The manufacturer's suggested retail price for Prowler is $40,000, which includes destination. When Prowler was first introduced in 1997, the vehicle was offered only in Prowler Purple. In March of 1998, yellow was added to the color palette and in November of 1998, black was made available. Red Prowler production began in December of 1998.

"The agreement with Meritor gives us a secure supply of rear axles for our assembly plants over the world. At the same time, we benefit from Meritor's economies of scale," says Karl-Erling Trogen, President and CEO of Volvo Trucks. "This agreement boosts the Volvo Trucks commercial foundation and reinforces our global presence strategy.

The parties signed a memorandum of understanding on 11 June 1998, with the negotiations finally concluding last week. Meritor acquires the Lindesberg plant for 135 million USD in cash. Under the terms fo the agreement, Meritor will become the primary supplier of heavy-duty axles for Volvo's global heavy truck operations. Altoghether the agreement will have a positive effect on Volvo Truck Corporation's result. The plant will be transferred to Meritor's ownership at the end of December this year, and will continue to supply rear axles for Volvo's European heavy truck range.

Under the terms of the agreement, Meritor takes over the development responsibility for forthcoming generations of rear axles. The factory in Lindesberg also supplies rear axles and related components to Volvo Buses and Volvo Construction Equipment.