Business

Volvo Shareholders to Get $2.3 Billion Payout From UD Truck Sale

Volvo Group shareholders are in line for a big payout, with the truck maker planning to pass along all of the proceeds from the sale of a Japanese business earlier this year.

Niclas Rolander | Bloomberg News
June 1, 2021
Business, Technology, Autonomous

Electric Truck Startup Einride Raises $110 Million

Swedish electric-truck startup Einride AB has raised $110 million from investors, including the venture capital arm of the world’s largest shipping company, A.P. Moller-Maersk A/S, to expand its logistics business in Europe and in the U.S.

Niclas Rolander | Bloomberg News
May 7, 2021
Business, Technology, Equipment, Logistics

Volvo Group Sees More Risk From ‘Unstable’ Chip Supply Chain

Volvo Group said it may see further disruption from the semiconductor shortage that has forced the truck maker to idle plants, potentially hobbling a recovery that has seen orders more than double.

Niclas Rolander | Bloomberg News
April 22, 2021
Business, Technology, Equipment

Chip Shortage Could Stall Volvo Truck Production Up to a Month

Volvo Group declined after the truck maker said it will have to suspend production across its operations because of the shortage of semiconductors that has disrupted the car industry for months.

Niclas Rolander | Bloomberg News
March 23, 2021
Business, Fuel

Volvo Counting on Hybrid Cars to Pay Hefty CO2 Fines

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 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 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, 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

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