Volvo Group

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
Business, Technology, Fuel, Autonomous

Volvo Trucks Sells First Electric Trucks to European Customers

Volvo FL Volvo FL by Volvo Trucks

Volvo Trucks announced the start of sales of Volvo FL and Volvo FE electric trucks in selected markets within Europe, including for distribution and refuse hauling, as the region faces increasing demand for environmentally conscious urban transport.

November 6, 2019
Business, Technology, Equipment, Autonomous

Volvo Reports Modest Gains in Q3 Net Income, Revenue

Volvo grille Justin Ide/Bloomberg

Volvo Group reported a marginal increase in net income and a modest bump in revenue in the third quarter, citing slowing markets for trucks, construction equipment, and marine and industrial engines.

Roger Gilroy | Senior Reporter
October 18, 2019
Business, Technology, Fuel, Autonomous

Volvo to Cut Carbon Footprint in Bid to Sell Electric SUVs

Volvo XC40 Volvo XC40 by Volvo Car USA

Volvo is tying the launch of its first all-electric vehicle — the XC40 Recharge crossover — to a broader plan for shrinking the carbon footprint of its models by 40% through 2025.

Gabrielle Coppola | Bloomberg News
October 16, 2019
Business, Technology, Safety, Autonomous

Volvo Marks Major Anniversaries of Connected Technology, Accident Research

Volvo Accident Research Team 2019 marks 50 years since the start of Volvo Trucks’ Accident Research Team. (Volvo Truck Corp.)

Volvo Group celebrated a milestone in the number of connected vehicles sold to customers over the past 25 years, while its truck unit, Volvo Trucks, celebrated its 50th anniversary of performing accident reconstruction and analysis.

Roger Gilroy | Senior Reporter
October 7, 2019

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