Truck deliveries - November 2003

Deliveries of trucks from the Volvo Group to date this year declined 3%,
compared with the year-earlier period. Mack Trucks was down 23% and
Renault Trucks declined by 7%. However, Volvo Trucks posted an increase
of 8%.

On a 12-month rolling basis, total order bookings for the truck brands
were up 3% compared with the preceding year, with Europe 1% lower and
North America down 2%.

Deliveries by market area:

Delivered Units          Year-to-Date       Change
Volvo Group               2003       2002 
Europe                  82 560     87 136        -5%
    Western Europe      74 093     79 166        -6%
    Eastern Europe       8 467      7 970         6%
North America           31 362     34 809       -10%
South America            5 316      4 867         9%
Asia                    13 904      8 143       n.a.
Other markets            6 338      8 885       n.a.
Total Volvo Group      139 480    143 840        -3%

Mack Trucks, Inc.
Deliveries by market area:
Delivered Units          Year-to-Date       Change
Mack Trucks, Inc.         2003       2002 
Europe                       1          1       n.a.
    Western Europe           1          1       n.a.
North America           15 535     20 800       -25%
South America              364        586       -38%
Asia                       101         18       461%
Other markets            1 128        883        28%
Total Mack Trucks,      17 129     22 288       -23%
Inc.


Renault Trucks
Deliveries by market area:
Delivered Units          Year-to-Date       Change
Renault Trucks            2003       2002 
Europe                  48 069     52 568        -9%
    Western Europe      44 260     49 116       -10%
    Eastern Europe       3 809      3 452        10%
North America              332                   n.a.
South America              186                   n.a.
Asia                     3 163        345       n.a.
Other markets            2 571      5 651       n.a.
Total Renault           54 321     58 564        -7%
Trucks

Volvo Trucks
Deliveries by market area:

Delivered Units          Year-to-Date       Change
Volvo Trucks              2003       2002 
Europe                  34 490     34 567         0%
    Western Europe      29 832     30 049        -1%
    Eastern Europe       4 658      4 518         3%
North America           15 495     14 009        11%
South America            4 766      4 281        11%
Asia                    10 640      7 780        37%
Other markets            2 639      2 351        12%
Total Volvo Trucks      68 030     62 988         8%


December 16, 2003

For further information, contact:
Media Relations:
Bernard Lancelot, Renault Trucks, +33 4 72 96 27 59
Bob Martin, Mack Trucks, Inc. +1 (610) 709-2670
Tommy Kohle, Volvo Truck Corporation, +46 31 66 65 17,  +46 70 67 66 517
Investor Relations:
Fredrik Brunell, AB Volvo, +46 31 66 11 91




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.