Niclas Rolander

Business, Fuel

Volvo Counting on Hybrid Cars to Pay Hefty CO2 Fines

The Volvo XC40 Recharge electric SUV is displayed during an event in Los Angeles in October 2019. The Volvo XC40 Recharge electric SUV is displayed during an event in Los Angeles in October 2019. (Patrick T. Fallon/Bloomberg News)

Volvo Car AB is counting on tripling sales of plug-in hybrid models this year as a way to avoid paying what could amount to hundreds of millions of euros in European penalties for the sale of its more polluting yet popular combustion-engine SUVs.

Niclas Rolander | Bloomberg News
January 27, 2020
Business, Equipment

Volvo Braces for 2020 Slump as Truck Orders Hit the Brakes

Volvo truck at truck stop A Volvo truck at a truck stop. (Volvo Trucks)

Volvo Group is preparing for more output cuts after forecasting a slump in truck deliveries next year in North America and Europe on weaker demand.

Niclas Rolander | Bloomberg News
October 18, 2019
Business, Technology

Volvo Quarterly Earnings Surge as North America Deliveries Jump

Volvo Krisztian Bocsi/Bloomberg News

Volvo Group’s second-quarter earnings beat analyst expectations, as truck deliveries rose and the company increased its market forecasts for North America and Europe this year.

Niclas Rolander | Bloomberg News
July 18, 2019
Business, Technology, Equipment

Volvo Group Uncovers Faulty Component in Emissions Setup

Volvo logo on a truck grille Volvo logo on a truck grille (Justin Ide/Bloomberg News)

Volvo, the world’s second-largest truckmaker, has uncovered a faulty component in the emissions-control setup of vehicles widely sold in Europe and the U.S., the manufacturer’s biggest markets.

Niclas Rolander | Bloomberg News
October 16, 2018
Government, Business

Kion to Acquire Warehouse Robot Firm for $2.1 Billion

DematicCorp

German forklift maker Kion Group AG agreed to buy robot maker Dematic for about $2.1 billion to expand in the United States and tap demand from Amazon.com and other online retailers as they look to automate warehouses.

Niclas Rolander | Bloomberg News
June 24, 2016