Tag Archives: Volvo Group

New ACEA Chair Domenico Nucera Aims to Lead Bus Sector Toward Decarbonization

(IN BRIEF) Domenico Nucera, President of Iveco Group’s Bus Business Unit, has been appointed as the Chairperson of the bus and coach division of the European Automobile Manufacturers’ Association (ACEA). Nucera’s role is crucial as the European Union aims for … Read the full press release

Hydro Expands Commitment to Green Transition with First Suppliers Hub Membership

(IN BRIEF) Hydro, a leader in low-carbon aluminum production, has joined the First Suppliers Hub, a tool launched at the World Economic Forum’s annual meeting in Davos. The hub streamlines the transition from climate commitments to action for companies dedicated … Read the full press release

Volvo Group Explores Potential Sale of Arquus, Expects Negative Impact on Q4 2023 Income

(IN BRIEF) The Volvo Group has entered into an option agreement with John Cockerill Defense, allowing Volvo to potentially sell Arquus, a company specializing in defense vehicle manufacturing. The agreement requires consultations with employee representative bodies, expected to conclude in … Read the full press release

Volvo Group to Acquire Proterra’s Battery-Electric Business for $210M in Chapter 11 Bankruptcy Auction

(IN BRIEF) Proterra Inc. and Proterra Operating Company Inc. have initiated a voluntary Chapter 11 bankruptcy process in the United States, and Volvo Group has emerged as the winning bidder in an auction to acquire the assets of the Proterra … Read the full press release

Volvo Group Australia Bolsters Executive Team to Foster Government and Industry Partnerships

(IN BRIEF) Volvo Group Australia has made significant appointments to its Executive Leadership Team to strengthen relationships with government and industry stakeholders. Lauren Pulitano, a seasoned professional with 15 years at Volvo Group, becomes the Vice President of Public Affairs, … Read the full press release

Electrification Advancements: Volvo Penta and FTMH Forge Ahead in Forklift Industry

(IN BRIEF) Volvo Penta and FTMH have expanded their partnership to include the development of electric forklifts. FTMH, an Italian heavy equipment manufacturer, will work closely with Volvo Penta to electrify various forklift models. The collaboration demonstrates the success of … Read the full press release

Volvo Group Partners with Vattenfall for Renewable Electricity Supply from Bruzaholm Wind Park

(IN BRIEF) Volvo Group has entered a long-term agreement with Vattenfall, Sweden’s largest renewable electricity producer, to purchase 50% of the renewable electricity generated at the Bruzaholm wind park over a 10-year period. The partnership is part of Volvo Group’s … Read the full press release

Volvo Group Drives Dialogue between Policymakers and Industry at Mobility Transformation Forum in Brussels

(IN BRIEF) Volvo Group is hosting its annual Mobility Transformation Forum in Brussels, emphasizing the need for dialogue between policymakers and the industry on the future of mobility. The event will showcase Volvo Group’s investments in fossil-free propulsion technologies and … Read the full press release

Stephen Roy to take over as President of Mack Trucks and join Volvo Group’s Executive Board

(IN BRIEF) Stephen Roy has been appointed as the new President of Mack Trucks and a new member of Volvo Group’s Executive Board. He will replace Martin Weissburg, who is retiring from the company. Roy has been associated with Volvo … Read the full press release

Volvo Group’s CampX accelerator adds fintech to innovation focus areas

(IN BRIEF) Volvo Group’s innovation hub, CampX, has expanded its focus areas to include financial technology (fintech) to accelerate the transition to sustainable transport solutions. Fintech is transforming the financial services industry through partnerships with startups and changing how customers … Read the full press release

Isuzu Motors completes acquisition of UD Trucks from Volvo Group

(PRESS RELEASE) GOTHENBURG, 1-Arp-2021 — /EuropaWire/ — The Volvo Group announces that it has completed the transaction with Isuzu Motors whereby the Japanese commercial vehicle company acquired UD Trucks from the Volvo Group for an enterprise value of JPY 243 … Read the full press release

Hydrogen-based fuel-cell systems: Volvo Group acquires 50 percent in Daimler Truck Fuel Cell GmbH & Co. KG for approximately EUR 600 million

The new partnership will focus on hydrogen-based fuel-cell systems for use in heavy-duty trucks (PRESS RELEASE) STUTTGART/ GOTHENBURG, 2-Nov-2020 — /EuropaWire/ — The Volvo Group (STO: VOLV-B), a Swedish multinational manufacturing company, and Daimler Truck AG, one of the world’s … Read the full press release

Volvo Group Venture Capital supports the advancement of a safety-certified software framework for autonomous systems

(PRESS RELEASE) GOTHENBURG, 5-Dec-2019 — /EuropaWire/ — Volvo Group Venture Capital AB invested in a leading software company in autonomous mobility. The investment in Apex.AI will support the advancement of a safety-certified software framework for autonomous systems. Apex.AI is based … Read the full press release

Volvo Group President and CEO Martin Lundstedt appointed “Leader of the year 2018”

GOTHENBURG, 19-Nov-2018 — /EuropaWire/ — The newspaper Affärsvärlden, together with PA Consulting, Mannheimer Swartling, Wipro and Korn Ferry, has appointed the Volvo Group President and CEO Martin Lundstedt “Leader of the year 2018.” Enthusiasm, deep industry knowledge and extensive teamwork are … Read the full press release

Volvo Group completes divestment of Chinese subsidiary holding shares in Inner Mongolia North Hauler Joint Stock for approximately SEK 1.0 billion

GOTHENBURG, 14-May-2018 — /EuropaWire/ — Volvo Group has now completed the previously announced divestment of a Chinese subsidiary holding shares in Inner Mongolia North Hauler Joint Stock Co., Ltd (NHL) for approximately SEK 1.0 billion. The divestment resulted in a capital … Read the full press release

Volvo Group starts a training programme for truck drivers in Morocco

GOTHENBURG, 11-Apr-2018 — /EuropaWire/ — The Volvo Group is starting a training programme for truck drivers in Morocco. This is the second driver training school in Africa that the group is involved in. The aim of the schools is to increase … Read the full press release

Volvo Group donates three Renault trucks, foodstuffs and other essential supplies to support French association “Les Restos du Cœur”

Renault Trucks in France, part of the Volvo Group, and its employees are committed to the French association “Les Restos du Cœur”. The initiative is part of the annual charity gift of the Volvo Group. This year, the Group has … Read the full press release

Volvo Group: Martin Weissburg becomes President of Mack Trucks effective June 1, 2018

Martin Weissburg, currently President of Volvo Construction Equipment, will become President of Mack Trucks effective June 1, 2018, in which capacity he will continue to be a member of the Executive Board for the Volvo Group. GOTHENBURG, 12-Dec-2017 — /EuropaWire/ … Read the full press release

Self-driving truck for hub-to-hub transportations demonstrated at the Volvo Group Innovation Summit in Beijing

Gothenburg, Sweden, 17-Nov-2017 — /EuropaWire/ — The self-driving truck, driving autonomously from one hub to another, is part of a development project exploring how automation can contribute to increased productivity, enhanced safety and lower environmental impact. It has for the first … Read the full press release

Volvo Group to start a vocational training programme for truck drivers in Ethiopia

The Volvo Group is helping to train mechanics in Africa and its next move is to start a vocational training programme for truck drivers in Ethiopia. GOTHENBURG, 09-Jun-2017 — /EuropaWire/ — “This helps to create jobs and promote economic growth in … Read the full press release

Volvo Group will host its inaugural Innovation Summit in London on May 16, 2017

GOTHENBURG, 10-May-2017 — /EuropaWire/ — With a focus on ‘Smart cities – infrastructure and transport of the future’, Volvo Group will host its inaugural Innovation Summit in London on May 16, 2017. Moderated by Richard Westcott, the BBC’s transport correspondent, the … Read the full press release

Volvo Group Signs New Two-Year Agreement With Leading Lyon Business School

The Volvo Group is extending its relations with emlyon business school, which becomes a preferred partner for the development of innovative training and learning methods. GOTHENBURG, 22-Mar-2017 — /EuropaWire/ — As part of its global partnership program with further education – … Read the full press release

Die Volvo Group hat MAHLE den Supplier Award 2016 in der Kategorie „Innovation und Kraftstoffeffizienz“ verliehen

STUTTGART, 01-Mar-2016 — /EuropaWire/ — Die Volvo Group hat MAHLE den Supplier Award 2016 in der Kategorie „Innovation und Kraftstoffeffizienz“ verliehen. Der Hersteller honoriert damit die Innovationskraft und das ganzheitliche System-Know-how von MAHLE im Segment Nutzfahrzeuge. Als nachhaltigen Beitrag zur Kraftstoffeffizienz … Read the full press release

Volvo Group unveils brand-based organization with clearer commercial accountability for its various truck brands

The Volvo Group is introducing a brand-based organization with clearer commercial accountability for the Group’s various truck brands. Four separate units will be created: Volvo Trucks, UD Trucks, Renault Trucks and Mack Trucks, each with profit and loss responsibility for … Read the full press release

Volvo Group won Arbitration Tribunal case with positive impact of SEK 800m in Q4

GOTHENBURG, 16-11-2015 — /EuropaWire/ — The Volvo Group has won a case in the Arbitration Tribunal relating to defective components delivered by an international supplier. The deliveries were made several years ago and the problem was corrected in the production process … Read the full press release

Volvo Group CEO Olof Persson presented details on the financial effects of the company’s previously established strategy program

At the Volvo Group’s capital markets day in Gothenburg today, CEO Olof Persson presents the details of how the company’s previously established strategy program aims to have a positive impact of 3 percentage points on the Group’s operating margin by … Read the full press release

Volvo Group and Eicher Motors Ltd joint-venture introduced new range of trucks and buses developed specifically for India

Gothenburg, Sweden, 06-12-2013 — /EuropaWire/ — On December 2, VE Commercial Vehicles Ltd (VECV), a joint-venture between the Volvo Group and Eicher Motors Ltd, launched the Pro Series, a new range of trucks and buses developed specifically for India and other selected … Read the full press release

Volvo Group’s truck operations delivered 16,732 vehicles in May 2013

18-6-2013 — /europawire.eu/ — Deliveries from the Volvo Group’s truck operations in May 2013 amounted to 16,732 vehicles. This was a decrease of 9% compared with the year-earlier month. Volvo Group Total deliveries by market for all brands (Volvo, Mack, Renault … Read the full press release

Volvo Group invested over €2 billion in Renault Trucks renewal

New Renault Trucks Range: Centres of profit serving customers’ businesses 12-6-2013 — /europawire.eu/ — Renault Trucks is taking advantage of the switch to the Euro 6 standard to totally renew its entire range. This renewal has been the object of an … Read the full press release

Volvo Group delivered 16,572 trucks in April 2013

5-6-2013 — /europawire.eu/ — Deliveries from the Volvo Group’s truck operations in April 2013 amounted to 16,572 vehicles. This was a decrease of 2% compared with the year-earlier month. Volvo Group – Total deliveries by market for all brands (Volvo, Mack, Renault … Read the full press release