News & Media

The number of votes in AB Volvo has changed due to the conversion of a total of two Series A shares to a total of two Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at the 2011 Annual General Meeting.

• New-number-of-votes-in-AB-Volvo (PDF, 167 KB)

Press release from AB Volvo’s Election Committee The Election Committee of AB Volvo proposes that Pär Boman be appointed new Chairman and Board member at the Annual General Meeting in March 2024. As previously announced, AB Volvo’s current Chairman of the Board Carl-Henric Svanberg has declined re-election.

• Pär-Boman-proposed-as-new-Chairman-of-AB-Volvo (PDF, 212 KB)

The Smoovit project, initiated in October 2019, has reached its completion after three years. The project united Volvo Group, various companies, educational institutions, government bodies, and authorities to discover new and more environmentally friendly approaches for transporting goods within cities. Smoovit devised a strategy to improve both the environmental impact and efficiency of urban transportation.

Håkan Frisinger Award for Excellence in Transportation Research awards its 2023 scholarship to Professor Lars Eriksson at Linköpings University. The scholarship rewards Lars Eriksson for his strong scientific record and his significant contribution to the transport industry. 

• Professor-Lars-Eriksson-awarded-with-Håkan-Frisingers-scholarship-for-his-significant-contributions-in-transportation-research (PDF, 337 KB)

Montreal, Quebec – In honour of its fifth birthday and importance of its Toward a Better Future Together environmental sustainability action plan, Volvo Trucks North America customer Coke Canada Bottling Limited (Coke Canada Bottling) unveiled its first Volvo VNR Electric trucks. The trucks are part of a six-truck pilot of electric vehicles to service their iconic ‘Red Fleet’ customer delivery routes throughout the Greater Montreal Area. Coke Canada Bottling was the first Canadian food and beverage manufacturer to announce the adoption of electric Class 8 trucks into its fleet.

Volvo Trucks ramps up electric truck volumes and starts serial production of heavy battery electric trucks at the Ghent factory in Belgium. This means that electric Volvo trucks are now built in four factories – three in Europe and one in the US.

• Ramping-up--Volvo-starts-serial-production-of-electric-trucks-in-Ghent (PDF, 296 KB)

Volvo Group’s collaboration with H2 Green Steel for near zero emission steel is another step forward on the continued journey towards a net zero GHG emission value chain by 2040.  Under the long-term agreement Volvo Group will purchase near zero emission steel from H2 Green Steel’s new plant in Boden in Northern Sweden. Start of production is planned for end of 2025 with deliveries to Volvo Group starting mid-2026. 

• Volvo-Group-secures-increased-volumes-of-near-zero-emissions-steel-through-collaboration-with-H2-Green-Steel (PDF, 265 KB)

Volvo Trucks North America (VTNA) is pleased to announce the appointment of Matthew Blackman as the new regional vice president of Canada, effective October 1, 2023. In this role, Blackman will report directly to Peter Voorhoeve, president of Volvo Trucks North America. Blackman will succeed Paul Kudla, who has served as managing director of Canada and is retiring at the end of December 2023 with 24 years of service with Volvo Trucks and 11 years at Mack Trucks.

Volvo Autonomous Solutions (V.A.S.) and Boliden have entered into a long-term collaboration to implement autonomous transport solutions as a part of Boliden’s operations. The collaboration will cover numerous projects including the deployment of autonomous transport solutions at Boliden’s Garpenberg site in Sweden.

• Volvo-enters-long-term-collaboration-with-Boliden-to-deploy-autonomous-solutions (PDF, 315 KB)

Kaha Salad had the opportunity to work at Volvo Buses for a summer. This summer work led to both internship and after that an employment at Volvo Penta after she finished her studies.

The number of votes in AB Volvo has changed due to the conversion of a total of 1,069 Series A shares to a total of 1,069 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at the 2011 Annual General Meeting.

• New-number-of-votes-in-AB-Volvo (PDF, 158 KB)

Anna Müller has been appointed as President Volvo Penta and member of Volvo Group management. She will replace Heléne Mellquist who will leave the Volvo Group to join the investment company Latour as Executive Vice President and Chief Operating Officer.

• Anna-Müller-new-President-Volvo-Penta-and-member-of-Volvo-Group-management (PDF, 145 KB)

Volvo Autonomous Solutions (V.A.S.) achieves industry-first milestone with the removal of the safety driver in an active commercial mining operation at Brönnöy Kalk mine in Velfjord, Norway.

• Volvo-Autonomous-Solutions-removes-safety-driver-at-Brönnöy-Kalk (PDF, 296 KB)

Volvo Group has unveiled Australia’s first zero-emissions logistics vehicle, supplied to the ACT Emergency Services Agency (ESA), at the Australasian Fire and Authorities (AFAC) conference, the region’s largest emergency management conference and exhibition.

Carl-Henric Svanberg has declined re-election as Chairman of the AB Volvo Board of Directors. He will remain as Board Chairman until the Annual General Meeting to be held in March 2024.

• 230821-volvo-group-volvo-chairman-carl-henric-svanberg-declines-re-election-en (PDF, 214 KB)

Volvo Group Australia is pleased to announce significant appointments to its Executive Leadership Team, reinforcing its commitment to enhancing relationships with government and industry stakeholders.

ROANOKE VALLEY, Virginia (Aug.17, 2023) – Roanoke Valley Operations (RVO) in Virginia, where all Mack Trucks medium-duty vehicles are assembled, is now certified and participating in Appalachian Power Company’s 100% Renewable Wind-Water-Sunlight (WWS) Service.

GREENSBORO, NC (Aug. 16, 2023) – Mack Trucks will showcase its Mack® LR Electric Class 8 refuse vehicle during ride-and-drive and exhibition events at the Green Transportation Summit & Expo (GTSE) Aug. 22-24 in Tacoma, Washington’s Greater Tacoma Convention Center. Mack will further reinforce its continued commitment to sustainability through representation during two panels of executive speakers.

Turner Construction Company to Pilot Volvo EC230 Electric Excavator as Part of Program to Reduce Emissions

Volvo Trucks North America will offer test drives of its Class 8 VNR Electric as part of the “Acceleration to Zero” emissions initiative at the Green Transportation Summit & Expo (GTSE) August 22-24 in Tacoma, Washington. As a sponsor of the 12th annual event, Volvo Trucks will also have sustainable solutions experts participating in panel discussions to share its electrification outlook for advanced clean transportation programs.

Volvo Construction Equipment will showcase its lineup of electric machines — in action — along with conventional favorites and popular services like Dig Assist and Load Assist in booth K345 at The Utility Expo, Sept. 26–28 in Louisville, Kentucky.

“In Q2 2023, the Volvo Group continued to perform well, with continued growth and improved profitability. We increased our net sales by 18% to SEK 140.8 billion and the adjusted operating income by SEK 8.0 billion to SEK 21.7 billion, corresponding to an adjusted operating margin of 15.4% (11.6). Thanks to a strong commercial focus, we have been successful in improving margins while managing cost inflation and increased disturbances in the supply chain,” says Martin Lundstedt, President and CEO.

• AB Volvo – Report on the second quarter 2023 (PDF, 1 MB)
• Press Release – Volvo Group - the second quarter 2023 (PDF, 272 KB)

The Volvo Group report for the second quarter 2023 will be published on July 19, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST.

• 230705-volvo-group-invitation-to-the-volvo-group-report-on-the-second-quarter-2023-en (PDF, 165 KB)

Mats Backman has been appointed as Chief Financial Officer and a new member of Volvo Group´s Executive Board. He will succeed Jan Ytterberg, who as previously communicated, will continue as Volvo Group senior advisor.

• 230629-volvo-group-mats-backman-new-chief-financial-officer-and-member-of-the-volvo-group-executive-board-en (PDF, 137 KB)

GREENSBORO, NC (June 28, 2023) – Mack Trucks announced today that its highly anticipated Mack® MD Electric, the first medium-duty electric vehicle for the brand, is now available for order. Customers interested in ordering the Mack MD Electric should contact their local Mack dealer.

Volvo Trucks North America is working with the University of Minnesota (UMN) to conduct extreme weather testing for its Class 8 VNR Electric model to analyze the impact of ambient temperature on a truck’s battery life. UMN has teamed up with Murphy Logistics Solutions (Murphy) to test the battery-electric trucks in Minnesota with cold winter temperatures and H-E-B Grocery Company (HEB) in Texas to test during periods of intense summer heat. The extreme weather testing project, which will demonstrate the capability of the Volvo VNR Electric using real-world fleet routes, is part of a Battery Efficiency for Sustainable Trucks (BEST) Project sponsored by the U.S. Department of Energy’s (DOE) Vehicle Technology Office.

Nova Bus is exiting bus production in the US market. Consequently, the company has decided to close its Plattsburgh manufacturing and delivery facility by 2025. Production in North America will be focused to its Canadian facilities located in Saint-Eustache and Saint-François-du-Lac (Quebec) and Nova Bus will continue its successful Canadian business, where it is the market leader. A restructuring provision of SEK 1.3 billion will negatively impact the Volvo Group’s operating income in the second quarter of 2023.

• 230621-volvo-group-nova-bus-ends-bus-production-in-the-us-en (PDF, 264 KB)

Volvo Group has signed an agreement to collaborate with Heidelberg Materials, one of the largest building materials companies in the world. The aim is to reduce carbon emissions in the construction sector by jointly investigating and developing how loading and hauling needs can be solved with the help of electrified vehicles and related services.

• 230620-volvo-group-volvo-group-partners-with-heidelberg-materials-to-reduce-emissions-in-construction-industry-en (PDF, 386 KB)

Data collected from Volvo trucks’ movements around Sweden has been used to create a clear overview of current and future energy demands for electromobility and transportation solutions in a research project run by Volvo Group. The data, which show where electric charging infrastructure will be required, also highlights the need for informed discussion around the investment needed to develop an electricity grid capable of meeting the demands that the charging infrastructure will generate.

Lockouts and lost keys are common pain points experienced by truck drivers, resulting in long delays and downtime. This prompted Innovation Lab at Volvo Group in Silicon Valley to develop a solution called Smart Access that would eliminate lockout incidents and promote uptime for drivers and fleets.

Volvo Group Venture Capital AB invests in the Madrid based company Trucksters, a transport operator focused on providing long-distance transportation through an innovative truck relay system based on big data and artificial intelligence.

• 230612-volvo-group-volvo-group-venture-capital-ab-invests-in-trucksters-managing-innovative-relay-trucking-in-europe-en (PDF, 275 KB)

Volvo Autonomous Solutions (V.A.S.) expands its footprint in North America with the establishment of an office in Texas and starts manual operations in preparation for commercial autonomous hub-to-hub transport.

• 230608-volvo-group-volvo-autonomous-solutions-expands-its-footprint-and-starts-operations-in-texas-en (PDF, 332 KB)

We hear the terms Sexual Orientation and Gender Identity more and more these days. But do we know what they mean and what the differences between these concepts are? Many of us probably associate these concepts with belonging to an LGBTQ+ community. But it is not the case, since all people belong to a group or a set of definitions in that medium.

ALLENTOWN, PA (June 6, 2023) – Mack Trucks today celebrated the opening of its remodeled Mack Experience Center in Allentown, Pennsylvania. The $3.2 million renovation features a reconfigured floor plan, facility enhancements and additional road obstacles to the onsite test track.

GREENSBORO, NC (June 1, 2023) – Mack Trucks announced today that the recently introduced Mack® MD Electric model is approved to be a part of California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP).

Volvo Penta and FTMH have expanded their partnership to include electric forklifts. This collaboration highlights the trust in Volvo Penta’s modularized electric platform and its full system supplier approach of the latest electromobility technology.

• 230531-volvo-penta-volvo-pentas-modular-electric-systems-triumph-in-ftmh-partnetship-en (PDF, 391 KB)

The Assar Gabrielsson Foundation has appointed Malin Lindén as the winner in the basic science research category and Aron Onerup as the winner in the clinical research category. The prize recipients are rewarded with SEK 100,000 each as extra research grants, administered by the Sahlgrenska Academy at the University of Gothenburg.

• 230530-volvo-group-the-foundation-assar-gabrielsson-prize-recipients-2023-appointed-en (PDF, 240 KB)

Saint-Eustache, Canada, May 29, 2023 – Nova Bus, a member of the Volvo Group and a leading North American transit bus manufacturer, announces it has been awarded a base order of 124 LFSe+, with a potential additional order of 12 buses and up to 405 units in option, by the Toronto Transit Commission (TTC). The LFSe+ is the 40’ long-range battery-electric bus model of Nova Bus. The buses from the base order will be delivered over a two-year period starting in 2024. This will be the first order of Nova Bus LFSe+ buses by the TTC. In addition, the order also includes an adoption process for other agencies in Ontario to enter into their own agreements with Nova Bus for up to 550 buses over four years.

CMV Truck & Bus continues its transformation journey with the second CMV site becoming a fully certified Volvo Trucks Electric Vehicle (EV) Dealer. The group is proud to announce that their Clayton dealership is now a fully certified Volvo Trucks EV Dealer, along with their purposebuilt Derrimut dealership which was certified late last year.

Amid increasing demand for clean energy, Volvo Group has today signed a long-term agreement with Vattenfall, the largest producer of renewable electricity in Sweden. The agreement means that Volvo Group is committed to buying 50% (~230GWh/year) of the renewable electricity produced at Bruzaholm wind park in Sweden, over a 10-year period starting in the last quarter of 2025.

• 230523-volvo-group-volvo-group-partners-with-vattenfall-to-secure-long-term-renewable-electricity-for-its-operations-en (PDF, 328 KB)

Volvo Trucks has signed a letter of intent to sell 1,000 electric trucks between now and  2030 to Holcim, one of the world’s largest building solution providers. The deal is the largest commercial order to date for Volvo electric trucks, and the first 130 trucks will be delivered in 2023 and 2024.

• 230522-volvo-group-volvo-receives-record-order-for-up-to-1-000-electric-trucks-en (PDF, 345 KB)

GREENSBORO, NC (May 18, 2023) – Mack Trucks announced today the winners of the 2024 Mack Trucks Calendar Contest. Each of the winning entries will represent a month in next year's Mack calendar.

May 17, 2023 - Volvo Group is calling for increased dialogue between policymakers and the industry around the future of mobility at its annual Mobility Transformation Forum in Brussels on May 23, which will be streamed live on LinkedIn. The event will showcase Volvo Group’s continued investment in fossil-free propulsion technologies, services, and business solutions, and highlight the need for investment in infrastructure and charging capabilities across Europe.

• 230517-volvo-group-volvo-group-mobility-transformation-forum-calls-for-collaboration-to-speed-up-europes-fossil-free-future-en (PDF, 306 KB)

Building on its long heritage of safety innovations, Volvo Group is the first truck manufacturer to launch an Augmented Reality (AR) safety app for electric trucks, designed specifically to support first responders in an emergency. The app is developed to deliver instant, valuable information from the electric truck to the emergency services team arriving on the scene to guide them in real-time and ensure safe rescue conditions.

• 230516-volvo-group-volvo-group-launches-worlds-first-electric-truck-safety-app-with-ar-technology-for-first-responders-en (PDF, 323 KB)

Volvo Trucks and Jiangling Motors Co., Ltd will not pursue the previously announced transaction involving the acquisition of JMC Heavy Duty Vehicle Co., Ltd, and its manufacturing site in Taiyuan, Shanxi province, China. 

• 230512-volvo-group-volvo-trucks-discontinues-the-acquisition-of-heavy-duty-truck-manufacturing-operation-in-china-en (PDF, 151 KB)

Volvo Trucks leads the market for heavy electric trucks after the first quarter of 2023, both in Europe and in North America. In total, the Swedish truck manufacturer has sold almost 5,000 electric trucks in about 40 countries. Now, its electric product range is being made available in new markets in Asia, Latin America and Africa.

• 230511-volvo-group-volvo-trucks-keeps-its-leading-position-en (PDF, 335 KB)

Volvo Buses has secured two orders for a total of 189 new electric buses from Stagecoach, one of the UK’s largest coach and bus operators. One order for 170 electric buses is Volvo Buses biggest electric bus order ever.

Stephen Roy has been appointed as a new member of Volvo Group´s Executive Board and President of Mack Trucks. He will succeed Martin Weissburg, who will retire after a long and successful career within the Volvo Group.

• 230509-volvo-group-stephen-roy-appointed-new-member-of-the-volvo-group-executive-board-and-president-of-mack-trucks-en (PDF, 157 KB)

Emitting only water vapor, hydrogen-powered fuel cell trucks will be an important part of Volvo Trucks’ zero exhaust emission product portfolio. Now, the vehicles have passed an important milestone – namely, being test-driven on public roads.

• 230508-volvo-group-volvo-trucks-tests-hydrogen-powered-electric-trucks-on-public-roads-en (PDF, 311 KB)

Emitting only water vapor, hydrogen-powered fuel cell trucks will be an important part of Volvo Trucks’ zero exhaust emission product portfolio. Now, the vehicles have passed an important milestone – namely, being test-driven on public roads.

Data collected from Volvo trucks’ movements around Sweden has been used to create a clear overview of current and future energy demands for electromobility and transportation solutions in a research project run by Volvo Group. The data, which show where electric charging infrastructure will be required, also highlights the need for informed discussion around the investment needed to develop an electricity grid capable of meeting the demands that the charging infrastructure will generate.

Lockouts and lost keys are common pain points experienced by truck drivers, resulting in long delays and downtime. This prompted Innovation Lab at Volvo Group in Silicon Valley to develop a solution called Smart Access that would eliminate lockout incidents and promote uptime for drivers and fleets.

We hear the terms Sexual Orientation and Gender Identity more and more these days. But do we know what they mean and what the differences between these concepts are? Many of us probably associate these concepts with belonging to an LGBTQ+ community. But it is not the case, since all people belong to a group or a set of definitions in that medium.

Volvo Group is working tirelessly towards being fossil-free by 2040 – and an important part of this commitment is investing in the future through our academic collaborations, which challenge students to provide new perspectives on industry needs. Through these partnerships, we look to provide a springboard for students today to become part of an inspired workforce tomorrow, paving the path with new ways of thinking.

Research and development (R&D) in industries such as transportation, rely on continuous improvements to deliver customer value through new products and services. However, the recent convergence of digitalization, climate neutral technologies and automation, has pushed these industries into a transformation mode with high levels of uncertainty.