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The previously announced Volvo Group Capital Market Day set to take place on November 11, 2021 will be re-scheduled to spring 2022.
The novel Common Pressure Rail Hybrid system applied to excavators, resulting in radical improvements in energy-efficiency, has received the Volvo Technology Award 2021.
Performance Team – A Maersk Company, a warehousing and distribution company, has placed an order for 16 Volvo VNR Electric Class 8 trucks—the largest commercial order of the North American zero-tailpipe emission model to date. The VNR Electric model from Volvo Trucks North America is the first zero-tailpipe emission, battery-electric Class 8 truck in Performance Team’s fleet, which will be on the road by end of year. When put into service, all 16 vehicles will be carrying regional loads daily to customers across Southern California.
Press release
09/01/2021
Volvo Group Venture Capital AB has announced a new investment in a leading company in the field of measurable safety for driver assistance and autonomous vehicles. Foretellix Ltd was founded in 2018 by a team of verification and validation pioneers whose mission is to make automated driving systems safe and efficient.
Volvo Trucks has agreed to acquire JMC Heavy Duty Vehicle Co., Ltd., a subsidiary of Jiangling Motors Co., Ltd., which includes a manufacturing site in Taiyuan, Shanxi province, China, for an amount of RMB 0.8 billion (approximately SEK 1.1 billion). The objective is to start production of the new heavy-duty Volvo FH, Volvo FM and Volvo FMX trucks in Taiyuan for customers in China from the end of 2022.
To be able to invest in the best companies, you must have something more to offer than capital. The investment itself is followed by the ownership phase and the opportunity to help the company to develop. “Volvo has strong values, a good international reputation and a global reach, all of which make a positive impact when we approach companies we want to invest in,” says Christina Brinck, newly appointed Investment Director at Volvo Group Venture Capital, the Volvo Group’s investment company.
“During Q2 2021, demand for the Volvo Group’s products and services continued to be good. Net sales amounted to SEK 90.6 billion and we delivered an adjusted operating income of SEK 9.7 billion. In a quarter when shortages of semiconductors as well as other production materials resulted in substantial production stoppages affecting both volumes and costs negatively, we achieved an adjusted operating margin of 10.7%,” says Martin Lundstedt, President and CEO.
The Volvo Group report for the second quarter 2021 will be published on July 20, 2021, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST.
Press release
07/05/2021
Gothenburg, Sweden / Munich, Germany / Stuttgart, Germany – The three leading commercial vehicle manufacturers Volvo Group, Daimler Truck and the TRATON GROUP have signed a non-binding agreement to install and operate a high-performance public charging network for battery electric heavy-duty long-haul trucks and coaches across Europe. The joint aim is to initiate and accelerate the build-up of charging infrastructure to enhance customer confidence and to support EU’s transformation to climate-neutral transportation.
Press release
07/01/2021
Volvo Penta starts production of E-driveline for world’s first serial electric fire truck
Volvo Penta has commenced production of bespoke electric drivelines for leading fire service vehicle manufacturer Rosenbauer’s pioneering fire truck, named “Revolutionary Technology” (RT).
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