Sales, Production and Awards - A review of 2003

Retail sales 2003 compared with 2002

Per Region / 2003 / 2002 / Change in %

• North America / 148,528 / 122,811 / +21
• Europe / 221,632 / 236,951 / -6.5
• Asia/Oceania / 12,065 / 11,681 / +3
• VCOC / 13,838 / 14,759 / -6.2
• Japan / 14,755 / 15,242 / -3.2
• VCIC / 4,222 / 3,972 / +6.3
• Other / 6 / 1,279 / -
• VCC Total / 415,046 / 406,695 / +2.2%

Per model / 2003 / 2002 / Change in %

• Volvo XC90 / 62,177 / 5,040 / +1,234
• Volvo XC70 / 35,146 / 35,320 / -0.5
• Volvo S80 / 38,644 / 42,815 / -10
• Volvo S60 / 90,910 / 107,463 / -16
• Volvo S40 / 43,068 / 51,388 / -16
• Volvo V70 / 83,359 / 94,729 / -12
• Volvo V40 / 53,592 / 61,475 / -13
• Volvo C70 Cab / 7,840 / 6,148 / +28
• Volvo C70 coupe / 288 / 2,208 / -87

Production

SWEDEN

TORSLANDA

(Gothenburg): 158,384

• Volvo S80: 38,889
• Volvo XC70: 35,561
• Volvo V70: 15,458
• Volvo XC90: 68,476

UDDEVALLA 7,885

• Volvo C70: 7,885

BELGIUM

GHENT: 157,149

• Volvo V70: 67,364
• Volvo S60: 84,908
• New S40/V50: 4,877

THE NETHERLANDS

BORN, NedCar: 89,191

• Volvo X40: 89,191

SOUTH AFRICA

• Volvo X40: 1,368

THAILAND: 1,296

• Volvo XC90: 552
• Volvo S80: 192
• Volvo XC70: 36
• Volvo V70: 84
• Volvo S60: 264
• Volvo X40: 168

MALAYSIA: 1,056

• Volvo XC90: 576
• Volvo S80: 120
• Volvo S60: 120
• Volvo X40: 240

TOTAL PRODUCTION: 416,329

• Volvo S80: 39,201
• Volvo C70: 7,885
• Volvo XC70: 35,597
• Volvo V70: 82,906
• Volvo S60: 85,292
• Volvo X40: 90,967
• Volvo XC90: 69,604
• New S40/V50: 4,877

Employees

Volvo Cars had 28,100 employees in the end of 2003.

Awards 2003

Volvo XC90

Canada

• XC90 - Pyramid Award for Safety Innovation (ROPS) [Canadian Automobile Association]

France

• XC90 - Design Award [Salon du 4X4 de Val d'Isère]

Germany

• XC90 - Best imported SUV [Auto Trophy of Auto Zeitung]
• XC90 - Best Design [Readers of Auto Strassenverkehr and motor]
• XC90 - Innovation price for ROPS [Auto Bild alles Allrad]

Hungary

• XC90 - The family car in 2003 [Nök Lapja ladies weekly magazine]

Malaysia

• XC90 - Premium SUV of the Year [New Straits Times (daily paper)]
• XC90 - Car of the Year

Russia

• XC90 - Best Vehicle in SUV Class ["Golden Klaxon" - Klaxon magazine]

Saudi Arabia

• XC90 - 4X4 of the year 2004 [Arabian Man/Arabian Women magazine]

Singapore

• XC90 - Car of the Year Award/SUV of the Year Award [Singapore Straits Times]
• Sweden
• XC90 - Design Prize [Association of Swedish Engineering Industries, Svensk Form & Foundation of Swedish Industrial Design]

The UK

• XC90 - Scottish Car of the Year Award 2003 [Association of Scottish Motoring Writers]
• XC90 - Best SUV (Scottish Car of the Year) [Association Of Scottish Motoring Writers]
• XC90 - Car of the Year 2003 and Best 4x4 Off-Roader Auto Express New Car Honours [Auto Express magazine]
• XC90 - Best 4X4 2003/Top Gear Car of the Year [Top Gear Magazine 2003 awards]
• XC90 - Best 4X4 Car of the Year 2003 awards [What Car? Magazine]

The US

• XC90 - Best Family Vehicle of the Rockies Automotive [Rocky Mountain]
• Press Organization
• XC90 - Best Engineered Vehicle for 2003 [Automotive Engineering Int.]
• XC90 - Best Winter Vehicle [New England Press Association]
• Best of the Best for 2003 - Car of the Year [Automondo (Spanish language) magazine]
• XC90 - Truck of the Year in North America [North American (US/Canada) Car of the Year Jury]

Volvo S60

The US

• S60R - Europe Car Grand Prix winner [European Car Magazine]
• S60R - Car of the Year [European Car Magazine]
• S60 AWD - Best all-weather sedan $30,000+ [New England Press Association]

Volvo XC70

The US

• XC70 - Best All-Wheel Drive Wagon [SmartMoney Magazine]
• XC70 - Best All-weather wagon [New England Press Association]

Volvo S80

China

• "My most admirable luxury car" [www.sina.com Netizens poll]
• Sweden
• S80 Bi-Fuel - Best Environmental Car in Large Car Category [Gröna Bilister (Green Motorists Organization)]

The UK

• S80 - Executive Car [Auto Express Used Car Honours]

Volvo V70

Germany

• V70 - Best import car in upper middleclass [Flottenaward by Autoflotte]

The UK

• V70 - Estate Car [Auto Express Used Car Honours 2003]

New Volvo S40/V50

Russia

• Volvo S40 - Best Vehicle in Middle Class ["Golden Klaxon" - Klaxon Magazine]

Other Awards

Germany

• Volvo Bi-Fuel CNG - Best imported alternative fuel [Flottenaward by Autoflotte]

Sweden

• Volvo Bi-Fuel cars - Miljöbästa bil 2003 [Gröna Bilister "Green Motorists"]
• My Concept Car (Your Concept Car) - Project group ["The Golden Sparkplug The Swedish Automobile Association (M)"]

The UK

• Peter Horbury - Special Award [Auto Express Used Car Honours]