Volvo to Participate in Joint Program on Vehicle Technology

The Volvo Group said late last month it will be participating in a joint environmental program between the U.S. and Swedish Governments.

The program is aimed at reducing consumption of fossil fuel by focusing on projects within the areas of energy and vehicle development. For Volvo, it would involve producing powertrains based on alternative fuels suitable for heavy vehicles such as trucks.

The cooperation is a result of a research and development agreement signed in June 2006 by the two governments.

Volvo is the parent company of U.S. truck makers Volvo Trucks North America and Mack Trucks.