Volvo Trucks secures major order in US

    Volvo Trucks secures major order in US

Volvo Trucks American subsidiary  Volvo Trucks North America, Inc  has
received an order for slightly more than 4,000 Volvo VN 670s, a tractor version
of the VN truck, from Swift Transportation, one of the leading transport
companies in North America. This is the largest single order that Volvo Trucks
North America, Inc. has received for the tractor model of the new VN series.

The transaction is a result of the evaluations of the Volvo VN conducted by
Swift this year and means that Volvo Trucks North America will be the main
supplier of trucks to Swift Transportation for a two-year period, with an option
for up to three years. Production of the trucks will begin in the first quarter
of 2004. Based in Phoenix, Arizona, Swift Transportation Co., Inc. is one of the
largest exchange-listed transport companies in the US.

The VN 670 is Volvos big seller on the American market and is equipped with an
integrated sleeper cab among other features. The tractor trucks Swift is now
ordering will be delivered with Cummins ISX engines and Volvos D-12 engine.

Volvos new VN series was launched slightly more than a year ago and has been
very well received in the North American truck market.

December 5, 2003

For further information, please contact: 
Claes Claeson, Volvo Trucks, [phone] or 0708-36 39 08

Volvo Trucks sells trucks and  transport solutions, specialized in heavy trucks
with total weights above 16 tons. The companys products are marketed in more
than 130 countries. Volvo Trucks is part of the Volvo Group, one of the worlds
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.