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PRESS RELEASE

Volvo Cars Military Sales offers Special Deployment Inventory on the Internet

All who are TDY overseas for the Military, Department of Defense or Active Reserve Duty, can take advantage of the Volvo Military Sales Program and save thousands of dollars on a premium car with superb safety standards and classic yet up to date design lines.

The Volvo Special Deployment Inventory on the Internet (www.volvocars.com/militarysales) gives the customer, no matter where he is on duty overseas, convenient access to a wide choice of immediately available car models. Alternatively, for a fully customized choice, the web-site's car configurator can be used. Overseas factory authorized agents outside the U.S. can easily be contacted via email for requests and information. Further advantages of the Volvo Military Sales Program are, for example:

· Factory Pricing that will save the customer thousands of dollars compared with stateside pricing.
· Shipping to an authorized Volvo retailer of customer's choice in the US. Marine insurance and customs clearance included, all at no extra cost.
· The option of VIP factory delivery in Sweden or delivery to selected major cities in Europe
· Professional assistance with all legal formalities and paperwork
· Four-year warranty coverage also outside the US
· US specifications - built to meet legal requirements in all US states
· No US import duty
· Special option for very flexible delivery times from orders placed by TDY personnel overseas

This offer is only valid via authorized agents outside the US or direct from the factory with shipping to the US, Europe or pick up at the factory.

Another new feature on www.volvocars.com/militarysales is the customer feedback gallery, where you can find photos and comments of satisfied customers.

Volvo XC90 'Best 4x4': What Car? Car of the Year Awards 2003

What Car? magazine has christened the new Volvo XC90 as 'Best 4x4' in its 'Car of the Year 2003' awards, announced at a prestigious ceremony at the London Hilton, Park Lane on Wednesday 15 January.

Rob Aherne, Editor of What Car? said:
"Volvo has waited a long time before joining the 4x4 fray, but the XC90 justifies the delay. We were extremely impressed by its space, versatility, safety and style. It's great value, too."
The XC90 took the 'Best 4x4' title from the previous winner, the BMW X5, which joined the Range Rover and Honda CR-V as runners up this year.
Volvo Car UK's Managing Director, Hugh Reid was delighted to accept the award:
"This 'What Car?' award is very important and prestigious for Volvo and our new generation SUV, the XC90 - and its timing is perfect just as the first cars are launched in our showrooms and being delivered to customers."
The XC90's great design with an innovative, flexible interior offering up to seven individual forward facing seats has already won it over 15,000 orders worldwide, plus other prestigious awards, including many in America - the homeland of the SUV.

Volvo XC90 Top Choice at the Seventh Annual Urban Wheel Awards

DETROIT - (January 7, 2003) - The Volvo XC90 was named "Urban Truck of the Year" by the African Americans On Wheels organization at their annual celebration honoring professionals and companies in the automotive industry that are leaders in diversity.

The African American and Latino communities are very important for Volvo," said Vic Doolan, President and CEO of Volvo Cars of North America. "This type of recognition for our first SUV is an indication we are on the right track toward meeting the needs and the appeal of these diverse markets," he said. Selected by an independent panel of automotive journalists for AAOW magazine, the Urban Picks Award is presented to a vehicle in its class that shows exceptional value and performance under urban driving conditions. The competitors were evaluated on a point system based on safety, security and other characteristics of interest to urban motorists. The award for Volvo and the XC90 caps a very active week during press days that includes North American Truck of the year and an award from American Woman Road & Travel, in addition to the Urban Wheels Award. Previously, the XC90 has been named Motor Trend 2003 Sport/Utility of the Year, as well as received recognition for design, performance, and safety. On Wheels, Inc. is a multicultural multimedia company that publishes African Americans On Wheels (circulation of 800,000) and Latinos On Wheels (circulation of 500,000) magazines, produces The Driving Force On Wheels radio show and maintain www.onwheelsinc.com Web site.

For more information and to configure a Volvo of your choice on line please visit: www.volvocars.com/militarysales.