Volvo Group

Business

Volvo Shareholders to Get $2.3 Billion Payout From UD Truck Sale

A Volvo sign outside a company facility Kristian Helgesen/Bloomberg News

Volvo Group shareholders are in line for a big payout, with the truck maker planning to pass along all of the proceeds from the sale of a Japanese business earlier this year.

Niclas Rolander | Bloomberg News
June 1, 2021
Business, Technology, Equipment

Volvo Plans for Fossil-Free Steel in Trucks

Volvo VNL760 Volvo VNL 760 (Volvo Trucks)

Volvo Group has signed a collaboration agreement with steel company SSAB to cover research and development of what Volvo called the world’s first vehicles to be made of fossil-free steel.

April 9, 2021
Business, Technology, Logistics, Autonomous

Volvo, Aurora Pair for Autonomous Trucking Service

Volvo Aurora truck Volvo Group

Volvo Group will partner with Aurora Innovation Inc. to develop and commercialize autonomous Class 8 trucks in North America.

Jerry Hirsch | Contributing Writer
March 30, 2021
Business, Technology, Fuel

Volvo Group Posts Higher Q4 Net Income

Volvo lineup Volvo Group

Volvo Group reported fourth-quarter net income rose amid a surge in North American truck orders, but revenue slipped.

Roger Gilroy | Senior Reporter
February 3, 2021
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

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