VOLVO BUS CORPORATION

COMPANY PRESENTATION 2004

2Contents

04 Customers who choose Volvo will be the most satisfied customers on the market. CEOs statement.

06 Responsible business practiceAs one of the worlds leading manufacturers of large buses, Volvo Buses plays an important role in promoting a safer and cleaner traffic environment.

08 A strong total offerVolvo Buses basic aim has always been to produce high-qual-ity products that meet our customers demands for passenger comfort, driving safety and low cost of ownership.

10 Products and servicesVolvo Buses has an extensive product programme for city buses, intercity buses and tourist coaches, and a wide range of financing, servicing, aftermarket and traffic information services.

14 Global productionVolvo Buses produces and sells buses and bus chassis world-wide.

16 A look backTrucks and buses with the Volvo emblem have been sold since 1928.

18 Consolidated strengthThe Volvo Group is one of the worlds leading suppliers of com-mercial transport solutions. The coordination of our affiliated companies R&D activities generates exciting opportunities.

COVER PHOTOGRAPH: VOLVO 9700, VOLVO BUSES HEAD OFFICE, GOTHENBURG, SWEDEN

3Our mission:

We create customer value through our complete offer with superior quality, safety and environmental care for demanding customers in selected markets.

We work with commitment, energy, passion and respect for the individual.

Volvo Buses is the worlds second-largest manufacturer of buses and bus chassis. The Companys product

programme comprises city buses, intercity buses and tourist coaches, and supplementary services in the

areas of financing, servicing, vehicle diagnostics and traffic information systems. Volvo Buses has approxi-

mately 6 700 employees worldwide, with production activities in Europe, North and South America, Asia

and Africa. The head office is in Gothenburg, where product planning and product development are primarily

concentrated. Volvo Buses also has a wide-ranging distributor network for aftermarket services with servic-

ing and spare parts distribution at 1 200 workshops located in over 80 countries.

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5Customers who choose Volvo will be the most satisfied customers on the market

Competition in the public transport market is tougher than ever. This has lead to increasing demands for

vehicle quality, service contact, flexibility and low cost of ownership. Simultaneously, there is a growing

need for new system solutions and services that increase operators profitability and competitiveness.

Naturally, Volvo Buses future growth largely depends on our ability to enhance our customers success.

This means that constantly updated knowledge of the conditions our customers face is a basic criterion

when developing new products and services.

To better meet customer needs, we have upgraded almost all our products over the past few years.

Today, our product programme is one of the broadest and most up-to-date in the industry, comprising

city buses, intercity buses and tourist coaches. Volvo Buses is well-positioned for future advances in

engine technology to meet the markets high demands for efficiency and environmental care. We have

also upgraded our spare parts, financing and servicing programme, and now provide wide-ranging total

solutions for customers who prefer to focus completely on their core activities. We collaborate with Volvos

truck units to develop a top-class global service network with solid know-how regarding buses.

Volvo Buses has strong global presence and operates virtually worldwide. Our activities comprise sales

and services, and in many cases also manufacturing. To meet specific local needs and demands, we

have strong local representation on our individual markets.

Demand has been weak throughout the bus industry for some time. This poses new challenges for both

operators and manufacturers, and requires extra efforts from all those involved. I am confident that Volvo

Buses has all the resources and factors needed to lay the ground for long-term success. I will continue

to work untiringly to promote the development of our products and services in close consultation with

customers worldwide, thus enhancing our customers competitiveness. Our goal is clear: Customers

who choose Volvo will be the most satisfied customers on the market.

Hkan Karlsson

CEO, Volvo Buses AB

6Responsible business practice

Today, buses account for a large proportion of public transport. As one of the worlds leading manu-

facturers of large buses, with solid, long-standing traditions in promoting traffic safety, we play an im-

portant role in shaping safer traffic environments. We aim to supply reliable products and services that

minimise the risks and consequences of accidents when our products are used. We also actively work

to minimise emissions and fuel consumption, thus reducing environmental pollution from our buses.

We aim to be leaders in customer satisfaction. We maintain ongoing contact with our customers to

monitor how they perceive us, what we do well and what we can improve. Our key values quality,

safety and environmental care form the basis for our product development and the way we serve our

customers and society.

Safety has long been a central issue for Volvo Buses. Our safety efforts are based on many years of ex-

perience and know-how, and are primarily aimed at minimising accident risk. Consequently, the drivers

workplace is a key concern in the planning and production of Volvos buses. An ergonomic workplace

with optimum scope for vehicle control reduces accident risk and increases the safety of passengers

and other road users.

Volvos environmental programme is based on sustainability throughout the buss entire life cycle,

spanning design, production, use, servicing and recycling. Approximately 90% of the total environmen-

tal impact of a traditional diesel bus arises from its use. To reduce emissions and fuel consumption,

we have developed new technologies such as turbocharging, intercooling and individual injection, thus

cutting harmful substances in exhaust fumes by up to 85% in the past 20 years. We have also reduced

fuel consumption and carbon dioxide emissions for heavy buses by roughly 30%. Our latest develop-

ment for aftertreatment of exhaust gases can already meet the Euro 5 standard, which will take effect

in the EU in 2008-2009.

Alternative fuels. Volvo Buses invests heavily in developing vehicles for alternative fuels, and is one

of Europes leading manufacturers of natural gas and biogas buses. We are field-testing buses with

combined gas and battery operation that can be driven completely emission-free for short distances.

We also conduct extensive research in DME (dimethyl ether), the most promising fuel for substituting

conventional diesel. DME-powered buses could enter the market in just a couple of years. DME can be

used in an ordinary diesel engine with a new fuel injection system, producing the same performance

with dramatically reduced emissions. DME is seen as the most energy-efficient future biofuel from well

to wheel.

7Active and passive safety. Volvo is a global leader in safety, for instance through our systems for preventing accidents and mini-mising injury in connection with accidents. Our main preventative safety features are ex-cellent driving properties, high road stability and powerful brakes. Stronger bus bodies, seatbelts and protective interiors reduce risk of passenger injury on collision. In our traf-fic safety work, we constantly aim to learn from accidents on the roads. Volvo has been researching traffic accidents since the early 1970s, and the findings are used in our de-velopment of vehicles and systems.

Our driving safety features include: Elec-tronic Stability Program, disc brakes, inte-grated hydraulic retarders, high visibility, op-timum climate in the driver area, ergonomic drivers seat and cameras for monitoring doors and the space behind the bus.

Our collision safety features include: col-lapsible steering wheel, roll-tested body structure, frontal collision protection, seat-belts for driver and passengers, and interiors without sharp or protruding objects and edges.

Safer future. Volvo actively works to develop new safety solutions. One example is ACC (Adaptive Cruise Control), a cruise control with sensors that automatically adapt the buss speed to the vehicle ahead. Another example is Lane Tracking, a system that warns the driver if the bus accidentally swerves outside the driving lane.

ESP. The safety of Volvos buses is fur-ther improved with Volvos electronically controlled disc brakes, which can now be supplemented with ESP, Volvos Electronic Stability Program. This sys-tem reduces the risk of overturning or veering off the road, for instance during skids. The systems sensors monitor the vehicles movements and read parameters such as lateral accelera-tion, steering wheel displacement and wheel speed. This information is used to individually activate and adjust each wheels brake pressure. Speed can also be reduced, if necessary, to minimise the risk of overturning. The system also allows easy diagnosis of the brake func-tions. Data regarding pressure, wear etc. can easily be obtained through the buss information system.

8A strong total offer

Volvo Buses provides one of the best product ranges in the industry today, comprising newly developed

products, a global service network, an efficient spare parts service and traffic information systems.

Innovative product programme. In less than four years, we have upgraded our entire product pro-

gramme. Most of our bus models are based on TX, the Companys product platform for intercity buses

and tourist coaches, introduced in 2000. The TX was the largest industrial project in Volvo Buses

history, and has raised our products to a completely new level of technology and quality. Through the

TX platform, Volvo can satisfy customers flexibility requirements and the need for cost-effective, large-

scale production with high component compatibility. The introduction of the TX platform has thus al-

lowed us to significantly reduce the number of components in production. The benefits are seen at all

stages, from procurement, production and warehousing to distribution and service.

High reliability. Volvo Buses has an excellent reputation based on high reliability. Volvo Buses has

always focused on producing high-quality products that meet customers demands for passenger com-

fort, driving safety and low cost of ownership. Volvo Buses collaborates closely with customers and

suppliers to meet future quality requirements. A high level of quality is achieved by assuring the quality

of each individual link in the chain.

Outstanding customer support. Volvo meets the markets demands for service contact by constantly

improving its buses, and through a service network comprising 1 200 workshops in over 80 countries.

In Europe, Volvo Buses is further expanding its service organisation by establishing Volvo Bus Service

Centers, which assist customers with all problems regarding our vehicles. In the event of unexpected

standstills, the Volvo Action Service provides round-the-clock assistance. Our distribution of spare

parts will be rationalised through the harmonisation of components for our various bus models. A

number of technical improvements have led to increased service and maintenance intervals for the

latest bus models. Operations are becoming faster and simpler thanks to new technical solutions, not

least computerised diagnosis.

Financial services. Volvo Buses also provides a wide range of financial services to provide customised

transport solutions with optimum cost of ownership. For instance, we offer customers various leasing

and service agreements.

Traffic information systems. To rationalise public transport in big cities, Volvo Buses provides tailored

traffic control, travel information and vehicle management solutions.

9Volvo Sound & Vision is a modern, top-quality audio and video package available as supplementary equipment, primarily for tourist coaches. A simpler audio package with an intelligent announcement system is available for intercity and city buses, and is specially adapted to the acoustic conditions in buses. The specially devel-oped speakers provide clear stereo sound throughout the bus, and can be supple-mented with subwoofers for added dynam-ics. The video equipment comes with a DVD or VHS player with flat TFT screens.

The TX platform provides advantages such as simpler and better servicing with longer oil change intervals and more main-tenance-free points. The engine used is a new, powerful, fuel-efficient 12-litre engine with excellent environmental properties. The chassis frame has high torsional rigid-ity, and is made of stainless steel for a long life. A new truss design combines high stability with low weight. A new electronic system, Bus Electronic Architecture (BEA) provides safer communication between the components and increased opportuni-ties for diagnosis and obtaining important vehicle data. The independent front sus-pension provides optimum comfort and high wheel travel. Volvos new, patented, electronically controlled brake system and disc brakes are standard.

Volvo I-Shift is a new automated manual gearbox with perfect synchro-

nisation between engine and electron-

ics for optimum driveability. Thanks

to a new IT solution, the gearbox has

unique control properties, putting it in

a league of its own among automated

manual gearboxes. Besides improv-

ing driving comfort and safety, Volvo

I-Shift cuts fuel consumption thanks to

its optimum gear change, light weight

and low internal friction losses. I-Shift

can be set to various driving properties

and used in two modes economy and

performance which the driver selects

with the gear lever. The driver can

change the gears manually if necessary.

The gearbox works with the buss brake

system and retarder for optimum brak-

ing power.

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Products and services

Over the past ten years, Volvo Buses has evolved from the manufacturer of a few bus chassis models into the

worlds second-largest bus supplier. We are constantly launching new models for all types of bus transport.

Intercity buses and tourist coaches. Volvos broad programme for intercity and tourist traffic is based on a

number of flexible basic models with high comfort, strong performance and excellent driving properties. The

Volvo 8500, Volvo 8700, Volvo 9700 and Volvo 9900 are all based on the TX platform. The Volvo 8500 and

Volvo 8700 also come in low-entry versions. The buses characteristics include an attractive, modern design,

high comfort and security, and good stability and road grip. They use Volvos latest electronically controlled 12-

litre diesel engine with highly competitive fuel consumption and low emission levels. The Volvo 9300, based

on Volvos new 9-litre engine, was recently launched in Mexico. Volvo produces luxury tourist coaches in North

America in partnership with Prvost Car.

Chassis. All Volvos bus models can be supplied as a chassis for bodying by external local coachbuilders.

One example is the Volvo B7R, one of Volvo Buses bestsellers. The Volvo B7R has a robust, simple design

and exceptional operational reliability. Its chassis is extremely flexible and is used for city, intercity and tourist

traffic worldwide.

VOLVO 9700

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Quality on an expanding market. Ap-proximately 70% of Indias population travel

regularly by bus. Volvo Buses in India has

flourished since it started in 2001. In less

than two years, 300 air-conditioned luxury

buses have been introduced on the roads.

With the Volvo B7R, Volvo has introduced

a total concept combining performance, ap-

pearance, safety and comfort.

Private bus transport companies that

started off with one or two buses have now

expanded, and many are building up bus

fleets comprising only of Volvo buses. These

companies base their branding on Volvos

buses and the quality transport they provide.

They are relying more on the quality of their

Volvo buses, thus increasing the number of

services on popular bus routes.

In 2004, Volvo Buses will expand its busi-

ness in northern India, as well as increasing

its export of luxury intercity buses to Bang-

ladesh.

Market leader in Norway. Express bus traffic is widespread in

Norway. This is largely due to a significant increase in charter

traffic in recent years. Express buses have captured a large

market share from trains because of their flexibility. Volvo Bus-

es Norwegian customers include small bus companies, which

buy approximately one bus every two years, as well as large

bus partnerships that collaborate over the purchase of buses

and spare parts. One of the larger partnerships is Nettbuss,

which operates in Norway and Sweden with a total fleet of

2,300 buses. Over half of these are Volvo buses. Volvo Buses

lead the market in Norway, with an approximate market share of

50%. In 2003, Volvo Buses supplied 204 buses to Norway, out

of a total market of 428.

VOLVO B10M, NORWAY

VOLVO B7R, INDIA

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City buses. Volvos city buses have a low floor and low entry point, facilitating and speeding up entry and

exit. The Volvo 7500 and Volvo 7700 are well adapted to current urban traffic regulations, with a flat, step-

less floor through the whole bus. This also facilitates entry and exit for disabled passengers and parents with

prams. Volvo Buses range of city buses includes the Volvo Olympian, one of the worlds best-selling double

deckers. We also have a wide range of articulated buses. These buses double the buss passenger capacity,

creating both financial and environmental benefits. Volvo is also a European leader in gas-powered buses.

Intelligent transport systems. Volvo Buses provides traffic control and information systems based on its

telematic unit, Mobility Systems, to rationalise public transport, shorten travel times and increase punctu-

ality. ITS4mobility is a module-based, real-time system that can be tailored to the customers needs. The

system has functions for vehicle and fleet monitoring, traffic control, and real-time passenger information

on departures, delays etc. The system is provided factory-fitted in Volvos buses and for later assembly in

mixed fleets.

Bus Rapid Transport (BRT). Volvo Buses has long experience of system solutions for urban public trans-

port. Bus Rapid Transport, an innovative, efficient transport system with separate traffic routes and entry and

exit platforms, was introduced in Bogot, Colombia in 2001. The system combines innovative technology

with past experience of similar solutions, for instance in Curitiba, Brazil. Volvo supplied most of the buses.

BUS RAPID TRANSPORT (BRT), BOGOT, COLOMBIA VOLVO 8500, DENMARK

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Gas buses. Volvo Buses range of gas buses includes complete buses and chassis for

further bodywork. Our complete buses in-

clude the Volvo 5000, Volvo 7000 and Volvo

8500 Low Entry. A bus using our gas engine,

running on Natural gas or Bio-Methane, pro-

duces low emissions combined with high per-

formance, on average equalling that of Volvos

diesel engines.

Our first two gas-powered buses were

supplied in 1992. Since then, Volvo Buses

has manufactured approximately 1 000 gas-

powered buses. The emission values have

been reduced dramatically compared to

earlier gas engine models. Volvos gas engine

already meets the Nitrogen oxide limits for

the Euro 4 standard (to take effect in 2006)

by a substantial margin. It already meets the

Euro 5 levels for particles, carbon monoxide

and hydrocarbons.

Double deckers in Hong Kong. The worlds largest double decker bus op-

erator is Kowloon Motor Bus Company

(KMB) of Hong Kong. In spring 2004,

when it celebrated its 70th anniversary,

KMB extended its fleet with 100 Volvo

Olympian 3-axle double deckers. Custom-

ers are delighted with the new buses.

The buses are specially adapted to meet

Hong Kongs high passenger loads. They

hold a maximum of 126 passengers, with

53 seats on the upper deck and 28 on the

lower deck.

VOLVO OLYMPIAN, HONG KONG

VOLVO 5000 GAS BUS, SWEDEN

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Global production

Volvo Buses is a worldwide producer. Its modern plants produce complete buses and chassis to meet both

local and regional demands. Our production fulfills the Volvo Groups global standards, and is characterised

by excellent quality and working environment.

Our plant in Bors, Sweden has been producing bus chassis since the late 1970s. It is one of the Compa-

nys main production plants, and the one with the highest production capacity. In China, tourist coaches are

produced through a joint venture with Xian Silver Bus Corporation, initiated in 1994. In 2000, Volvo Buses

initiated another joint venture in China, Shanghai Sunwin Bus Corporation, for the production of city buses.

In 2002, Sunwin signed a contract for 1 000 city buses with one of Shanghais leading bus operators. Sun-

win also signed a framework agreement with Shanghais second-largest operator for the supply of 2 010

city buses over a five-year period. The upgrading of our factory in Mexico gives Volvo Buses an efficient base

for the production and sale of tourist coaches in the region. Volvos factory in Curitiba, Brazil produces bus

chassis and trucks. Volvo Buses also produces tourist bus chassis in India.

Bus factory in Wroclaw, Poland. Most of our complete city buses, intercity buses and tourist coaches for the Scandinavian

and central European markets are produced in Wroclaw, Poland.

In 2003, 249 complete buses and 86 bus chassis were produced

here.

Production is based on Volvos core values: quality, safety and

environmental care. The factory is certified according to ISO

9002, in line with a decade-long Volvo tradition. When it opened

in 2000, it also gained ISO 14001 certification for the execu-

tion, implementation and establishment of positive environmental

policies. Our bus factory in Wroclaw has approximately 700 em-

ployees, and is a key unit for Volvo Buses expansion in central

Europe.

BUS PRODUCTION IN WROCLAW, POLAND

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Complete buses Chassis Chassis, independent manufacturers

Bodies

Volvo Buses, production locations and financial information

Net sales SEK m2001 16 675

2002 14 035

2003 11 978

Net sales/market SEK m 2001 2002 2003

Europe 6 636 7 104 6 534

North America1) 6 847 3 838 2 984

South America 757 366 329

Asia 1 839 2 022 1 447

Other markets 596 705 684

Total 16 675 14 035 11 978

Number of employees at year end(incl. 50% of employees in joint ventures)

2001 7 052

2002 7 496

2003 6 681

1) including Nova Bus, Roswell

1. Sainte-Claire, Canada2. Saint-Eustache, Canada3. Mexico City, Mexico4. Wroclaw, Poland5. Xian, China6. Shanghai, China

1. Casablanca, Morocco2. Save, Iran3. Bangkok, Thailand4. Kuala Lumpur, Malaysia

1. Bors, Sweden2. Curitiba, Brazil3. Bangalore, India4. Gaborone, Botswana5. Uddevalla, Sweden (Chassis frames)

1. Sffle, Sweden2. Tampere, Finland3. Turku, Finland4. Heilbronn, Germany

Number of invoiced vehicles 2001 2002 2003

Europe 3 115 3 413 3 087

North America1) 3 128 1 945 1 553

South America 1 009 495 369

Asia 2 209 2 639 2 227

Other markets 492 567 581

Total 9 953 9 059 7 817

16

A look back

When Assar Gabrielsson and Gustaf Larson made their plans for vehicle production in July 1924, it did not

include buses. But prevailing customer requirements forced Volvos two founders to think again. Swedish

bus companies wanted a small, economical, robust, high-quality bus for a reasonable price. So when the

first truck chassis was designed in December 1926 almost six months before the first passenger car rolled

out of the factory the Company also gained an excellent basic frame for a bus chassis. Trucks and buses

with the Volvo emblem were already being sold by 1928, laying the foundations for what has evolved into

the worlds second-largest manufacturer of heavy-duty buses. Gabrielsson and Larson established another

key factor behind Volvos excellent reputation in the bus industry: focus on customer needs and preferences.

This is the reason why the Company has expanded over the past 76 years from a small Swedish manufac-

turer to a global power.

17

1928 Construction of our first bus, based on a truck chassis.

1945 Volvos diesel engine installed in a bus chassis for the first time.

1951 Mid-engine concept introduced to product programme.

1955 Turbo-charged engines introduced.

1968 Formation of Volvo Buses as an independent unit in the Volvo Group.

1971 Introduction of the Volvo B59, an innovative easy access city bus chassis.

1977 Volvo Buses opens its Bors factory and produces buses at the new plant in Curitiba, Brazil.

1981 Volvo Buses exceeds an annual production volume of 4,000 buses for the first time. Volvo

Buses acquires Sffle Karosseri AB.

1988 Volvo Buses acquires Leyland Bus of the UK.

1991 Volvo Buses introduces the Volvo B12 and Volvo B10B chassis with rear-mounted engines.

1994 Volvo Buses launches the Volvo B10L, a low-floor chassis. Bus production starts in China.

Volvo Buses acquires body builders; Aabenraa, Denmark and Drgmller, Germany.

1995 Volvo enters partnership with Prvost Car, Canada. Volvo B12 named Coach of the Year.

Introduction of the ECB prototype bus.

1996 Opening of new factory for city and intercity buses in Wroclaw, Poland.

1998 Volvo Buses acquires Carrus OY Finland, a leading Scandinavian body builder. Volvo buys

into Nova Bus, USA, a leading American manufacturer of city buses. Volvo Buses acquires

MASA, a leading Mexican bus manufacturer.

2000 Joint venture initiated in Shanghai. Volvo Buses exceeds an annual production volume of

11 000 buses for the first time. Volvo Buses introduces the TX platform.

Volvo Buses milestones

18

Consolidated strength

Volvo is one of the worlds leading suppliers of commercial transport solutions. The Group manufactures

trucks, buses and plant machinery, marine and industrial drive systems, and aviation engines and engine

components. Our product programme also includes customised total solutions for financing, leasing, insur-

ance and servicing, and system solutions for urban traffic. The Volvo Groups collective strategic and finan-

cial strength provides opportunities for strategic initiatives such as acquisitions and partnerships that open

the door to new products and new markets in all product areas. The coordination of our affiliated companies

R&D activities generates exciting opportunities. One example is Volvo Powertrain, the unit that develops and

manufactures diesel engines and gearboxes for trucks, buses and plant machinery, a collaboration that also

benefits Volvo Penta. Through coordination and joint development projects, we are constantly expanding the

boundaries for what Volvos companies can achieve.

Volvo in society. Our credibility as a solid actor in society is largely based on the Groups core values, qual-

ity, safety and environmental care. Internally, we focus on constant improvement in these areas, which also

benefits society. The Groups activities in the transport industry give us a key role in shaping society.

The Volvo Groups mission is based on the principle By creating benefits for our customers, we create ben-

efits for our owners. Our ability to achieve this mission ultimately depends on how we develop our expertise

in key areas, and our capacity to attract new, highly qualified employees. Consequently, we aim to create

and sustain an attractive climate that provides all employees strong opportunity for individual development

and career advancement.

19

Volvo Penta supplies engines and complete drive systems to manu-facturers of pleasure boats, com-mercial boats, equipment for power units, and similar industrial applica-tions. Volvo Penta operates globally with one of the industrys strongest brands and the industrys largest distributor network comprising over 5 000 distributors worldwide. The companys products comprise diesel and petrol engines ranging from 10 - 2 000 Hp.

Volvo Penta

Volvo supplies customers in over 200 countries with plant machinery such as excavators, wheel loaders, frame-steered dumpers, road grad-ers, excavator loaders, Skid Steer loaders, compact excavators and compact wheel loaders. Produc-tion takes place in Europe, Asia, North America and South America. Servicing and spare parts distribu-tion are conducted worldwide. Distribution is mainly through inde-pendent distributors, and through the Companys recently launched rental programme.

Volvo Construction Equipment

The Financial Services Business Area develops and coordinates the Groups customer financing and insurance activities, and its in-ternal bank, property management and related services. It provides financial services to the Groups internal and external customers. The demand for these services has lead to increased differentiation of the portfolio and product range. Financial solutions developed by VFS aim to strengthen the long-term competitiveness of the Volvo Group and its distributors.

Financial Services

Mack is one of North Americas leading manufacturers of heavy trucks. Mack was founded in 1900, and focused on commercial vehicles from the outset. Today, Mack is one of the markets strong-est brands and an unchallenged leader in the professional segment for heavy trucks in North America. Its product programme comprises heavy and medium-heavy trucks, sold in over 45 countries world-wide.

Mack Trucks

Volvo Aero is a well-established company specialised in selected areas of the high-tech aviation industry. The company has close partnerships with General Electric, Rolls Royce and Pratt & Whitney. Volvo Aero develops and manu-factures components for civil and military aviation engines and space rockets, and land-based gas tur-bines.

Volvo Aero

Renault Trucks is one of Europes largest truck manufacturers. The Company has its roots in the Re-nault automobile company, founded in 1898, and Berliet, another truck manufacturer founded in 1895. Renault Trucks provides a complete range of commercial vehicles, from light trucks for urban distribution to special-purpose vehicles and heavy long-haul trucks.

Renault Trucks

Volvo began manufacturing trucks in 1928. Today, Volvo Trucks is the worlds second-largest manufactur-er of heavy trucks. Vehicles with a total weight of over 16 tonnes rep-resent approximately 90% of our production. Volvo Trucks products are marketed in over 130 countries. Most of our sales occur in Western Europe, North America and South America.

Volvo Trucks

Volvo Bus Corporation

SE-405 08 Gteborg, Swedenwww.volvobuses.com 0

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