CONTENTS

EXECUTIVE SUMMARY

SUMMARY OF OPERATIONS

• VOLVO CONSTRUCTION EQUIPMENT GROUP
• RECENT MAJOR ACQUISITIONS/DIVESTITURES
• FINANCIAL RESULTS/SALES ANALYSIS
• FINANCIAL RESULTS/SALES ANALYSIS: 2000 VS. 1999
• CORPORATE LEADERSHIP
• MANUFACTURING FACILITIES
• DISTRIBUTION

CORPORATE STRATEGY

• INTERNET MARKET PLACE
• RENTAL OUTLET INITIATIVE

PRODUCT ANALYSIS

• NORTH AMERICAN CONSTRUCTION MACHINERY PRODUCTION
• NORTH AMERICAN CONSTRUCTION MACHINERY SALES
  • ARTICULATED HAULERS
  • RIGID HAULERS
  • HYDRAULIC EXCAVATORS
  • WHEEL LOADERS
  • MOTOR GRADERS
  • ASPHALT PAVERS AND COMPACTORS