Volvo Buses Has Sold Body Plant in Turku

Regulatory News:

   Volvo Buses has sold the body plant in Turku, Finland. The sale is
part of the company's efforts to enhance the efficiency of the
European operations.

   The plant in Turku produces bodies for the Volvo 9700 model. The
Turku plant is the smallest plant within Volvo Buses, primarily
producing for the Nordic markets. During 2007, 160 bodies were
produced.

   The company has determined that it is more efficient to sell the
plant and purchase bodies from the new owner. The new owner will also
continue to, under licence, produce the Volvo 9700 for Nordic
customers. Volvo Buses will keep the commercial responsibility for the
Volvo 9700.

   The buyer consists of a group of private Finnish investors and
managers from Volvo Buses in Finland. The buyers are taking over the
plant, including personnel, as from October 1. Today there are about
300 employees in the plant.

   The divestiture of the assets is made at book value and will not
have a material impact on the earnings or the financial position of
the Volvo Group.

   October 1, 2008

   Volvo Bus Corporation is one of the world's largest manufacturer
of large buses and coaches. The range comprises complete vehicles,
chassis, bus bodies, transport system solutions for metropolitan
traffic, leasing, financing and service contract maintenance. Volvo
Bus Corporation 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. The Group also provides complete solutions for financing
and service.

   This information was brought to you by Cision
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      Regulatory News:
    
    
      Volvo Buses has sold the body plant in Turku, Finland. The sale is part 
      of the company’s efforts to enhance the 
      efficiency of the European operations.
    
    
      The plant in Turku produces bodies for the Volvo 9700 model. The Turku 
      plant is the smallest plant within Volvo Buses, primarily producing for 
      the Nordic markets. During 2007, 160 bodies were produced.
    
    
      The company has determined that it is more efficient to sell the plant 
      and purchase bodies from the new owner. The new owner will also continue 
      to, under licence, produce the Volvo 9700 for Nordic customers. Volvo 
      Buses will keep the commercial responsibility for the Volvo 9700.
    
    
      The buyer consists of a group of private Finnish investors and managers 
      from Volvo Buses in Finland. The buyers are taking over the plant, 
      including personnel, as from October 1. Today there are about 300 
      employees in the plant.
    
    
      The divestiture of the assets is made at book value and will not have a 
      material impact on the earnings or the financial position of the Volvo 
      Group.
    
    
      October 1, 2008
    
    
      Volvo Bus Corporation is one of the world’s 
      largest manufacturer of large buses and coaches. The range comprises 
      complete vehicles, chassis, bus bodies, transport system solutions for 
      metropolitan traffic, leasing, financing and service contract 
      maintenance. Volvo Bus Corporation 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. The Group 
      also provides complete solutions for financing and service.
    
    
      This information was brought to you by Cision http://www.cisionwire.com