Volvo News Updates

Parent company HayWay Group employs 900 staff in Europe and operates in 11 European countries, CEO Artur Lewandowski said in an interview with Transport Topics.

Before filing for bankruptcy, Luminar struck an agreement with Quantum Computing to sell it the equity of its subsidiary, Luminar Semiconductor, for $110 million in cash.

The autonomous trucks will be manufactured at Volvo Trucks North America’s New River Valley production plant in Dublin, Va. The first batch was built there in the final quarter of 2024.

A redesigned VNR is part of a comprehensive overhaul of VTNA’s on-highway tractor portfolio, after the Volvo Group unit unveiled a revamp of its flagship VNL tractor in January 2024.

Volvo Trucks North America’s VNR Electric model has reached 20 million miles of on-the-road customer operations, the OEM said at MCE 2025.

Gothenburg, Sweden-based Volvo Group — parent company of Volvo Trucks North America and Mack Trucks — sold 9,622 trucks in North America, compared with 12,026 a year earlier.

The manufacturer on Oct. 17 projected declining North American truck registrations for 2026, with CEO Martin Lundstedt citing rising uncertainty tied to President Trump’s planned duties.

VTNA launched redesigns of the flagship Class 8 on-highway VNL tractor and VNR regional-haul semi in January 2024 and March 2025, respectively.

Freight cycles typically last 14 to 15 months, according to Werner CEO Derek Leathers, but the current downswing has gone on for double that. “It’s the worst one I’ve ever seen."

Volvo Trucks North America believes its recently redesigned VNL over-the-road model includes features that can help customers navigate the industry’s challenging market dynamics.