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Volvo AG reported second-quarter operating income of $1.4 billion, or 50 cents a share, a 47% increase from $939 million, or 32 cents, in the same period a year ago.

Volvo Trucks North America and FedEx Corp. demonstrated on June 27 a platooning system with three twin trucks on a stretch of Route 540 in North Carolina, one of 10 official test sites for driverless cars designated in 2017 by the U.S. Department of Transportation.

When Volvo Car Group broke ground on its first U.S. assembly plant in 2015, it was a proud proof point for the Swedish automaker’s rebound and global expansion, not a chess move in anticipation of a possible trade war.

Multinational companies likely face “overtaxation” as new tax rules emerge around the world without proper resolution tools in place, the tax chief for AB Volvo said.

Göran Nyberg, the president of Volvo Trucks North America, has moved to Volkswagen AG’s European subsidiary MAN Truck & Bus, spurring Volvo to name a veteran to fill Nyberg’s role on an acting basis.

UD Trucks, a Japanese subsidiary of Swedish truck maker Volvo AB, plans to introduce electric and autonomous trucks within the next two years, joining global rivals in developing driverless technologies to ease a labor shortage.

Volvo Trucks North America announced it completed its transition from production of its legacy VNL 670 model to full production of the new VNL 760 designed for the longhaul market.

ATLANTA — Volvo Trucks said it has begun rolling out its Remote Programming feature for over-the-air vehicle software updates to help customers streamline maintenance and prevent vehicle downtime.

Diversified truck manufacturer AB Volvo reported a surge in net income as well as record revenue for 2017 as truck demand remains high in Europe and is increasing in North America and Brazil.