Volvo Mobility Systems joins Volvo Buses

Vehicle diagnostics and traffic information systems are being integrated
to provide additional functions, better quality and increased
reliability. This is the result of Volvo Mobility Systems being
incorporated within Volvo Buses as of October 1.

Since 2000, Volvo Mobility Systems (VMS) has developed and sold IT-based
information and traffic control systems under the brand name
ITS4mobility. The customers are public transport providers and bus
operators, primarily in Europe.

Virtually all previous sales have related to aftermarket retrofitting of
the system in existing public transport vehicles. However, VMS and Volvo
Buses have also worked together to link the bus's own functions with
information systems. This is now possible with BEA software system as a
platform to open entirely new possibilities for transport providers and
bus operators to conduct diagnostics and to collect statistical
information about the buses in a fleet.

"Becoming part of Volvo Buses is a perfectly natural progression.
ITS4mobility can now be fully integrated directly in the product
development and production stages, leading to the creation of additional
application areas, increased reliability and more convenient system
operation for the customer", explains Claes Westberg, manager of Volvo
Mobility Systems.
"This development also allows Volvo Buses to broaden its focus from
solely discussing buses to the marketing of overall transport solutions.
It extends the horizon and allows us as a company to gain a better
understanding of the customer's needs".

VMS will continue to work under the name Volvo Mobility Systems in its
contacts with customers.

October 14, 2003

For further information, please contact:
Christina Fjellman, +46 (0)31 66 73 05, +46 (0) 708 66 70 88