11/17/2007 Volvo Financial Services Names New Chief Financial Officer

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Volvo Financial Services North America, announced that Leo Hawkes has been promoted to Chief Financial Officer.

Hawkes has been with Volvo Financial Services since 2001 and has over 30 years in financial management experience.  His last assignment was working as President of Volvo Financial Services’ operations in Canada.

Volvo Financial Services North America is the finance arm of the Volvo Group, one of the world’s leading providers of commercial transport solutions.  The company provides financial services for the truck, construction equipment, bus, aerospace and marine industries.  The primary brands it supports are Volvo Trucks, Volvo Construction Equipment, Mack Truck, Prevost Bus and Volvo Penta.    

Volvo Financial Services is part of the Volvo Group.  The Volvo Group is a publicly held company headquartered in Gothenburg, Sweden. With 2006 sales of approximately $34 billion, Volvo’s businesses include heavy trucks, buses, construction equipment, marine and industrial drive systems, aerospace, and financial services. In the United States, Volvo shares are listed on NASDAQ and are traded as ADRs.

For more information about Volvo Financial Services North America, visit our web site at www.us.vfsco.com

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For information, please contact:
Allison Long
Marketing & Corporate Communications Manager
Volvo Financial Services North America
336 931 4293
allison.long@vfsco.com

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