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Volvo Group

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July 19, 2016 - Industry News

Truck Makers Hit With Record EU Fines for Price-Fixing in Europe

Mercedes-Benz trucks on display in 2012 at a pre-IAA Commercial Vehicle Show event. Daimler, as the largest of the truck makers involved in the EU investigation, also faces the largest fine. Photo by Sven-Erik Lindstrand.

The European Union is fining five truck makers nearly 3 billion euros for acting as a cartel to fix prices of medium and heavy-duty trucks and time the introduction of technologies to comply with emissions rules.

Tags: Iveco, Daimler AG, MAN, European Commission, European Union, Global, Volvo Group, DAF

May 12, 2016 - Industry News

Volvo Trucks Head Highlights Renewed Customer Focus

This newly decorated truck will participate in the annual Memorial Day Ride for Freedom. Photo by Deborah Lockridge.

Claes Nilsson, president of Volvo Trucks, acknowledges that Volvo in recent years may have been "too internally focused." Read about what the company is doing under its latest reorganization to put more focus back on the customer.

Tags: Class 8, Volvo Group, Assembly Plants, Volvo Trucks North America

March 18, 2016 - Industry News

6 Truck Makers to Participate in European Platooning Challenge

Photo: Volvo Group

Six European truck makers are participating in next month's European Truck Platooning Challenge, a project initiated by the Dutch government to promote platooning by bringing truck convoys to public roads.

Tags: Volvo Group, Truck Platooning, European Union, Global

February 24, 2016 - Industry News

Volvo Trucks Moves Forward With Focus on Brand, Uptime, Technology

Goran Nyberg talks to reporters at a roundable Wednesday morning in Washington, D.C. Photo: Deborah Lockridge

The recent reorganization of Volvo Group along brand lines should be pretty seamless to North American customers in the short term, according to executives at a briefing for reporters Wednesday, but expect advances soon in powertrain technology and tests of connected vehicle technology and platooning.

Tags: Truck Sales, Volvo Group, Truck Platooning, Predictive Analytics, Volvo Trucks North America

January 27, 2016 - Industry News

Volvo Group Reorganizes by Truck Brands

The Volvo Group is reorganizing based on truck brand, a move the Sweden-based global truck and engine maker says “offers clearer commercial accountability” for the group’s various truck brands.

Tags: Mack Trucks, People, Global, Volvo Group

October 27, 2015 - Industry News

Volvo Group's New Boss on the Job

Martin Lundstedt and truck technician Patrik Granberg in vivid discussion. Photo: Tommy Holl

Martin Lundstedt, Volvo Group’s new president and CEO, held his first press meeting on his first morning on the new job Oct. 22 – and chose to do it outside of the usual corporate setting.

Tags: Leadership, Global, Volvo Group

July 19, 2015 - Industry News

North America Helps Drive Volvo Profit Higher

The parent to Volvo Trucks North America, Sweden’s Volvo Group, saw its second quarter net income double from a year ago, due in part to increased North American sales.

Tags: Economy, Volvo Trucks, Earnings, Volvo Group

April 27, 2015 - Industry News

Volvo Invests in Platooning Technology

Photo: Peloton

A Volvo Group subsidiary is investing in Peloton Technology, which is working on a truck "platooning" system that would save fuel and reduce congestion by allowing trucks to travel in a close-following "platoon" on the highway.

Tags: Self-Driving Vehicles, Volvo Group, Truck Platooning, Peloton Technology

April 22, 2015 - Industry News

Persson Out, Scania’s Lundstedt in as Volvo Group’s Chief

Martin Lundstedt.  Photo: Sven-Erik Lindstrand

AB Volvo’s board of directors has named a Scania executive, Martin Lundstedt, as the president and chief executive officer of the Volvo Group, replacing Olof Persson, who has led the group for almost four years but is out immediately. Volvo Group is the corporate parent of Volvo Trucks and Mack Trucks in North America.

Tags: Volvo Group, Volvo Trucks, Mack Trucks, People

February 3, 2015 - Industry News

Volvo CEO to Speak At HMDA Annual Breakfast

Volvo Group CEO Olaf Persson will be the keynote speaker for the Heavy Duty Manufacturers Association’s 25th Annual Breakfast and Briefing.

Tags: OEM, HDMA, Aftermarket, Volvo Group, Mid-America Trucking Show

January 5, 2015 - Global News

Volvo Acquires 45 Percent of Chinese Truck Manufacturer

Photo: Dongfeng Commercial Vehicles

AB Volvo completed the purchase of 45% of Chinese automotive manufacturer Dongfeng Commercial Vehicles, first announced two years ago.

Tags: China, DongFeng Commercial Vehicles, Volvo Group, Mergers & Acquisitions, Global

May 22, 2014 - Industry News

Volvo Building Central Parts Distribution Center in Mississippi

The Volvo Group will build a 1-million-square-foot central parts distribution center in Byhalia, Miss., to support its Mack, Volvo and UD truck brands, as well as the Volvo Construction Equipment brand and Volvo Penta marine business.

Tags: Volvo Trucks, Aftermarket Parts, UD Trucks, Mack Trucks, Parts, Volvo Group

October 16, 2013 - Industry News

Volvo Restructuring Truck Manufacturing in Europe

The plant in Umea will be further specialized in its main core business, including the painting of cabs.

The Volvo Group will restructure its truck-manufacturing activities in Europe over the next two years, improving efficiency and cutting its workforce, as it implements part of a new group-wide efficiency program.

Tags: Global, Volvo Group

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