Welcome to Volvo Group

CRH, the global leader in building materials solutions, and Volvo Group, the leader in transport and infrastructure solutions, have signed a Memorandum of Understanding (MoU) to accelerate net-zero innovations in the design and deployment of on-road vehicles and off-road equipment used in construction with a focus on next generation technology deployment, scaling cutting-edge technology, and operational efficiency.

Proterra Inc. and Proterra Operating Company Inc. are in a voluntary Chapter 11 bankruptcy process in the US. Volvo Group has been selected as the winning bidder in an auction for the business and assets of the Proterra Powered business unit at a purchase price of USD 210M.

Press release from the Volvo Environment Prize Foundation, Oct 30, 2023 The vast Amazon region is central to the global debate on creating a stable climate and maintaining biodiversity. But we cannot deal with sustainability in Amazonia if we do not confront the rural and urban realities in the region of poverty, violence, and the need for economic development. That is the message from Eduardo Brondizio, a Brazilian-born Anthropologist Professor at Indiana University, Bloomington, USA, who is the Volvo Environment Prize laureate in 2023.

“In Q3 2023, the Volvo Group continued to deliver improved results, margins and profitability. Adjusted for currency, our net sales grew by 9% to SEK 132.4 billion and we increased the adjusted operating income to SEK 19.1 billion (11.9), corresponding to an adjusted operating margin of 14.4% (10.3). We have successfully mitigated cost inflation with price management and continued to handle disturbances in the supply chain. Return on capital employed increased to 33.7% (27.4),” says Martin Lundstedt, President and CEO.

Volvo Trucks North America has unveiled the company’s SuperTruck 2, with the debut on the company’s YouTube channel. The SuperTruck 2 program, a public-private partnership with the U.S. Department of Energy (DOE) tasked OEMs with achieving a 100% freight efficiency improvement over their submitted 2009 baseline. Despite the daunting supply chain challenges facing the advanced engineering team throughout the COVID-19 pandemic, Volvo Trucks not only achieved the DOE objective but exceeded expectations, achieving 134% increase in freight efficiency. Volvo Trucks’ SuperTruck 2 will make its first public appearance in the Volvo Trucks booth (#4097) at the American Trucking Associations’ 2023 Management Conference & Exhibition, taking place October 14-17 in Austin, TX, offering a glimpse at styling and engineering cues for future generations of trucks.

· Climate change accelerates the need of electrification transition, future CO2 regulations on transport of goods and access to cities are drastically transforming the logistic ecosystem.   · The professional customers already face increasing pressure on cost of usage, need for electrification safer and fully connected vehicles with their business. · By 2030, the European market for electrified vans will triple, promising a huge opportunity for a brand-new LCV offer, particularly addressing booming e-commerce and rental businesses. · Renault Group, Volvo Group and CMA CGM are joining forces to pioneer and lead this new market with an all-new generation of fully electric vans and associated services. · The pain points of the logistics players will be addressed with superior and safe solutions onboarding the new Software Defined Vehicle platform and a wide ecosystem of customized solutions. · Renault Group and Volvo Group sign binding agreements to launch a new company where they will initially hold respective 50-50 equity stakes, are planning to invest EUR 300 million each over the course of the next three years. CMA CGM Group signs a non-binding letter of intent with Renault Group and Volvo Group to join the new company, investing EUR 120 million through PULSE, its Energy Fund dedicated to accelerating the decarbonization of transport and logistics sectors. · The creation of the new company is expected early 2024 and remains subject to the completion of all regulatory approval processes. The future company is planned to operate under its own corporate identity and will be based in France.