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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.

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.

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.

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).

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.

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.

Volvo Car AB gained in its trading debut in Stockholm after raising 20 billion kronor ($2.3 billion) in an initial public offering, as investors bought into the company’s successful turnaround and promise of an electric future.

Volvo Group reported strong third-quarter earnings and revenue gains in the face of chip shortages and other issues caused by global supply chain disruptions.

Volvo Group said the chip shortages and supply chain snarls will continue to cap truck making, leaving the Swedish manufacturer with little choice but to turn away some customers.

Volvo Autonomous Solutions announced its first major steps toward the autonomous Volvo VNL model in North America, drawing on its partnership with Aurora Innovation Inc., a self-driving vehicle technology company.