News and Media

The Volvo Group will hold a Capital Markets Day on November 11, 2021. During the day, executive management will outline the Group’s strategic direction, which is built on the pillars Perform and Transform. This covers both the measures to continue to improve performance as well as the transformation journey towards new, sustainable solutions such as battery and fuel cell electric vehicles as well as autonomous solutions.

• 210414-volvo-group-invitation-cmd-2021-press-release-eng.pdf (PDF, 101 KB)

Volvo Trucks North America customer Quality Custom Distribution (QCD), a national food service logistics supplier, will deploy 14 Volvo VNR Electric models in its Southern California last-mile delivery routes over the next two years. The trucks, manufactured at Volvo Trucks’ New River Valley plant in Virginia, represent the largest single purchasing commitment of Volvo VNR Electric trucks to date. Volvo Trucks will begin delivering the Class 8 battery-electric trucks to QCD this fall to operate out of its distribution center in Fontana, California.

How can you support society and strengthen business simultaneously? Johan Reiman, Director of Corporate Responsibility at Volvo Group, describes the concept of Creating Shared Value as a way to combine the two. “Creating Shared Value is a business philosophy designed to solve social issues profitably. It sees corporate responsibility activities as an opportunity to strengthen and develop both business and society.”

The Swedish Institute, in cooperation with the Embassy of Sweden New Delhi, the Volvo Group, IKEA, Ericsson One and other organisations, was hosting a 42-hour digital hackathon called the Sweden-India Mobility Hack on the topic of “Changing the Way We Move”.

Volvo Group’s Vocational School projects in Africa put young people in work, contribute to safer roads and empower women. But the initiative is also a way of creating value by overcoming business obstacles.

The Volvo Group report for the first quarter 2021 will be published on April 22, 2021, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST.

• 210408-volvo-group-invitation-q1-press-release-eng.pdf (PDF, 101 KB)

Volvo Group and SSAB have signed a collaboration agreement on research, development, serial production and commercialization of the world’s first vehicles to be made of fossil-free steel. Volvo plans already this year to start the production of concept vehicles and components from steel made by SSAB using hydrogen.

• 210408-ab-volvo-ssab-pressrelease-eng.pdf (PDF, 123 KB)

DRIVE TLV is an innovation hub that focuses on smart mobility solutions. Its mission is to create effective collaborations between hand-picked start-ups and the hub’s corporate partners, one of which is Volvo. “Through Drive TLV we have access to start-ups working with the latest technology” says Guillaume Favreau from Volvo.

The Volvo Group and Isuzu Motors today completed the transaction whereby Isuzu Motors acquired UD Trucks from the Volvo Group for an enterprise value of JPY 243 billion (approximately SEK 19 billion) on a cash and debt free basis. The strategic alliance within commercial vehicles between the two groups, aiming to capture opportunities in the ongoing industry transformation, will now also become operational. The transaction is estimated to have a positive impact on the Volvo Group’s operating income in the second quarter 2021 of close to SEK 2 billion and increase the Volvo Group’s net cash position by approximately SEK 19 billion.

Too much noise is not just unpleasant; it can even be dangerous. Each year, noise pollution robs residents of western European cities of more than one million healthy life years, and about half of the people living in cities in Europe are disturbed by noise.