Volvo Group
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. (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, 2020Volvo Sees Q3 Profit, Revenue Fall but Notes Improvement Near End of Quarter
Volvo Group
Volvo Group posted third-quarter declines in net income and revenue as truck orders rose but deliveries dropped.
October 20, 2020Volvo Announces Plan to Cut 4,100 From Workforce
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.
June 16, 2020Daimler Truck Coordinates Fuel Cell Activities With New Company
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.
June 8, 2020Volvo Group Reports Q1 Net Income, Revenue Setbacks
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.
April 23, 2020Daimler Truck AG, Volvo Group Plan Joint Venture on Hydrogen Fuel Systems
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.
April 21, 2020Electric Trucks Must Reap Financial and Environmental Benefits, Execs Say
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.
February 19, 2020Volvo Taps Nils Jaeger to Lead Autonomous Unit
Justin Ide/Bloomberg
Volvo Group appointed Nils Jaeger president of its new autonomous solutions business unit.
December 20, 2019Volvo Sells UD Trucks Unit to Isuzu for $2.3 Billion
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.
December 18, 2019Volvo Group Venture Capital Invests in Apex.AI, Autotech Ventures
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.
December 10, 2019