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Drive a Volvo truck, send your child to college. Volvo Trucks to award three “Great Minds” scholarships to students whose parents drive Volvo trucks.

College education is a dream for many students and their parents. Volvo Trucks North America will help three students pay for that dream through its “Volvo Trucks Great Minds” scholarships. The one-year scholarships will be awarded to three deserving students whose parent or guardian drives a Volvo truck.
“Every parent knows the future lives through our children, especially in the trucking industry where so many businesses have strong family ties,” said Scott Kress, Volvo senior vice president – sales & marketing.  “The current economic situation has many families struggling to find a way to pay college expenses.  Our customers help provide Volvo’s future, so we want to help them secure their children’s future through higher education.”

Three Volvo Trucks Great Minds scholarships will be awarded to students who are either already in or will be entering college in Fall 2009.  One scholarship is for  $20,000, the second is for $10,000 and the third is for $5,000.  Volvo will submit payments to the scholarship recipients’ universities over a 12-month period, to be applied to tuition and fees set by the institution. Students will receive half of their payment for the 2009 Fall semester and the remaining half for the 2010 Spring semester.

Eligible students will be evaluated on the basis of their overall academic performance, extracurricular activities, work experience, and an essay on: “What has trucking meant to my family?”  Applications must be submitted by March 27, 2009.  Full details and application forms can be found at www.volvotrucksgreatminds.com.  Results will be announced at the Great American Trucking Show in August, 2009.
 
Volvo Trucks North America’s operations and products are guided by the company’s three core values:  Safety, Quality and Environmental Care.  The Volvo VT, VN and VHD trucks are assembled in the United States at the New River Valley Plant in Dublin, Virginia, while Volvo engines for North America are assembled in Hagerstown, Maryland.  Both plants are certified to ISO14001 environmental and ISO9001 quality standards.  Volvo also sponsors America’s Road Team, a national highway safety outreach program.

Volvo Trucks North America is part of the Volvo Group, one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services, and heavy-diesel engines (9-16 liter). The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. Annual sales of the Volvo Group amount to over $42 billion. The Volvo Group is a publicly-held company headquartered in Gothenburg, Sweden. Volvo Shares are listed on OMX Nordic Exchange Stockholm and are traded OTC in the US.

September 24, 2008

For further information, please contact Jim McNamara, Volvo Trucks North America, phone 336-393-2143, email james.mcnamara@volvo.com

www.volvotrucks.us.com