Annual General Meeting
The Annual General Meeting of AB Volvo held on April 14, 2010 approved the proposal from the Board of Directors and the President not to pay a dividend to the shareholders and that all of the funds at the disposal of the Annual General Meeting would be carried forward to the following year. Read more

New trucks launched
On April 20, 2010 UD Trucks presented a new range of Quon heavy-duty trucks. The latest Quon lineup has been developed to meet high levels of demand for both fuel economy and driving performance. It features newly developed engines and automated manual transmissions based on Group architecture. UD Trucks has also added a new model equipped with a new medium-duty engine to its Condor truck lineup. Read more

Investment in Indian facility for production of excavators
As part of Volvo Construction Equipment’s (Volvo CE) objective of supporting customers in the growing BRIC (Brazil, Russia, India and China) markets, Volvo CE has announced a strategic investment in its existing facility in Bangalore, India. Read more

Production of new medium-duty engine in India
Volvo Group’s Indian joint venture company, VE Commercial Vehicles (VECV) is to invest a total of SEK 480 M in the production of the Group’s new global medium-duty engine in India. Read more

Volvo Aero to sell its US service business
In July it was announced that Volvo Aero had signed an agreement to sell its US subsidiary Volvo Aero Services. Read more

UD Trucks and Nissan Motor end collaboration on contract manufacturing of light-duty trucks
The collaboration between Volvo Group’s Japanese subsidiary UD Trucks and Nissan Motor on the contract manufacturing of light-duty trucks will expire and the production will end in January 2011. Read more

Volvo Group President and CEO Leif Johansson to resign in the summer of 2011
After almost 14 years as President and CEO of Volvo, Leif Johansson in December informed the Board of AB Volvo of his intention to resign in conjunction with his 60th birthday in the summer of 2011. In conjunction with his resignation Leif Johansson will also leave the Board of AB Volvo. Read more

The Volvo Group enters partnership with WWF to reduce CO2-emissions
The Volvo Group will be the world’s first vehicle manufacturer to join the World Wide Fund for Nature’s (WWF) Climate Savers Program. As a WWF partner, the Volvo Group’s truck companies undertake to reduce the CO2-emissions from vehicles manufactured between 2009 and 2014 by 13 million tons. Independent technical experts will oversee the results. Read more