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VOLVO2008 OUTLOOK• Negative effect of the economic downturn and adverse currencyexchange• But… top priority is to return Volvo to sustainable profitability• Strengthen core brand values of safety, environment andScandinavian design.• Launch the all-new XC60• Continuing to capitalise on momentum in growing markets• Maintain synergies with Ford in development of sharedtechnologies• Appropriate business arrangements to allow Volvo to operate on amore stand-alone basisSTRENGTHEN THE VOLVO BUSINESSSLIDE 7

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