Volvo AB has agreed to spend nearly $900 million to form a joint venture with China’s Dongfeng Motor Group Co. to expand Volvo’s presence in that country and become what it said would be the world’s largest maker of heavy-duty trucks.
February 4, 2013Business
Volvo Inks Truck Partnership With China’s Dongfeng
Volvo AB signed an agreement with China’s Dongfeng Motor Group Co. to acquire 45% of a new commercial-vehicles subsidiary of the Chinese company for about $900 million.
January 28, 2013Business
Volvo to Award Two Fleets $25,000 Each in Annual Safety Contest
Volvo Trucks said Wednesday it is again sponsoring the Volvo Trucks Safety Award, a contest that will award the two safest fleets in the U.S. and Canada with $25,000 each, to be used toward their safety-related activities.
January 23, 2013Business
Volvo Trucks to Take Restructuring Charge
Volvo Trucks announced on Tuesday the details of a restructuring charge related to the reorganization of its global businesses.
January 15, 2013Business
Volvo Trucks’ Nyberg Sees Opportunities in Additional Markets, Alternative Fuels
Göran Nyberg, Volvo Trucks’ new president of North American sales and marketing, pointed to opportunities in the regional and vocational markets, alternative fuel offerings and an expanding dealer network as keys to the company’s growth.
December 24, 2012Business
Volvo, Mack Truck Models Get Greenhouse Gas Nod From EPA
Volvo Trucks and Mack Trucks Inc. became the latest heavy-duty truck makers to announce their truck models meet 2014 federal greenhouse-gas regulations.
December 17, 2012Business
Renault Sells Its 6.5% Stake in Volvo
French automaker Renault SA sold its remaining 6.5% stake in Volvo AB for about $1.92 billion, ending an 11-year run as Volvo’s largest owner, Bloomberg reported Thursday.
December 13, 2012Business
Volvo’s October North American Deliveries Decline 8%
Volvo AB said Friday its North American truck deliveries fell 8% in October from a year ago, though year-to-date sales are 23% over the same period last year.
November 16, 2012Business
Volvo’s 3Q Earnings Decline
Volvo AB’s third-quarter earnings declined as slower truck sales outside of North America offset gains in that region, the company said Wednesday.
October 24, 2012Special Coverage, Business
Volvo Names Safety Award Winners
LAS VEGAS — Volvo Trucks named Erb International and Muñoz Trucking as the 2012 winners of its fourth annual Safety Awards.
October 10, 2012