Volvo Group
Volvo Shareholders to Get $2.3 Billion Payout From UD Truck Sale
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.
June 1, 2021Volvo Plans for Fossil-Free Steel in Trucks
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, 2021Volvo, Aurora Pair for Autonomous Trucking Service
Volvo Group
Volvo Group will partner with Aurora Innovation Inc. to develop and commercialize autonomous Class 8 trucks in North America.
March 30, 2021Volvo Group Posts Higher Q4 Net Income
Volvo Group
Volvo Group reported fourth-quarter net income rose amid a surge in North American truck orders, but revenue slipped.
February 3, 2021Volvo 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, 2020