Pressmeddelande

Arrow Truck Sales, Inc announces New President and CEO

2004-08-04

Arrow Truck Sales, Inc, the value leader in pre-owned truck sales in North America, named Carl Heikel as its new president and CEO, effective August 1, 2004.

Mr. Heikel served most recently as managing director of Volvo Trucks de Mexico, a position he held since May 2000. He began his career with Volvo in 1976, in Volvo Construction Equipment’s parts division. Mr. Heikel has held positions over the last 28 years for Volvo Parts Corporation, Volvo del Peru, Volvo do Brasil, and Volvo Truck Corporation. Before taking his current assignment in Mexico, he spent three years as vice president in charge of used truck activity for Volvo Truck Corporation’s European Division. Mr. Heikel attended Stockholm University and Columbia University’s Executive Program in Executive Management.

Headquartered in Kansas City, MO, Arrow Truck Sales, Inc. has 19 locations throughout the US and Canada. Arrow specializes in selling high-quality pre-owned trucks and maintains a diverse inventory of all makes and models, with more than 2,000 medium-duty and heavy-duty trucks. The Arrow website (www.arrowtruck.com) provides customers access to its entire inventory on-line, as well as information about the company and services, plus an on-line credit application.

Arrow Truck Sales is a member of the Volvo Group, a publicly held company headquartered in Gothenburg, Sweden. With annual sales of approximately $22 billion, Volvo's business areas include heavy trucks, buses, construction equipment, marine and industrial drive systems, aerospace, and financial services. In the United States, Volvo shares are listed on NASDAQ and are traded as ADRs (symbol: VOLVY).

US sales facilities:
Atlanta, GA
Chicago, IL
Cincinnati, OH
Columbus, OH
Dallas, TX
Fontana, CA
Houston, TX
Kansas City, MO
Los Angeles, CA
Newark, NJ
Philadelphia, PA
Phoenix, AZ
San Antonio,
St. Louis, MO
Stockton, CA
Tampa, FL

Canadian Facilities:
Calgary, Alberta
Montreal, Quebec
Toronto, Ontario

July, 2004

For more information please contact:
Don Mueller, Director of Marketing & Advertising
Arrow Truck Sales, Inc.
3200 Manchester Trafficway
Kansas City, MO 64129
816.923.5000
dmueller@arrowtruck.com