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DUBLIN, Va. — Volvo Trucks North America offered media a sneak preview of its redesigned VNL Class 8 tractor during a ride-and-drive event at its customer center.

A jump in truck sales and margins in the fourth quarter of 2023 at Volvo Group saw the Swedish original equipment manufacturer’s profits almost double year-over-year, it said Jan. 26.

Volvo AB declined after saying it will gradually reduce production in line with normalizing demand after years of supply chain disruptions that left manufacturers with record order banks.

Volvo Trucks North America has battery-electric, hydrogen fuel cell and renewable fuel internal combustion engine versions on the horizon. 

Volvo AB’s second-largest shareholder Geely confirmed it lowered its stake in the company by redeeming bondholders with the truck maker’s shares over the past months.

Milence opened phase one of its first heavy-duty vehicle charging hub in the Dutch town of Venlo, it said recently.

Now is the time for fleets to meet the challenge of complying with next year’s CARB regulations, a panelist said during a virtual Volvo Trucks regulatory workshop. 

Volvo Group will acquire the battery business of Proterra Inc. and Proterra Operating Co., the businesses said separately.

AUSTIN, Texas — VTNA has introduced a new fleet management portal designed to make it easier for trucking operations to monitor health and performance through connected vehicle technology.

Volvo Group, one of the world’s largest truck makers, has proposed that Par Boman be appointed its new chairman at the Swedish company’s annual general meeting in March.