AB Volvo http://www.alacrastore.com/company-snapshot/AB_Volvo-1017828 Friday, September 05, 2008 2:22:53 PM 1017828 AB Volvo en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/moodys/PR_160638_96038moodys/PR_160638_96038htmlGlobal Credit Research Announcement # AUG #### Announcement: Bayerische Motoren Werke Aktiengesellschaft Moody's: Accounting Disclosures by Europe's Auto Manufacturers Reveal Constraints on Comparability London, ## August #### -- In...8/8/2008 12:42:15 AMhtmlBayerische Motoren Werke AktiengesellschaftRenault S.A.MAN AGFiat S.p.A.Peugeot S.A.Daimler AGAB VolvoVolkswagen AktiengesellschaftAB Volvo; Bayerische Motoren Werke Aktiengesellschaft; Daimler AG; ...96038639502600048550277750258621970017000146500150.0000NewsAnnouncementPR_160638_96038Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/428637_pr_framefitch/428637_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.AB ElectroluxAB VolvoAir Liquide S.A.Akzo Nobel N.V.Arcelik A.S.BAE Systems plcBASF SECemex Espana S.A.Ciba Holding Inc.Cognis GmbhCompagnie Financiere Michelin (CFM)Continental AGCRH plcDaimler AGEurochem Mineral And Chemical Company JscEuropean Aeronautic Defence and Space Co., (EADS)Fiat SpAFinmeccanica SpAFord Otosan A.S.GKN Holdings plcHeidelbergCement AGHolcim LtdKazanorgsintez JSCKoninklijke DSM N.V.Lafarge S.A.Lanxess AGLyondellBasell Industries AF S.C.ANizhnekamskneftekhimOAO Kontsern StirolPetkim Petrokimya Holding A.S.Pfleiderer AGPSA Peugeot Citroen S.A.Renault SARhodia S.A.Robert Bosch GmbHRolls Royce Group plcSABIC Europe BVSaint Gobain S.A.Saudi Basic Industries Corporation (SABIC)SIBUR Holding OJSCSolvay SAThales S.A.Vestel Elektronik Sanayi ve TicaretVolkswagen AG80090305803595788035994380360000803602128036051580360517803605248036070880360751803611538036126680361286803612888036133980361368804609688050441880506592806221928063842281023431819133198207994882291694823062948250791682557725828287258303273183209014832242718325412083309480834888718361246583746465837718658383786583942865839596668401726984667073847482708/7/2008 2:20:00 PM01000000010300000103060001030900010309010103110001031300010313010103130201031400010315000103170385Press Release012053131902010AIAKZAARCLKBABASCIBNCONCRHDAIDSMEADELUX BFFNCHEIHOHOLNKZOSLXSNKNCPETKMPFD4RHARRSGOSOLBSTIRUGVESTLVOLV AVOW428637_pr_frameCredit & Investment ResearchFitch ResearchUS - Nuss Equipment Group, a unit of Nuss Truck Group, acquired the Minnesota branch of Sweeney Brothers Tractor Co, a wholesaler of trucks and a unit of Volvo AB.8/6/2008 9:47:20 AM66919R88475K66919V928856Nuss Equipment GroupSweeney Brothers Tractor Co- Minnesota BranchNuss Truck GroupVolvo ABhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Nuss_Equipment_Group_acquires_Sweeney_Bros_Minnesota_Branch_from_Volvo_AB-2001795020sdc/20017950202001795020Copyright © 2008, Thomson Financial, All Rights ReservedWholesale Trade-Durable GoodsUnited StatesConstruction & mining (except petroleum) machinery5082MNMinnesotaSubsidiary5082:Construction & mining (except petroleum) machinery5012:Automobiles and other motor vehiclesWholesale Trade-Durable GoodsUnited StatesAutomobiles and other motor vehicles5012MNMinnesotaSubsidiary1032765001Whl trucksMnfr trucks,buses,constr equipUnspecifiedAssets1032771001Aug 6 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.00000Nuss Equipment Group, locatedin Rochester, Minnesota,wholesales constructionequipment.Nuss Equipment Group, located in Rochester, Minnesota,wholesales construction equipment.Nuss Equipment Group, located in Rochester, Minnesota, wholesales construction equipment.1.000002.000003.000004.00000Minnesota branch of SweeneyBrothers Tractor Co, locatedin Burnsville, Minnesota,wholesales trucks.Minnesota branch of Sweeney Brothers Tractor Co, located inBurnsville, Minnesota, wholesales trucks.Minnesota branch of Sweeney Brothers Tractor Co, located in Burnsville, Minnesota, wholesales trucks.0.000000.000000.000000.00000N01 Aug 08Fri, 01 Aug 2008 00:00:00 ESTDate Announced: 08/01/200801 Aug 08Date Effective: 08/01/200801 Aug 08Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.00000100.00000100.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.00000US - Nuss Equipment Group, aunit of Nuss Truck Group,acquired the Minnesota branchof Sweeney Brothers TractorCo, a wholesaler of trucks anda unit of Volvo AB.US - Nuss Equipment Group, a unit of Nuss Truck Group, acquired the Minnesota branch of Sweeney Brothers Tractor Co, a wholesaler of trucks and a unit of Volvo AB.US - Nuss Equipment Group, a unit of Nuss Truck Group, acquired the Minnesota branch ofSweeney Brothers Tractor Co, a wholesaler of trucks and a unit of Volvo AB.US - Nuss Equipment Group, a unit of Nuss Truck Group, acquired the Minnesota branch of Sweeney Brothers Tractor Co, a wholesaler of trucks and a unit of Volvo AB.US - Nuss Equipment Group, a unit of Nuss Truck Group, acquired the Minnesota branch of Sweeney Brothers Tractor Co, a wholesaler oftrucks and a unit of Volvo AB.Completed0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Completed-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000005012:Automobiles and other motor vehicles1032761001United States5012MinnesotaPrivate3519:Internal combustion engines, nec3531:Construction machinery and equipment3599:Machinery,except electrical3711:Motor vehicles and passenger car bodies3713:Truck and bus bodies3714:Motor vehicle parts and accessories3724:Aircraft engines and engine parts3728:Aircraft parts,equipment3799:Transportation equipment, nec6141:Personal credit institutions6153:Short-term business credit institutions6370001StockholmSweden3713ForeignPublicVOLV0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/spcred/663394spcred/663394normThe latest Summary from S&Pglobal8/5/2008 1:17:29 PM175Summary663394SwedenConstruction & Farm Machinery & Heavy TrucksAsiaEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersCorporationsCapital GoodsAutomotiveSummaryThe rating on Sweden-based automotive group Volvo (publ), AB reflects its leading market positions worldwide in heavy trucks, buses, and construction equipment. The group's good geographic diversification and up-to-date product lines further strengthen its business risk profile. Volvo also benefits from a conservative financial profile and high financial flexibility. The ratings are constrained by Volvo's exposure to the generally high cyclical, competitive, and capital-intensive commercial-vehicle industry. The group faces continuing challenging market conditions in the important bus segment, and is also exposed to the risks of governmental regulation in different jurisdictions. Volvo's strong position as the world's second-largest truck manufacturer (trucks constitute about two-thirds of sales) is complemented by the somewhat riskier manufacturing and sale of construction equipment (about 16%-20%),SWE92885620106010 201060 2010 20Volvo (publ), AB102506ASIAEUROMIDAFRPACUSAVOLVB@SSSUMMARYGLOBISSCORPCapitalAutomotiveCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/663389spcred/663389normThe latest Full Report from S&Pglobal8/5/2008 1:17:00 PM400Full Report663389SwedenConstruction & Farm Machinery & Heavy TrucksAsiaEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersCorporationsAutomotiveCapital GoodsFull ReportLeading market positions worldwide in heavy trucks, buses, and construction equipment Recently renewed product ranges Conservative financial profile and high financial flexibility Operations within industries characterized by high volatility, cyclicality, and high capital intensity Structural problems within the bus industry, which negatively affect the bus division, although this is improving slowly Exposure to governmental regulation in different jurisdictions The rating on Sweden-based automotive group Volvo (publ), AB reflects its leading market positions worldwide in heavy trucks, buses, and construction equipment. The group's good geographic diversification and up-to-date product lines further strengthen its business risk profile. Volvo also benefits from a conservative financial profile and high financial flexibility. The ratings are constrained by Volvo's exposure to the generally high cyclical, competitive,SWE92885620106010 201060 2010 20Volvo (publ), AB102506ASIAEUROMIDAFRPACUSAVOLVB@SSFULLGLOBISSCORPAutomotiveCapitalCredit & Investment ResearchS&P Credit ResearchFINLAND An undisclosed investor group signed a Letter of Intent {LoI} to acquire the Body plant of Volvo buses, a Turku-based manufacturer of vehicle bodies, from Volvo AB.7/5/2008 9:26:17 AM46145M93234V46145M928856Investor GroupVolvo Buses-Body PlantInvestor GroupVolvo ABhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Investor_Group_acquires_Volvo_Bus_Corp_Body_Plant_from_Volvo_AB-1993467040sdc/19934670401993467040Copyright © 2008, Thomson Financial, All Rights ReservedInvestment & Commodity Firms,Dealers,ExchangesFinlandInvestors, nec6799FFForeignPrivate6799:Investors, nec6799:Investors, necTransportation EquipmentFinlandTruck and bus bodies3713FFForeignSubsidiary9920001Investor groupMnfr trucks,buses,constr equipUnspecifiedAssets1027156001Jul 5 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.00000Investor groupInvestor groupInvestor group1.000002.000003.00000Body Plant of Volvo Bus Corplocated in Turku, Finlandmanufactures vehicle bodies.Body Plant of Volvo Bus Corp located in Turku, Finlandmanufactures vehicle bodies.Body Plant of Volvo Bus Corp located in Turku, Finland manufactures vehicle bodies.0.000000.000000.000000.00000N03 Jul 08Thu, 03 Jul 2008 00:00:00 ESTDate Announced: 07/03/2008Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.00000FINLAND An undisclosedinvestor group signed a Letterof Intent {LoI} to acquire theBody plant of Volvo buses, aTurku-based manufacturer ofvehicle bodies, from Volvo AB.FINLAND An undisclosed investor group signed a Letter of Intent {LoI} to acquire the Body plant of Volvo buses, a Turku-based manufacturer of vehicle bodies, from Volvo AB.FINLAND An undisclosed investor group signed a Letter of Intent {LoI} to acquire the Bodyplant of Volvo buses, a Turku-based manufacturer of vehicle bodies, from Volvo AB.FINLAND An undisclosed investor group signed a Letter of Intent {LoI} to acquire the Body plant of Volvo buses, a Turku-based manufacturer of vehicle bodies, from Volvo AB.FINLAND An undisclosed investor group signed a Letter of Intent {LoI} to acquire the Body plant of Volvo buses, a Turku-basedmanufacturer of vehicle bodies, from Volvo AB.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000003711:Motor vehicles and passenger car bodies3713:Truck and bus bodies9920001Unknown6799ForeignPrivate3519:Internal combustion engines, nec3531:Construction machinery and equipment3599:Machinery,except electrical3711:Motor vehicles and passenger car bodies3713:Truck and bus bodies3714:Motor vehicle parts and accessories3724:Aircraft engines and engine parts3728:Aircraft parts,equipment3799:Transportation equipment, nec6141:Personal credit institutions6153:Short-term business credit institutions6370001StockholmSweden3713ForeignPublicVOLV0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/fitch/387386_report_framefitch/387386_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.AB Volvo803612665/22/2008 10:14:00 AM01000000010300000103130001031301425Full Rating ReportVOLV A387386_report_frameCredit & Investment ResearchFitch ResearchBULGARIA - Renault Trucks Commercial Europe, a unit of Volvo AB, agreed to acquire Torino Motors Real Estate, a Sophia-based wholesaler of truck spare parts. Terms were not disclosed.5/21/2008 3:02:24 PM76010X89093K92885689093KRenault Trucks SASTorino Motors Real EstateVolvo ABTorino Motors Real Estatehttp://www.alacrastore.com/storecontent/Thomson_M%26A/Renault_Trucks_SAS_acquires_Torino_Motors_Real_Estate-1979278040sdc/19792780401979278040Copyright © 2008, Thomson Financial, All Rights ReservedTransportation EquipmentFranceTruck and bus bodies3713FFForeignSubsidiary3713:Truck and bus bodies3715:Truck trailers3792:Travel trailers and campers3519:Internal combustion engines, nec3531:Construction machinery and equipment3599:Machinery,except electrical3711:Motor vehicles and passenger car bodies3713:Truck and bus bodies3714:Motor vehicle parts and accessories3724:Aircraft engines and engine parts3728:Aircraft parts,equipment3799:Transportation equipment, nec6141:Personal credit institutions6153:Short-term business credit institutionsTransportation EquipmentBulgariaTruck and bus bodies3713FFForeignPrivate849253001Mnfr trucks,buses,constr equipWhl trucks,spare partsUnspecifiedAssets1011558001May 21 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.00000Renault Trucks SAS, located inSaint-Priest, mjanufacturestrucks. The company wasestablished in 2001.Renault Trucks SAS, located in Saint-Priest, mjanufacturestrucks. The company was established in 2001.Renault Trucks SAS, located in Saint-Priest, mjanufactures trucks. The company was established in 2001.1.000002.000003.000004.000005.00000Torino Motors Real Estate,located in Sophia, Bulgaria,is active in trucksmaintenance and spare partssale.Torino Motors Real Estate, located in Sophia, Bulgaria, isactive in trucks maintenance and spare parts sale.Torino Motors Real Estate, located in Sophia, Bulgaria, is active in trucks maintenance and spare parts sale.0.000000.000000.000000.00000Y19 May 08Mon, 19 May 2008 00:00:00 ESTDate Announced: 05/19/2008Date Effective:MergerFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.00000BULGARIA - Renault TrucksCommercial Europe, a unit ofVolvo AB, agreed to acquireTorino Motors Real Estate, aSophia-based wholesaler oftruck spare parts. Terms werenot disclosed.BULGARIA - Renault Trucks Commercial Europe, a unit of Volvo AB, agreed to acquire Torino Motors Real Estate, a Sophia-based wholesaler of truck spare parts. Terms were not disclosed.BULGARIA - Renault Trucks Commercial Europe, a unit of Volvo AB, agreed to acquire TorinoMotors Real Estate, a Sophia-based wholesaler of truck spare parts. Terms were notdisclosed.BULGARIA - Renault Trucks Commercial Europe, a unit of Volvo AB, agreed to acquire Torino Motors Real Estate, a Sophia-based wholesaler of truck spare parts. Terms were not disclosed.BULGARIA - Renault Trucks Commercial Europe, a unit of Volvo AB, agreed to acquire Torino Motors Real Estate, a Sophia-based wholesalerof truck spare parts. Terms were not disclosed.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000003537:Industrial trucks, tractors, trailers, & stackers3713:Truck and bus bodies3715:Truck trailers3792:Travel trailers and campers6370001StockholmSweden3713ForeignPublicVOLV3537:Industrial trucks, tractors, trailers, & stackers3713:Truck and bus bodies3715:Truck trailers3792:Travel trailers and campers1011558001Bulgaria3713ForeignPrivate0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & AcquisitionsINDIA - Volvo AB planned to acquire an #.#% stake, or #.### mil ordinary shares in Eicher Motors Ltd, a commercial vehicles manufacturer and wholesaler, for #.## bil Indian rupees ($##.### mil US), in a privately negotiated transaction. Upon completion, EM was to be operated as a joint venture. The transaction was subject to regulatory approvals.5/20/2008 1:54:46 PM92885628279L92885628279LVolvo ABEicher Motors LtdVolvo ABEicher Motors Ltdhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Volvo_AB_acquires_a_minority_stake_in_Eicher_Motors_Ltd-1978829040sdc/19788290401978829040Copyright © 2008, Thomson Financial, All Rights ReservedStockholmTransportation EquipmentSwedenTruck and bus bodies3713FFForeignPublicVOLV3519:Internal combustion engines, nec3531:Construction machinery and equipment3599:Machinery,except electrical3711:Motor vehicles and passenger car bodies3713:Truck and bus bodies3714:Motor vehicle parts and accessories3724:Aircraft engines and engine parts3728:Aircraft parts,equipment3799:Transportation equipment, nec6141:Personal credit institutions6153:Short-term business credit institutions3519:Internal combustion engines, nec3531:Construction machinery and equipment3599:Machinery,except electrical3711:Motor vehicles and passenger car bodies3713:Truck and bus bodies3714:Motor vehicle parts and accessories3724:Aircraft engines and engine parts3728:Aircraft parts,equipment3799:Transportation equipment, nec6141:Personal credit institutions6153:Short-term business credit institutionsBombayTransportation EquipmentIndiaMotor vehicles and passenger car bodies3711FFForeignPublic5052006370001Mnfr trucks,buses,constr equipMnfr,whl motor vehiclesCashCash OnlyOrdinary Share879933001May 20 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.00000Manufacture trucks under thebrands Mack, Renault and Volvofor use in long-haul andregional deliveries,construction, and refusetransportation, buses,chassis, coaches, constructionequipment, aircraftcomponents, engines, andaerospace industry equipment;provide customer and dealerfinancing and financialleasing services; key businessareas of the company are VolvoTrucks, Volvo Buses, VolvoConstruction Equipment, VolvoPenta, Volvo Aero, and VolvoFinancial ServicesManufacture trucks under the brands Mack, Renault and Volvofor use in long-haul and regional deliveries, construction,and refuse transportation, buses, chassis, coaches,construction equipment, aircraft components, engines, andaerospace industry equipment; provide customer and dealerfinancing and financial leasing services; key business areasof the company are Volvo Trucks, Volvo Buses, VolvoConstruction Equipment, Volvo Penta, Volvo Aero, and VolvoFinancial ServicesManufacture trucks under the brands Mack, Renault and Volvo for use in long-haul and regional deliveries, construction, and refuse transportation, buses, chassis, coaches, construction equipment, aircraft components, engines, and aerospace industry equipment; provide customer and dealer financing and financial leasing services; key business areas of the company are Volvo Trucks, Volvo Buses, Volvo Construction Equipment, Volvo Penta, Volvo Aero, and Volvo Financial Services1.000002.000003.000004.000005.000006.000007.000008.000009.00000Eicher Motors Ltd, located inMadhya Pradesh, India,manufactures and wholesalescommercial vehicles, tractors,two wheelers and gears. Itsplants are located at MadhyaPradesh, Tamil Nadu andMaharashtra. The company wasfounded in 1982.Eicher Motors Ltd, located in Madhya Pradesh, India,manufactures and wholesales commercial vehicles, tractors,two wheelers and gears. Its plants are located at MadhyaPradesh, Tamil Nadu and Maharashtra. The company was foundedin 1982.Eicher Motors Ltd, located in Madhya Pradesh, India, manufactures and wholesales commercial vehicles, tractors, two wheelers and gears. Its plants are located at Madhya Pradesh, Tamil Nadu and Maharashtra. The company was founded in 1982.0.000000.000000.0000028.09000YIndian Rupee16 May 08Fri, 16 May 2008 00:00:00 ESTDate Announced: 05/16/2008Date Effective:Acq. Part. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.000001230 Indian Rupee1230.000000.000001230 Indian Rupee1230.000000.000000.000000.000000.000001230.000001230 Indian Rupee0.02400N14.809000.000000.000000.000000.000000.0000028.9760028.976000.000000.000000.000000.000000.000000.000000.000008.100000.000000.000000.000000.000000.000000.000000.000000.000000.000007.055007.240007.072000.000000.000000.000000.000000.000000.000000.00000185.613000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.00000INDIA - Volvo AB planned toacquire an 8.1% stake, or2.276 mil ordinary shares inEicher Motors Ltd, acommercial vehiclesmanufacturer and wholesaler,for 1.23 bil Indian rupees($28.976 mil US), in aprivately negotiatedtransaction. Upon completion,EM was to be operated as ajoint venture. The transactionwas subject to regulatoryapprovals.INDIA - Volvo AB planned to acquire an 8.1% stake, or 2.276 mil ordinary shares in Eicher Motors Ltd, a commercial vehicles manufacturer and wholesaler, for 1.23 bil Indian rupees ($28.976 mil US), in a privately negotiated transaction. Upon completion, EM was to be operated as a joint venture. The transaction was subject to regulatory approvals.INDIA - Volvo AB planned to acquire an 8.1% stake, or 2.276 mil ordinary shares in EicherMotors Ltd, a commercial vehicles manufacturer and wholesaler, for 1.23 bil Indian rupees($28.976 mil US), in a privately negotiated transaction. Upon completion, EM was to beoperated as a joint venture. The transaction was subject to regulatory approvals.INDIA - Volvo AB planned to acquire an 8.1% stake, or 2.276 mil ordinary shares in Eicher Motors Ltd, a commercial vehicles manufacturer and wholesaler, for 1.23 bil Indian rupees ($28.976 mil US), ina privately negotiated transaction. Upon completion, EM was to be operated as a joint venture. The transaction was subject to regulatory approvals.INDIA - Volvo AB planned to acquire an 8.1% stake, or 2.276 mil ordinary shares in Eicher Motors Ltd, a commercial vehicles manufacturerand wholesaler, for 1.23 bil Indian rupees ($28.976 mil US), in a privately negotiated transaction. Upon completion, EM was to beoperated as a joint venture. The transaction was subject to regulatory approvals.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000003711:Motor vehicles and passenger car bodies3713:Truck and bus bodies3715:Truck trailers3751:Motorcycles, bicycles, and parts3792:Travel trailers and campers5012:Automobiles and other motor vehicles5088:Transportation equipment, except motor vehicles5091:Sporting and recreational goods and supplies6370001StockholmSweden3713ForeignPublicVOLV3711:Motor vehicles and passenger car bodies3713:Truck and bus bodies3715:Truck trailers3751:Motorcycles, bicycles, and parts3792:Travel trailers and campers5012:Automobiles and other motor vehicles5088:Transportation equipment, except motor vehicles5091:Sporting and recreational goods and supplies879933001BombayIndia3711ForeignPublic50520028.976001230.0000028.9760014.80900Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/spcred/645584spcred/645584normThe latest Summary from S&Pglobal4/30/2008 8:18:29 AM175Summary645584SwedenConstruction & Farm Machinery & Heavy TrucksAsiaEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersCorporationsAutomotiveCapital GoodsSummaryThe rating on Sweden-based automotive group Volvo (publ), AB reflects its leading market positions worldwide in heavy trucks, buses, and construction equipment. The group's good geographic diversification and up-to-date product lines further strengthen its business risk profile. Volvo also benefits from a conservative financial profile and high financial flexibility. The ratings are constrained by Volvo's exposure to the generally high cyclical, competitive, and capital-intensive commercial-vehicle industry. The group continues to face difficult market conditions in the important bus segment, and is also exposed to the risks of government regulation in different jurisdictions. The ratings are further tempered by Volvo's relatively smaller and weaker market position in the construction-equipment segment. Volvo's strong position as the world's second-largest truck manufacturer (trucks constituteSWE92885620106010 201060 2010 20Volvo (publ), AB102506ASIAEUROMIDAFRPACUSAVOLVB@SSSUMMARYGLOBISSCORPAutomotiveCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/418479_pr_framefitch/418479_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.AB Volvo803612664/28/2008 10:10:00 AM0100000001030000010313000103130185Press ReleaseVOLV.A418479_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/632236spcred/632236normThe latest Summary from S&P2/25/2008 8:30:10 AMSummary175global632236SwedenConstruction & Farm Machinery & Heavy TrucksAsiaEurope, Middle East, AfricaPacificUnited StatesGlobal IssuersCorporationsAutomotiveCapital GoodsSummaryThe rating on Sweden-based automotive group Volvo (publ), AB reflects the group's leading market positions worldwide in heavy trucks, buses, and construction equipment. The group's good geographic diversification and up-to-date product lines further strengthen its business risk profile. Volvo also benefits from a conservative financial profile and high financial flexibility. The ratings are constrained by Volvo's exposure to the generally high cyclical, competitive, and capital-intensive commercial-vehicle industry. The group faces continuing challenging market conditions in the important bus segment, and is also exposed to the risks of governmental regulation in different jurisdictions. The ratings are further tempered by Volvo's relatively smaller and weaker market position in the construction-equipment segment. Volvo's strong position as the world's second-largest truck manufacturer (trucks constituteSWE92885620106010 201060 2010 20Volvo (publ), AB102506ASIAEUROMIDAFRPACUSAVOLVB@SSSUMMARYGLOBISSCORPAutomotiveCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/406392_pr_framefitch/406392_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.AB VolvoDaimler AGFiat SpAPSA Peugeot Citroen S.A.Renault SA80359578803602128036126680622192806384222/20/2008 10:14:00 AM0100000001030000010313000103130185Press Release13190DAIFUGVOLV.A406392_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/COP_17000moodys/COP_17000htmlGlobal Credit Research Credit Opinion # MAY #### Credit Opinion: AB Volvo AB Volvo Gothenburg, Sweden Ratings Category Moody's Rating Outlook Stable Issuer Rating A# ST Issuer Rating P-# Volvo Treasury AB Outlook Stable Senior Unsecured...1/3/2008 7:54:00 PMhtmlAB VolvoAB Volvo17000150.0000NewsCredit OpinionCOP_17000Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/523430spcred/523430normThe latest Summary from S&P12/23/2007 11:36:25 PMSummary175global523430Global IssuersCorporationsAutomotiveCapital GoodsSummaryThe rating on Sweden-based Volvo (publ), AB is supported by the group's strong business risk profile, underpinned by geographically well diversified and strong market positions--particularly in the truck market--and up-to-date product lines; and modest financial risk profile. The rating is constrained by Volvo's exposure to the generally highly cyclical, competitive, and capital-intensive commercial vehicle industry---with continuing challenging market conditions in the important bus segment--and its relatively smaller and weaker market position in the construction equipment segment. Volvo's strong position as the world's second largest truck manufacturer (trucks constitute about two-thirds of sales) is complemented by the somewhat riskier manufacturing and sale of construction equipment (about 15%-20%), buses (6%-8%), and marine and industrial power equipment (about 4%), and by its nicheVolvo (publ), AB102506SUMMARYGLOBISSCORPAutomotiveCapitalCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_140285_96038moodys/PR_140285_96038htmlAnnouncement9/6/2007 12:19:42 AMGlobal Credit Research Announcement # SEP #### Announcement: Bayerische Motoren Werke Aktiengesellschaft Moody's reports: Comparability of European auto manufacturers' credit metrics is affected by different accounting practices Frankfurt,...Bayerische Motoren Werke Aktiengesellschaft96038150.0000Newshtml639502Renault S.A.277750Fiat S.p.A.2586Peugeot S.A.219700DaimlerChrysler AG17000AB Volvo146500Volkswagen AktiengesellschaftAB Volvo; Bayerische Motoren Werke Aktiengesellschaft; ...PR_140285_96038Cred