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03/22/2023
Volvo Group implements a new Internet of Things (IoT) network to make factories smarter
Reducing operational costs and improving maintenance service is a huge concern for automobile manufacturers, and for the Volvo Group manufacturing facility in Lyon, France, this is no exception.
Press release
03/21/2023
Volvo Trucks and Boliden collaborate on deployment of underground electric trucks for mining
Volvo Trucks and mining company Boliden now joining forces to implement electric truck transport in underground environments.
Press release
03/16/2023
Volvo Buses is changing its business model in Europe and will apply the same successful model as it has on several other markets. This means that Volvo Buses will focus its production on chassis and together with external bodybuilders offer customers in Europe a complete range of city and intercity buses as well as coaches for the premium segment. Consequently, Volvo Buses has decided to close its bodybuilding factory in Wroclaw, Poland, during the first quarter of 2024. Volvo Buses has signed a Letter of Intent regarding the divestment of its premises to Vargas Holding. A restructuring provision of SEK 1.3 billion will negatively impact operating income in the first quarter of 2023.
Press release
03/09/2023
Volvo Group accelerates sustainable mobility with innovation hubs on three continents
CampX by Volvo Group is a global concept designed to accelerate new technology and business innovations for sustainable mobility by partnering with startup companies. Volvo Group now has four innovation hubs located across three continents – in France, Sweden, India, and the USA – as we today announce the opening of the new CampX Lyon in France.
AB Volvo (publ) (“Volvo”) gives notice to attend the Annual General Meeting at Konserthuset, Götaplatsen, Göteborg, Tuesday, April 4, 2023, at 3.00 p.m.
Volvo Group today published the Annual Report 2022 on www.volvogroup.com. During the year, the Volvo Group delivered solid profitability, good return to shareholders and accelerated the transformation in yet another challenging year with geopolitical turmoil, supply chain constraints and high inflationary pressure.
Press information from AB Volvo’s Election Committee The Election Committee of AB Volvo proposes Bo Annvik to be elected as new Board member at the Annual General Meeting on April 4, 2023. The Election Committee also proposes the re-election of the Chairman of the Board Carl-Henric Svanberg, as well as Board members Matti Alahuhta, Jan Carlson, Eric Elzvik, Martha Finn Brooks, Kurt Jofs, Martin Lundstedt, Kathryn V. Marinello, Martina Merz and Helena Stjernholm. Hanne de Mora will not stand for re-election.
Last year, the number of heavy electric trucks on the roads in Europe and the United States grew faster than ever before. Volvo Trucks have now sold more than 4,300 electric trucks globally in more than 38 countries. In Europe, Volvo Trucks is the market leader with a 32% share of the market for heavy electric trucks, and in North America, nearly half of all heavy electric trucks registered in 2022 were Volvo trucks.
Press release
02/17/2023
Volvo Construction Equipment invests in battery pack production at excavator plant
Volvo Construction Equipment (Volvo CE) has announced an investment into battery pack production at its excavator plant in Changwon, South Korea, signaling once again its ambition to drive industry transformation with sustainable solutions.
Press release - Australia
02/15/2023
Royal visit to ANU puts sustainable transport in the spotlight.
As a part of a scheduled visit by members of the Swedish royal family to Canberra this week, Australian National University hosted the panel discussion event Electrification in Sweden and Australia.
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