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Hungria new senior VP of Volvo Powertrain

July 09, 2007

Carlos Hungria has been appointed senior vice president of Volvo Powertrain and head of Volvo Powertrain North America in Hagerstown, effective Aug. 1.

Currently, Hungria is vice president of Purchasing and Supply Management at Volvo Construction Equipment in Brussels.

Hungria has a Ph.D. in process engineering from the Federal University of Santa Catarina, Brazil, and a master of science degree in mechanical engineering from the Federal University of Parana, Brazil.

He began his career with the Volvo Group in 1979 at Volvo do Brazil and has since held a number of management positions in Volvo companies in Brazil, Sweden and the United States.

He will be relocating to the Hagerstown area in the near future.

Hungria will replace Sten-ke Aronsson, current senior vice president and head of Volvo Powertrain North America, who is retiring and returning to his home in Sweden after a successful three years managing the Hagerstown facility. Aronsson has been a resident of Hagerstown and the senior executive at the facility since his appointment in 2004.

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He has been with the Volvo organization since 1995, but held many managerial positions with large multinational Swedish firms previously. Before he joined Volvo Trucks in 1995, he held several senior management positions in both SKF and SAAB-Scania, including positions in product development, purchasing and manufacturing. During his tenure in Hagerstown, Aronsson was responsible for the completion of a $150 million, multi-year transformation of the 40-year-old manufacturing facility on Pennsylvania Avenue and the addition of a state-of-the-art engine development laboratory, among other successful projects.

Volvo Powertrain is a business unit of Volvo Group, a publicly held company headquartered in Gothenburg, Sweden. With annual sales of approximately $34 billion, Volvo's business areas 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 (symbol: VOLV). For more information about the Volvo Group, visit www.volvo.com.

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