28	7	300%
Other markets	373	385	-3%
Total Renault Trucks	4 553	5 859	-22%

Volvo Trucks
Volvo Trucks’ deliveries during January amounted to 7,786 vehicles, up 30% compared with the year-earlier period. In Eastern Europe, the number of deliveries increased by 144%. A high rate of delivery was especially noted in Poland and Russia, where deliveries increased to 207 vehicles (79) and 157 vehicles (45), respectively. In Western Europe, deliveries increased by 31%.
In North America, the deliveries of heavy trucks increased by 13 % to 2,604 vehicles. The positive trend also continued in South America and the number of delivered vehicles totaled 435, a 33% increase.

Deliveries by market area:

Delivered Units	Year-to-Date		Change
Volvo Trucks	2007	2006
Europe	3 880	2 646	47%
Western Europe	3 003	2 286	31%
Eastern Europe	877	360	144%
North America	2 604	2 307	13%
South America	435	327	33%
Asia	562	512	10%
Middle East	317	276	15%
Other Asia	245	236	4%
Other markets	305	183	67%
Total Volvo Trucks	7 786	5 975	30%

February 28, 2007

For further information, please contact:

Media Relations:
Bernard Lancelot, Renault Trucks, +33 (0)4 72 96 58 89
Bob Martin, Mack, +1 (610) 709-2670
Claes Claeson, Volvo Trucks, +46 31-66 39 08

Investor Relations:
Joakim Wahlström, AB Volvo, +46 31 66 11 91
Christer Johansson, AB Volvo, +46 31 66 13 34

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