The Volvo Group Invests in New Concept for Emissions Resulting from Function Tests

Regulatory News:

   The Volvo Group (NASDAQ:VOLV) (STO:VOLVA) (STO:VOLVB) is investing
slightly more than SEK 330 M in a new concept for reducing emissions
and improving quality in connection with the function testing of newly
produced engines. Use of the new technology will reduce emissions by
approximately 85 percent.

   The concept has been tested for about a year at the Volvo Group's
engine-production plant in Curitiba, Brazil. The new technology
enables safer and more efficient quality assurance of new engines.
While it previously took about 30 minutes to check all functions
during testing, the new method generates the same results
significantly faster and with greater precision.

   With leading-edge evaluation methods in the background, this brief
engine test provides complete information about functionality. At the
same time, emissions of nitrous oxides and other harmful substances
from the plant are reduced by 85 percent.

   During 2008, the new technology will be introduced at the
engine-production plants in Skovde, Sweden, and Hagerstown, Maryland
in the US. In 2009, the equipment will be installed at all of the
Volvo Group's engine plants worldwide. The investment also comprises
upgrading and improving quality assurance of the assembly process in
engine production.

   March 4, 2008

   The Volvo Group is one of the world's leading manufacturers of
trucks, buses and construction equipment, drive systems for marine and
industrial applications, aerospace components and services. 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 about SEK 285 billion. The
Volvo Group is a publicly-held company headquartered in Goteborg,
Sweden. Volvo shares are listed on OMX Nordic Exchange Stockholm.

   Visit http://www.thenewsmarket.com/volvogroup to access
broadcast-standard video from Volvo Group. You can preview and request
video, and choose to receive as a MPEG2 file or by Beta SP tape.
Registration and video is free to the media.

   AB Volvo (publ) may be required to disclose the information
provided herein pursuant to the Securities Markets Act. The
information was submitted for publication at 13.30 p.m. March 4, 2008.

   This information was brought to you by Cision
http://newsroom.cision.com
  
    
  
  
    
      Regulatory News:
    
    
      The Volvo Group (NASDAQ:VOLV) (STO:VOLVA) (STO:VOLVB) is investing 
      slightly more than SEK 330 M in a new concept for reducing emissions and 
      improving quality in connection with the function testing of newly 
      produced engines. Use of the new technology will reduce emissions by 
      approximately 85 percent.
    
    
      The concept has been tested for about a year at the Volvo Group’s 
      engine-production plant in Curitiba, Brazil. The new technology enables 
      safer and more efficient quality assurance of new engines. While it 
      previously took about 30 minutes to check all functions during testing, 
      the new method generates the same results significantly faster and with 
      greater precision.
    
    
      With leading-edge evaluation methods in the background, this brief 
      engine test provides complete information about functionality. At the 
      same time, emissions of nitrous oxides and other harmful substances from 
      the plant are reduced by 85 percent.
    
    
      During 2008, the new technology will be introduced at the 
      engine-production plants in Skövde, Sweden, 
      and Hagerstown, Maryland in the US. In 2009, the equipment will be 
      installed at all of the Volvo Group’s engine 
      plants worldwide. The investment also comprises upgrading and improving 
      quality assurance of the assembly process in engine production.
    
    
      March 4, 2008
    
    
      The Volvo Group is one of the world’s leading 
      manufacturers of trucks, buses and construction equipment, drive systems 
      for marine and industrial applications, aerospace components and 
      services. 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 about SEK 
      285 billion. The Volvo Group is a publicly-held company headquartered in 
      Göteborg, Sweden. Volvo shares are listed on 
      OMX Nordic Exchange Stockholm.
    
    
      Visit http://www.thenewsmarket.com/volvogroup 
      to access broadcast-standard video from Volvo Group. You can preview and 
      request video, and choose to receive as a MPEG2 file or by Beta SP tape. 
      Registration and video is free to the media.
    
    
      AB Volvo (publ) may be required to disclose the information provided 
      herein pursuant to the Securities Markets Act. The information was 
      submitted for publication at 13.30 p.m. March 4, 2008.
    
    
      This information was brought to you by Cision http://newsroom.cision.com