The original Landsverk L181
| Company Name | Landsverk L181 (Bussing-NAG) |
| Dutch Name | Pantserwagen M.38 |
| Use | Cavalry Squadrons (Reconnaissance) |
| Main Armament | Bofors 37mm |
| Secondary Armament | 3 Lewis 7.9mm MG |
| Armour | 5 - 9 mm |
| Engine | Bussing-NAG, 8-cyl, 150hp@3000 rpm |
| Weight | 7000 kg |
| Speed | 60kph, 40kph reverse |
| Crew | 5 |
| Number in use | 14 (2nd Squadron, 1st Sqn. Command) |
| Date in use | 1938 - 1940 |