Mats Backman has been appointed as Chief Financial Officer and a new member of Volvo Group´s Executive Board. He will succeed Jan Ytterberg, who as previously communicated, will continue as Volvo Group senior advisor ..read more

Volvo Group Venture Capital AB invests in the Madrid based company Trucksters, a transport operator focused on providing long-distance transportation through an innovative truck relay system based on big data and artificial intelligence ..read more

Press release from AB Volvo’s Election Committee The Election Committee of AB Volvo proposes that Pär Boman be appointed new Chairman and Board member at the Annual General Meeting in March 2024. As previously announced, AB Volvo’s current Chairman of the Board Carl-Henric Svanberg has declined re-election ..read more

· Climate change accelerates the need of electrification transition, future CO2 regulations on transport of goods and access to cities are drastically transforming the logistic ecosystem.   · The professional customers already face increasing pressure on cost of usage, need for electrification safer and fully connected vehicles with their business. · By 2030, the European market for electrified vans will triple, promising a huge opportunity for a brand-new LCV offer, particularly addressing booming e-commerce and rental businesses. · Renault Group, Volvo Group and CMA CGM are joining ..read more

Volvo Trucks ramps up electric truck volumes and starts serial production of heavy battery electric trucks at the Ghent factory in Belgium. This means that electric Volvo trucks are now built in four factories – three in Europe and one in the US ..read more

GREENSBORO, NC (Oct. 3, 2023) – Mack Trucks will spotlight two Mack Anthem® models at the American Trucking Associations (ATA) Management Conference & Exhibition (MC&E), Oct.14 to 17, at the Austin Convention Center, Austin, Texas. Featured in Mack Booth No. 3108, one of the Mack Anthem models is a 70-inch sleeper model and the other is a Mack Anthem compressed natural gas (CNG) 6x4 regional haul vehicle owned by UPS ..read more

Anna Müller has been appointed as President Volvo Penta and member of Volvo Group management. She will replace Heléne Mellquist who will leave the Volvo Group to join the investment company Latour as Executive Vice President and Chief Operating Officer ..read more

“In Q3 2023, the Volvo Group continued to deliver improved results, margins and profitability. Adjusted for currency, our net sales grew by 9% to SEK 132.4 billion and we increased the adjusted operating income to SEK 19.1 billion (11.9), corresponding to an adjusted operating margin of 14.4% (10.3). We have successfully mitigated cost inflation with price management and continued to handle disturbances in the supply chain. Return on capital employed increased to 33.7% (27.4),” says Martin Lundstedt, President and CEO ..read more

Volvo Trucks North America announced its continued commitment for the 22nd consecutive year as the exclusive sponsor of the America’s Road Team public outreach program in 2024. Peter Voorhoeve, president of Volvo Trucks North America, made the announcement at the American Trucking Associations’ (ATA) Management Conference & Exhibition (MC&E) in Austin, Texas ..read more

Press release from the Volvo Environment Prize Foundation, Oct 30, 2023 The vast Amazon region is central to the global debate on creating a stable climate and maintaining biodiversity. But we cannot deal with sustainability in Amazonia if we do not confront the rural and urban realities in the region of poverty, violence, and the need for economic development. That is the message from Eduardo Brondizio, a Brazilian-born Anthropologist Professor at Indiana University, Bloomington, USA, who is the Volvo Environment Prize laureate in 2023 ..read more