Volvo Takes Success with Carbon-Dioxide-Neutral Trucks to Washington, DC

Regulatory News:

   After the Volvo Group's (Nasdaq:VOLV) (STO:VOLVA) (STO:VOLVB)
notable showcasing of carbon-dioxide-neutral trucks in Stockholm and
Brussels last year, it is now Washington, DC's turn. In conjunction
with the Washington International Renewable Energy Conference (WIREC)
arranged by the US State Department, the Volvo Group will later today
present seven different trucks, all of which can be driven without any
net contribution of carbon dioxide to the atmosphere.

   During the conference, being held from March 4 through 6, the
Volvo Group will display seven different trucks; four Volvo FMs, two
Volvo VNs and a Mack Pinnacle, which are equipped with engines
specifically modified to operate with seven different renewable
fuels/fuel combinations. At combustion in the vehicle, these fuels do
not yield any net contribution of carbon dioxide to the ecocycle and,
consequently, do not affect the climate. In addition to the seven
trucks, Mack will also display a hybrid electric vehicle.

   The aim of WIREC is to highlight the global possibilities and
challenges in the area of renewable energy. WIREC is a continuation of
the environmental conferences held in Bonn in 2004 and Beijing in
2005. Visitors at WIREC include government representatives from 75
countries, politicians and interested parties from business and
academia.

   "The climate issue is global and one for which the transportation
industry has a special responsibility," says Volvo CEO Leif Johansson.
"By participating in WIREC, we gain the opportunity to show the
American public that the Volvo Group is not just part of the problem,
but also a part of the solution."

   In conjunction with the conference, the Volvo Group is arranging a
seminar at which Volvo CEO Leif Johansson. Mack Trucks President Paul
Vikner, Swedish Minister of Industry, Employment and Communications
Maud Olofsson and Andy Karsner, U.S. Department of Energy's Assistant
Secretary for Energy Efficiency and Renewable Energy will participate.
"Volvo has the technology and resources for carbon-dioxide-free
transports, but we cannot do it alone," says Leif Johansson. "We also
need large-scale production of renewable fuels and for this to occur
requires substantial investments in research and development as well
as clear and common guidelines from politicians and government
authorities in as many countries as possible."

   Both the Swedish and American governments are involved in the
effort to develop the technologies that reduce the use of fossil fuels
in the transportation sector. In the autumn, a specific environmental
program developed by the American and Swedish governments, in which
the Volvo Group participated, was presented. The program aims at
reducing the use of fossil fuels through working with projects in the
areas of energy and automotive development. For Volvo, this involves
developing drivelines for heavy vehicles that are adapted to
alternative fuels. The projects are financed by Volvo as well as the
Swedish and US governments.

   For more information regarding alternative fuels, see;
http://www.volvo.com/group/global/en-gb/volvo+group/ourvalues/environm
ent/renewable_fuels/

   (If you are pasting this URL into your browser remove the extra
space which occurs in the word "environment")

   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 16.30 p.m. CET March 5,
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.

   This information was brought to you by Cision
http://newsroom.cision.com
  
    
  
  
    
      Regulatory News:
    
    
      After the Volvo Group’s (Nasdaq:VOLV) 
      (STO:VOLVA) (STO:VOLVB) notable showcasing of carbon-dioxide-neutral 
      trucks in Stockholm and Brussels last year, it is now Washington, DC’s 
      turn. In conjunction with the Washington International Renewable Energy 
      Conference (WIREC) arranged by the US State Department, the Volvo Group 
      will later today present seven different trucks, all of which can be 
      driven without any net contribution of carbon dioxide to the atmosphere.
    
    
      During the conference, being held from March 4 through 6, the Volvo 
      Group will display seven different trucks; four Volvo FMs, two Volvo VNs 
      and a Mack Pinnacle, which are equipped with engines specifically 
      modified to operate with seven different renewable fuels/fuel 
      combinations. At combustion in the vehicle, these fuels do not yield any 
      net contribution of carbon dioxide to the ecocycle and, consequently, do 
      not affect the climate. In addition to the seven trucks, Mack will also 
      display a hybrid electric vehicle.
    
    
      The aim of WIREC is to highlight the global possibilities and challenges 
      in the area of renewable energy. WIREC is a continuation of the 
      environmental conferences held in Bonn in 2004 and Beijing in 2005. 
      Visitors at WIREC include government representatives from 75 countries, 
      politicians and interested parties from business and academia.
    
    
      “The climate issue is global and one for which 
      the transportation industry has a special responsibility,” 
      says Volvo CEO Leif Johansson. “By 
      participating in WIREC, we gain the opportunity to show the American 
      public that the Volvo Group is not just part of the problem, but also a 
      part of the solution.”
    
    
      In conjunction with the conference, the Volvo Group is arranging a 
      seminar at which Volvo CEO Leif Johansson. Mack Trucks President Paul 
      Vikner, Swedish Minister of Industry, Employment and Communications Maud 
      Olofsson and Andy Karsner, U.S. Department of Energy’s 
      Assistant Secretary for Energy Efficiency and Renewable Energy will 
      participate. “Volvo has the technology and 
      resources for carbon-dioxide-free transports, but we cannot do it alone,” 
      says Leif Johansson. “We also need 
      large-scale production of renewable fuels and for this to occur requires 
      substantial investments in research and development as well as clear and 
      common guidelines from politicians and government authorities in as many 
      countries as possible.”
    
    
      Both the Swedish and American governments are involved in the effort to 
      develop the technologies that reduce the use of fossil fuels in the 
      transportation sector. In the autumn, a specific environmental program 
      developed by the American and Swedish governments, in which the Volvo 
      Group participated, was presented. The program aims at reducing the use 
      of fossil fuels through working with projects in the areas of energy and 
      automotive development. For Volvo, this involves developing drivelines 
      for heavy vehicles that are adapted to alternative fuels. The projects 
      are financed by Volvo as well as the Swedish and US governments.
    
    
      For more information regarding alternative fuels, see; http://www.volvo.com/group/global/en-gb/volvo+group/ourvalues/environm 
      ent/renewable_fuels/
    
    
      (If you are pasting this URL into your browser remove the extra space 
      which occurs in the word "environment")
    
    
      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 16.30 p.m. CET March 5, 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.
    
    
      This information was brought to you by Cision http://newsroom.cision.com