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Profits at truck maker Volvo Group in the first quarter of 2024 received a boost from price increases, even as orders and deliveries declined as expected.

Volvo Group and Westport Fuel Systems have put the finishing touches on their joint venture and are moving forward with deployment of a high-pressure gas-injection fuel system..

Progress in 2023 for battery-electric trucks was slower than expected, with demand underwhelming and improvements needed for the underlying infrastructure, some OEM executives say.

Westport Fuel Systems expects definitive agreements for its high-pressure gas-injection fuel system joint venture with Volvo Group to be signed by the end of January, executives said.

GOTHENBURG, Sweden — Executives from Volvo Energy said they are developing long-term life cycle plans for batteries used in their electric trucks, with an emphasis on energy storage.

Truck manufacturer Volvo Group is set to establish a high-pressure gas-injection fuel system joint venture with Westport Fuel Systems.

Volvo Group posted net income of $1.06 billion, or 52 cents per share, in the three months that ended June 30, compared with $1.03 billion, or 50 cents, in the year-ago period, the company said.

Volvo Group Venture Capital AB on Jan. 18 said it is investing in Canadian autonomous trucking technology company Waabi Innovation Inc.

Vision Truck Group is the first certified electric vehicle dealer in the greater Toronto area for truck makers Volvo Trucks North America and Mack Trucks. Both are units of Volvo Group.

Volvo Trucks North America announced Nuss Truck & Equipment as its first certified EV dealer in the Midwest to assist fleets across both Minnesota and Wisconsin with their electromobility transition.