Ford of Europe Signs Agreement With Volvo IT

Regulatory News:

Volvo IT has been commissioned to develop and maintain FordEcat, a system Ford's dealers in Europe are using to streamline the sale of parts and service. A new version of the system will have been installed at 5,500 dealers in 40 countries by the end of June.

FordEcat is an electronic catalogue that gives dealers swift access to the latest information from Ford relating to the components and work procedures that can be included in a proposal for a workshop customer. The new version of FordEcat takes less time for the dealer to install and, in addition, the system works more rapidly.

Using FordEcat, dealers obtain access to information about some 25 million vehicles and their models, colour, engine type, extra equipment and parts. The system also contains tools for calculating the cost of labour.

At the present time, approximately 75 per cent of Ford's dealers in Europe are using FordEcat.

9 June, 2008

Volvo Information Technology AB is part of the Volvo Group (NASDAQ:VOLV) (STO:VOLVA) (STO:VOLVB) and is a wholly owned subsidiary of AB Volvo. Volvo IT supplies industrial IT solutions, telematics services and consulting services. Its customers include the Volvo Group, Ford-owned Volvo Car Corporation and companies in other industrial sectors. In 2007, Volvo IT's global operations generated a turnover of SEK 7.5 billion and the company had around 5,000 employees and 1,900 contracted consultants in Europe, North America, South America, Australia, Africa and Asia.

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

Contacts:

Volvo IT
Christer Brasta, +46 (0) 31 322 07 21
or +46 (0) 739 02 07 21
Director Corporate Communications
christer.brasta@volvo.com

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