Volvo News Updates

Business, Technology, Fuel

Volvo Quits Europe Car Lobby Group Over EV Stance

Volvo Cars AB is withdrawing from Europe’s car lobby, the second major automaker to do so in the past month, as the industry fractures over the transition to electric vehicles.

July 8, 2022
Business, Technology, Equipment

Gary McCartney Named CFO for Mack Trucks, VTNA

Gary McCartney was named chief financial officer for Volvo Trucks North America and Mack Trucks, Volvo Group announced May 16.

May 16, 2022
Technology, Fuel, Logistics, Autonomous, TCA

Volvo to Supply 44 Electric Trucks to DHL

FRANKFURT, Germany — Swedish carmaker Volvo has signed a deal to supply 44 new electric trucks to German delivery firm Deutsche Post DHL to support its zero-emission targets, both companies announced May 12.

May 12, 2022
Business, Technology, Equipment, For-Hire

VTNA Gets Orders for 90 More VNR Electric Trucks

LONG BEACH, Calif. — Volvo Trucks North America announced NFI Industries and Quality Custom Distribution, between them, placed orders for an additional 90 Volvo VNR Electric Class 8 vehicles.

May 11, 2022
Business, Technology, Logistics, Autonomous

Volvo Autonomous Solutions, DHL to Partner on Hub-to-Hub Transport

Volvo Autonomous Solutions announced it will offer a new hub-to-hub autonomous transport solution in North America, designed to serve shippers, carriers, logistics service providers and freight brokers.

May 9, 2022
Business, Equipment

Volvo Takes $423 Million Hit as Russia Business Halted

Volvo AB said Russia’s war in Ukraine has forced it to make provisions in the first quarter totaling $423 million that will have a negative impact on operating income.

April 8, 2022
Business

Volvo’s New CEO Says Carmaker Must Smarten Up on Software

Volvo Car AB needs to be more in control of the software it develops and deploys in its vehicles, the automaker’s new CEO said.

March 29, 2022
Business, Technology, Equipment

Volvo Group Invests $41 Million in North Carolina

The Volvo Group announced a $41 million investment in North Carolina’s Piedmont Triad region to purchase and expand the building housing its U.S. Uptime Center, which will now also serve as the global headquarters for Volvo Financial Services (VFS).

February 24, 2022
Business, Equipment

Allison Regional Haul Series Transmission Available in Volvo VNL

Allison Transmission announced its 3414 Regional Haul Series fully automatic transmission is available to order in Volvo Trucks North America’s heavy-duty VNL model.

February 8, 2022
Business, Technology

Volvo Reports Mixed Q4 Results

Volvo Group reported net income slipped and revenue increased modestly in the fourth quarter, and noted that global demand for trucks remained high amid a steep decline in sales of construction equipment in China and a falloff in its bus business.

January 28, 2022