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Volvo Trucks opens new service facility in Serbia

Tue Jul 1, 2008 3:16am EDT
STOCKHOLM, Sweden--(Business Wire)--
Regulatory News:

   In response to growing transport needs Volvo
Trucks (STO:VOLVA)(STO:VOLVB) opened a large service facility in
Belgrade, Serbia, last month. 2007 was a record year for Volvo Trucks
in the Serbian market. The truck deliveries more than doubled compared
to the previous year.

   The 3,000-sqm large facility will be a multifunction service
station and offer workshop services, sales of trucks and spare parts
as well as financial services, everything under one roof.

   "Serbia is an important business region due to the strong economic
growth, and we plan to further develop our presence in the country,"
says Roger Alm, Director Region East at Volvo Trucks.

   In 2007 Volvo Trucks delivered 560 trucks in the Serbian market.
Volvo Trucks has operated in Serbia since 1998 and has now three
wholly-owned Volvo Truck Centers; in Novi Sad, in Cacak and in Novi
Banovci, situated 20 km from Belgrade.

   "Broadening our range of services and getting closer to the
customer is a cornerstone in our strategy. We are constantly
developing our sales and service network and the opening in Serbia is
in line with these ambitions", concludes Volvo Trucks' President and
CEO Staffan Jufors.

   July 1, 2008

   Visit http://www.thenewsmarket.com/volvogroup to access
broadcast-standard video from the Volvo Group. You can review and
request video material, and choose to receive it as an MPEG2 file or
on Beta SP tape. Registration and videos are free to the media.

   Volvo Trucks provides complete transport solutions for
professional and business-driven customers. The company offers a full
range of medium to heavy duty trucks, with a strong global network of
3,000 service points in more than 130 countries. In 2007 Volvo Trucks
sold more than 100,000 trucks worldwide. Volvo Trucks is a part of the
Volvo Group, one of the world's leading manufacturers of trucks, buses
and construction equipment, drive systems for marine and industrial
applications, aerospace components and services. The Group also
provides solutions for financing and service.

   This information was brought to you by Cision
http://newsroom.cision.com

Volvo Trucks
Marie Vassiliadis, phone +46 31 322 41 27
marie.vassiliadis@volvo.com

Copyright Business Wire 2008



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