Volvo Group News Updates

BusinessTechnologyLogisticsAutonomous

Volvo, Aurora Pair for Autonomous Trucking Service

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

March 30, 2021
BusinessTechnologyFuel

Volvo Group Posts Higher Q4 Net Income

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

February 3, 2021
BusinessTechnologyFuel

Volvo Plans to Sell First Heavy-Duty Electric Trucks in December

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
BusinessEquipment

Volvo Sees Q3 Profit, Revenue Fall but Notes Improvement Near End of Quarter

Volvo Group posted third-quarter declines in net income and revenue as truck orders rose but deliveries dropped.

October 20, 2020
GovernmentBusinessEquipment

Volvo Announces Plan to Cut 4,100 From Workforce

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, 2020
BusinessTechnologyFuel

Daimler Truck Coordinates Fuel Cell Activities With New Company

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, 2020
BusinessEquipment

Volvo Group Reports Q1 Net Income, Revenue Setbacks

Volvo Group reported first-quarter net income and revenue fell amid lower truck orders and deliveries as the coronavirus pandemic intensified.

April 23, 2020
BusinessTechnologyFuelBreaking News

Daimler Truck AG, Volvo Group Plan Joint Venture on Hydrogen Fuel Systems

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
BusinessTechnologyEquipmentFuelAutonomous

Electric Trucks Must Reap Financial and Environmental Benefits, Execs Say

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.

February 19, 2020
BusinessTechnologyLogisticsAutonomous

Volvo Taps Nils Jaeger to Lead Autonomous Unit

Volvo Group appointed Nils Jaeger president of its new autonomous solutions business unit.

December 20, 2019