Volvo Group

Business, Technology, Fuel

Volvo Plans to Sell First Heavy-Duty Electric Trucks in December

Volvo Trucks North America announced Nov. 5 that it will begin sales of the VNR Electric model on Dec. 3. Volvo Trucks North America announced Nov. 5 that it will begin sales of the VNR Electric model on Dec. 3. (Patrick Daly/Volvo Trucks North America)

Volvo Trucks North America announced it will begin selling its Volvo VNR Electric model Dec. 3 as production at its New River Valley manufacturing plant in Dublin, Va., is slated for early 2021.

November 5, 2020
Business, Equipment

Volvo Sees Q3 Profit, Revenue Fall but Notes Improvement Near End of Quarter

Volvo headquarters Volvo Group

Volvo Group posted third-quarter declines in net income and revenue as truck orders rose but deliveries dropped.

Roger Gilroy | Senior Reporter
October 20, 2020
Government, Business, Equipment

Volvo Announces Plan to Cut 4,100 From Workforce

Trucks roll on assembly line at a Volvo plant in Sweden Trucks roll on the assembly line at a Volvo manufacturing plant in Sweden. Of the 4,100 positions Volvo is cutting, 1,250 are located in Sweden. (Volvo Group)

Volvo Group will reduce its white-collar workforce by 4,100 starting in the second half of the year as it confronts lower demand during the novel coronavirus pandemic.

Roger Gilroy | Senior Reporter
June 16, 2020
Business, Technology, Fuel

Daimler Truck Coordinates Fuel Cell Activities With New Company

Andreas Gorbach and Christian Mohrdieck Andreas Gorbach (from left) and Christian Mohrdieck, managing directors of Daimler Truck Fuel Cell GmbH & Co. (Daimler AG - Product Communications Daimler Trucks)

Daimler Truck AG has established Daimler Truck Fuel Cell GmbH & Co., the organizational and legal framework intended to bring together all of the group’s fuel cell activities.

Roger Gilroy | Senior Reporter
June 8, 2020
Business, Equipment

Volvo Group Reports Q1 Net Income, Revenue Setbacks

Volvo VNL Volvo VNL by Volvo Trucks

Volvo Group reported first-quarter net income and revenue fell amid lower truck orders and deliveries as the coronavirus pandemic intensified.

Roger Gilroy | Senior Reporter
April 23, 2020
Business, Technology, Fuel, Breaking News

Daimler Truck AG, Volvo Group Plan Joint Venture on Hydrogen Fuel Systems

Martin Daum and Martin Lundstedt Martin Daum (left) and Martin Lundstedt by Daimler AG

Global truck manufacturers Daimler Truck AG and Volvo Group have reached a preliminary agreement on a joint venture to develop, produce and commercialize fuel cell systems in heavy-duty vehicles by the second half of the decade.

Roger Gilroy | Senior Reporter
April 21, 2020
Business, Technology, Equipment, Fuel, Autonomous

Electric Trucks Must Reap Financial and Environmental Benefits, Execs Say

VNR trucks Dependable Supply Chain Services and NFI Industries are piloting Volvo's VNR battery-electric heavy-duty trucks. (Volvo LIGHTS Project)

FONTANA, Calif. — The financial case must be just as sound as the environmental argument if electric trucks are to succeed in the marketplace, stakeholders said.

Joe Howard | Executive Editor
February 19, 2020
Business, Technology, Logistics, Autonomous

Volvo Taps Nils Jaeger to Lead Autonomous Unit

Volvo grille Justin Ide/Bloomberg

Volvo Group appointed Nils Jaeger president of its new autonomous solutions business unit.

December 20, 2019
Business, Technology, Equipment, Autonomous

Volvo Sells UD Trucks Unit to Isuzu for $2.3 Billion

 Quon model from UD Trucks Quon model by UD Trucks

Volvo Group agreed to sell its UD Trucks unit to Isuzu Motors Ltd. for about $2.3 billion and announced plans to forge a strategic alliance with its Japanese rival, the latest sign of consolidation in the global automotive industry.

Shiho Takezawa | Bloomberg News
December 18, 2019
Business, Technology, Safety, Autonomous

Volvo Group Venture Capital Invests in Apex.AI, Autotech Ventures

Workers install a Volvo engine on an assembly line Workers install a Volvo engine on the assembly line at the Dublin, Va., plant. (Volvo Group Truck Operations)

Volvo Group Venture Capital AB announced it invested in Apex.AI, a startup software company involved in autonomous mobility, to help fund the development of a safety-certified software framework for autonomous systems.

Roger Gilroy | Senior Reporter
December 10, 2019

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