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The truck manufacturer confirmed earlier reports about the layoffs. The decision was made in the face of economic and regulatory uncertainty that has put downward pressure on orders.

Truck manufacturers are set to raise the prices of new Class 8 tractors as early as May as a result of tariffs on U.S. imports, with further hikes likely on the way.

Volvo Car AB tapped its longtime CEO Hakan Samuelsson to retake the helm as the Swedish automaker tries to navigate its way out of a malaise worsened by looming U.S. tariffs.

EPA has yet to announce a timeline for the reconsideration of the GHG standards or re-evaluation of the NOx rule. Rulemakings typically take two or three years to formulate.

Key advances include an up to 7.5% improvement in fuel efficiency, upgraded safety systems and a tighter turning radius for navigating urban routes, the Volvo Group unit said.

Waabi will integrate its autonomous driving system, the Waabi Driver, with Volvo’s production-ready VNL Autonomous model. Commercial pilots will begin in Texas in the coming months.

Volvo and Mack continue to restrict new diesel truck sales in Oregon despite recent uncertainty over reporting requirements for zero-emission vehicle sales being resolved.

LAS VEGAS — Volvo Group CEO Martin Lundstedt outlined the global truck manufacturer’s vision for a cleaner, safer and more productive transportation industry at CES 2025.

Almost 600 of the Volvo Group AB unit’s battery-electric straight trucks and tractors are now operational in the U.S. and Canada, collectively driving more than 200,000 miles every week.

The move caps months of talks with owners, customers and creditors to find a way for Europe’s rare homegrown maker of EV batteries to continue operations.