Business, Technology, Equipment

Volvo Shares Fall After Outlining Truck Production Cuts

Volvo AB declined after saying it will gradually reduce production in line with normalizing demand after years of supply chain disruptions that left manufacturers with record order banks.

Rafaela Lindeberg | Bloomberg News
January 26, 2024
Business, Technology

Geely Cuts Volvo Stake but Says Will Stay Long-Term Investor

Volvo AB’s second-largest shareholder Geely confirmed it lowered its stake in the company by redeeming bondholders with the truck maker’s shares over the past months.

Rafaela Lindeberg | Bloomberg News
January 10, 2024
Business, Technology, Equipment

Scania Will Offer Electric Trucks as Pay-Per-Use

Scania is combining with logistics firm sennder Technologies to deploy 100 e-trucks to carriers in Germany.

Rafaela Lindeberg | Bloomberg News
November 8, 2023
Business, Equipment

Volvo Picks New Chairman Amid Spinoff Talk

Volvo Group, one of the world’s largest truck makers, has proposed that Par Boman be appointed its new chairman at the Swedish company’s annual general meeting in March.

Rafaela Lindeberg | Bloomberg News
September 22, 2023
Business, Technology, Equipment, Fuel

Geely: All Options Open on Volvo Stake After Daimler Sale

Volvo AB’s second-largest shareholder, Geely, said while it’s not currently planning any changes to its position, “anything is possible” in the future.

Rafaela Lindeberg | Bloomberg News
April 4, 2023
Business, Technology

Chinese Billionaire Sells $1.6 Billion Daimler Truck Stake

Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co. has divested its 6.3% stake in truck maker Daimler Truck Holding AG, equivalent to roughly $1.6 billion.

Rafaela Lindeberg | Bloomberg News
March 16, 2023
Business, Technology

Coke’s Electric Renault Trucks Debut Before Tesla’s Pepsi Semis

Renault Trucks has helped Coca-Cola beat Pepsi and Tesla Inc. to the punch on electric deliveries. Coca-Cola will start using battery trucks from the Volvo AB-owned brand for local trips in Belgium on Nov. 24.

Rafaela Lindeberg | Bloomberg News
November 28, 2022
Business, Technology, Fuel

Polestar to Share Battery Tech With Boat Maker

Electric carmaker Polestar Automotive Holding has agreed to share battery technology with Candela Speed Boat AB, a startup trying to electrify leisure boats and water taxis.

Rafaela Lindeberg | Bloomberg News
August 23, 2022
Business, Technology, Equipment, Fuel

Volvo Plans to Make Its Own Batteries in Electric Truck Shift

Volvo AB plans to build a “large-scale” battery plant in Sweden to meet an expected surge in demand for electric trucks and buses.

Rafaela Lindeberg | Bloomberg News
August 3, 2022
Government, Business, Technology, Safety, Autonomous

Einride Gets NHTSA Approval to Test Driverless Pods on US Roads

Electric truck maker Einride AB has received approvals to test its driverless vehicle on public roads in the U.S., paving the way for the company to conduct a pilot with partner GE Appliances.

Rafaela Lindeberg | Bloomberg News
June 23, 2022