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Prevost Says New York State MTA Awarded Co 2 Contracts For Up To 330 Buses, With Firm Order Of 307 Buses To Be Delivered Between 2020 And 2022
Volvo Group And Isuzu Motors Intend To Form Strategic Alliance
Volvo Group Venture Capital Invests In Software Company Apex.AI
AB Volvo is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. Its segments include Trucks, Construction Equipment, Buses, Volvo Penta, Group functions & Other, and Financial Services. The Company's brand portfolio consists of Volvo, Volvo Penta, UD, Terex Trucks, Renault Trucks, Prevost, Nova Bus and Mack. In addition to vehicles and machines, its offering includes a range of services, such as insurance, rental services, spare parts, preventive maintenance, service agreements, assistance services and information technology (IT) services. Its product range is divided into Vehicles and Services. The sale of new vehicles, machinery and engines comprise Vehicles, as well as the sale of used vehicles and machines, trailers, superstructures and special vehicles. Its Services include the sale of spare parts.
Independent Chairman of the Board
President, Chief Executive Officer, Member of the Group Executive Board, Director
Deputy Chief Executive Officer, Member of the Group Executive Board
Executive Vice President Group Finance, Chief Financial Officer, Member of the Group Executive Board
Executive Vice President Group Trucks Technology, Group Chief Technology Officer, Member of the Group Executive Board
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Sweden's Volvo AB <VOLVb.ST> will sell its Japan-based UD Trucks business to Isuzu Motors <7202.T> in a deal worth around $2.3 billion (£1.79 billion), exiting a low-margin business and boosting its cash pile as competition for high-tech trucking heats up.
Japan's Isuzu Motors and Sweden's Volvo AB said on Wednesday they had agreed to form a strategic alliance in commercial vehicles that will include the sale of Volvo's subsidiary UD Trucks to Isuzu.
Volvo Cars said on Wednesday it will make the cobalt used in its batteries globally traceable using blockchain technology, following an agreement with its two battery suppliers, China's CATL and South Korea's LG Chem.
Swedish truckmaker AB Volvo <VOLVb.ST> reported a sharp decline in third-quarter orders and forecast a demand slump on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings.
Sweden's AB Volvo on Friday reported a sharp fall in order intake of its heavy-duty trucks in the third quarter and forecast double-digit percentage declines in commercial vehicles markets on both sides of the North Atlantic next year.
Volvo Cars, owned by China's Geely Holding, is targeting a 40% reduction in the carbon footprint of each car it manufactures by 2025 as it bids to become fully climate neutral by 2040, it said in a statement on Wednesday.
Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house brands Lotus, LEVC, Lynk and Proton, and also potential rivals with next-generation combustion and hybrid engines. It marks the latest...
Volvo Cars, owned by China's Geely [GEELY.UL], has produced the first cars containing recycled cobalt mapped using a blockchain, and has joined a separate project to monitor cobalt from Democratic Republic of Congo, Volvo said.
Volvo plans to cut fixed costs by 2 billion Swedish crowns ($214 million), it said on Thursday, becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability.
Sweden's AB Volvo <VOLVb.ST> raised its market forecasts for North America and Europe on Thursday, as higher trucks and construction equipment deliveries helped it to top profit estimates.
Sweden's AB Volvo inched up its market growth outlook for North America and Europe, as strong deliveries for its trucks and construction equipment as well as continued easing of supply chain bottlenecks helped it beat quarterly profit expectations.
Sweden's Volvo announced new measures to cut fixed costs by 2 billion Swedish crowns ($214 million) on Thursday, as it became the latest carmaker to warn that pricing pressure and tariffs arising from the Sino-U.S. trade war were denting profitability.
Swedish truckmaker AB Volvo's first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment.
Li Shufu's Zhejiang Geely Holding Group intends to remain a long-term investor in Swedish truckmaker AB Volvo <VOLVb.ST>, a source close to the Chinese firm said, denying media reports that it was gearing up to sell its stake.
Li Shufu's Zhejiang Geely Holding Group intends to remain a long-term investor in Swedish truckmaker AB Volvo, a source close to the Chinese firm said, denying media reports that it was gearing up to sell its stake.
Sweden's AB Volvo is joining forces with Nvidia Corp to develop artificial intelligence used in self-driving trucks, in a boost for the U.S. chipmaker that was dropped by Tesla Inc last year.
Sweden's AB Volvo is joining forces with U.S. chipmaker Nvidia to develop artificial intelligence used in self-driving trucks, the companies said on Tuesday.
The United States has rejected separate requests from General Motors Co and Chinese-owned Volvo Cars for an exemption to a 25% U.S. tariff on their Chinese-made sport utility vehicle models.
Swedish carmaker Volvo said on Wednesday it had signed long-term battery supply deals with Asian firms LG Chem and Contemporary Amperex Technology Co Ltd (CATL), as it pushes its EV target of 50 percent of sales by 2025.
South Korean battery maker LG Chem Ltd on Wednesday said it has won a long-term deal to supply lithium ion batteries to Volvo Cars for use in electric vehicles (EVs).
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