VOLVO S80 SERIES TO BE SOLD AT LOWER PRICES IN CHINA

AsiaInfo Services, June, 2007

AsiaInfo Services 06-21-2007 Volvo S80 Series to Be Sold at Lower Prices in China SHANGHAI, Jun 21, 2007 (SinoCast via COMTEX) -- Volvo Group, a Sweden-based luxury car manufacturer, announced on June 11, 2007 that it would adopt a new price strategy mainly on Volvo S80 series cars in Chinese market from the day. The price of S80 2.5T luxury version drops by CNY 70,000 or 11% to CNY 558,000 from CNY 628,000.

The price of S80 2.5T super luxury version falls by CNY 50,000 and that of S80 3.2T super luxury version drops by CNY 30,000. The Swedish automaker sold 8,000 cars in China in 2006, the most of its sales worldwide. Its China sales in the first five months of this year soared by 62%. The automaker's price reduction strategy is just typical in China....

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