Volvo has now sold a total of 100 buses powered by hybrid technology in the Nordic countries. The latest order to be received by Volvo Buses is for 25 hybrid buses for Göteborgs Spårvägar (Gothenburg Tramways), which operates public transport services on behalf of Västtrafik.

Volvo Group and Finnish defense group Patria have signed a Memorandum of understanding regarding cooperation to offer the Swedish Defense Materiel Administration (FMV) life-cycle support services for maintenance and logistics.

The Volvo Group’s strong trend continued during the fourth quarter of 2011. Sales rose in all regions, profitability improved and cash flow was strong.