Improved order intake

Deliveries during the fourth quarter were on the same level as the year-earlier, 3,230 buses compared with 3,272 in 2009.

During the fourth quarter, order intake totaled 3,677 buses, compared with 3,003 buses in the year-earlier period, an increase of 22%. South America and Asia Pacific accounted for the largest increase. Included in the fourth quarter is an order from Perth, Australia for 650 buses over 10 years.

During the quarter, the largest order to date in India was signed, 100 coaches, which will be delivered in 2011. At the same time, Volvo Buses announced that it had acquired the remainder of the shares (30%) from the joint-venture partner, Azad Group, in India.

Volvo is the leading supplier of buses for the BRT systems in Latin America. During the quarter, Volvo Buses received orders for 463 bus chassis, of which 383 for the major BRT system in Curitiba, Brazil and 80 for articulated buses for Quito, Ecuador.