Volvo: Information on Restructuring Charges in the Fourth Quarter of 2012

Tue Jan 15, 2013 11:22am EST

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GÖTEBORG, Sweden--(Business Wire)--
The Volvo Group (STO:VOLVA) (STO:VOLVB)will record costs of approximately SEK
600 M in the fourth quarter of 2012 related to the previously announced
reorganization of the European sales organization for trucks. 

The total cost for the entire reorganization, when announced in the report for
the third quarter 2012, was estimated at SEK 900 M. The remaining costs are
expected to be incurred in the first half of 2013. 

For more stories from the Volvo Group, please visit
http://www.volvogroup.com/globalnews. 

The Volvo Group is one of the world`s leading manufacturers of trucks, buses and
construction equipment, drive systems for marine and industrial applications.
The Group also provides complete solutions for financing and service. The Volvo
Group, which employs about 115,000 people, has production facilities in 20
countries and sells their products in more than 190 markets. In 2011 annual
sales of the Volvo Group amounted to about SEK 310 billion. The Volvo Group is a
publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed
on OMX Nordic Exchange Stockholm. For more information, please visit
www.volvogroup.com or www.volvogroup.mobi if you are using your mobile phone. 

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Volvo Group
Kina Wileke
+46 (0)31-66 12 32
or +46 (0) 739-02 55 44 

Copyright Business Wire 2013

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