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Volvo Trucks Boss Peter Voorhoeve Talks Market Share And Autonomous Projects
Monday, September 30, 2019 - 10:56am | 1077Peter Voorhoeve recently passed his first anniversary as president of Volvo Trucks North America after five years running Volvo Group's (OTC: VLVLY) Australian operations. During his brief tenure, Volvo's market share is down nearly a percentage point. But he isn't sweating it. "For me, market...
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Volvo Shows Class 8 Electric Truck For California Partnership
Tuesday, September 17, 2019 - 10:10am | 699Volvo Trucks North America (VTNA) is on track to deliver five Class 8 VNR electric trucks to California for its multi-partner Low Impact Green Heavy Transport Solutions (LIGHTS) program before the end of the year, but the infrastructure to charge them may be lagging. During a technology program...
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Volvo Trucks Imports Dynamic Steering Technology From Europe
Monday, September 16, 2019 - 10:50am | 703Volvo Trucks is importing its Dynamic Steering system to North America next year. The technology's practically effortless maneuvering of heavy-duty trucks reduces driver fatigue – and could lessen the need for chiropractors treating their neck and shoulder pain, the company said. The Swedish truck...
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Volvo Unit Conducts Japan's First Level 4 Autonomous Trucking Demo
Wednesday, September 4, 2019 - 9:51am | 468UD Trucks Corp., the Japanese unit of Sweden's AB Volvo, conducted the nation's first public demonstration of Level 4 autonomous trucking, handling farm produce at a sugar processing facility in the country's northernmost main island prefecture of Hokkaido. The test on Thursday, August 29, is...
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Volvo Recalls Trucks Because Air Tank Can Fall Off And Create A Road Hazard
Monday, July 29, 2019 - 5:14pm | 298Volvo Trucks North America is recalling VAH, VHD, VNL and VNR trucks from the 2019-2020 model years because the air tank can fall off the truck and create a road hazard. On an estimated 1 percent of the recalled vehicles, excessive torque may have been applied to the t-bolt clasps on the...
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Volvo Group Creates Alliance With Samsung SDI For Electric Truck Batteries
Thursday, July 18, 2019 - 6:15pm | 547Volvo Group (NASDAQ: VLVLY) and Samsung SDI Co. Ltd. (KSE:006400) will jointly develop batteries for Volvo's electric trucks. The strategic alliance announced Thursday, July 18 could help assure Volvo has both the raw materials like cobalt and lithium, as well as battery cell and production...
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Volvo Group Cruises To Sales And Earnings Record Amid Slowing Truck Orders
Thursday, July 18, 2019 - 11:35am | 456Volvo Group (STO:VOLV-B) reported the highest sales and adjusted operating income for any quarter in its history for the April-June period despite a continuing falloff in new truck orders that likely will lead to production cuts in North America and Europe later this year. Net sales increased 16...
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Volvo Trucks Makes Active Safety Standard On Most Models Via Bendix Wingman Fusion
Wednesday, July 17, 2019 - 10:37am | 942Truck makers are making advanced safety systems standard on new models faster than fleets are asking for them because avoiding fatal crashes saves millions of dollars that even a single death can cost. Volvo Trucks North America (NASDAQ: VLVLY) is the latest to improve its active safety system and...
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First Volvo Electric Truck Expected This Year As Part Of A Multi-Partner Effort In California
Monday, July 8, 2019 - 3:44pm | 674Volvo Trucks North America is burnishing its image in climate change-conscious California. The Swedish truck maker is developing battery-electric versions of its VNR regional haul trucks for use in drayage from the ports of Los Angeles and Long Beach to inland warehouses. The objective of the...
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Volvo Trucks Adding Nearly 800 Jobs As Part Of $400M Virginia Plant Expansion
Friday, June 28, 2019 - 2:40pm | 579Volvo Trucks announced a six-year expansion project at its New River Valley (NRV) manufacturing facility in New River Valley, Virginia. The $400-million investment will include 777 new jobs being created at the facility. "The outstanding product line currently produced at NRV has strongly...
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Nvidia To Partner With Volvo On Self-Driving Trucks
Tuesday, June 18, 2019 - 2:22pm | 431The Volvo Group and Nvidia Corporation (NASDAQ: NVDA) have announced a joint partnership to develop artificial intelligence (AI) for self-driving trucks. Work will begin immediately in Gothenburg, Sweden and Santa Clara, California. The announcement comes a week after Volvo, the world's second-...
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Volvo's Autonomous Vehicle Vera Enters Port Duty
Thursday, June 13, 2019 - 2:08pm | 411First announced last year, Volvo Trucks' Vera autonomous vehicle is moving quickly in testing – it is now hauling containers from a logistics center to a port terminal in Gothenburg, Sweden. The test is part of a collaboration between Volvo Trucks (OTC: VLVLY) and DFDS, a ferry and logistics...
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Today's Pickup: Mack, Volvo Add Warranty Programs For Used Trucks
Thursday, June 6, 2019 - 11:21am | 835Good day, Sister companies Mack Trucks and Volvo Trucks announced new factory-backed warranty programs for pre-owned trucks on Wednesday. The Mack Certified Used Truck program eliminates the need to use third parties when seeking a warranty for a pre-owned Mack. The Volvo Certified program's...
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Volvo's Profit Surges In First Quarter, But Truck Orders Plunge
Wednesday, April 24, 2019 - 11:36am | 452Volvo Group reported a large increase in its first-quarter profit, but truck orders decreased sharply, led by a 77 percent drop in North America. Net sales increased by 20 percent to SEK 107.2 billion (the Swedish Krona equals US$0.11), and adjusted operating income rose by 11.8...
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Volvo Recalls 14,000 VNL And VNX Heavy-Duty Trucks For Sleeper Bunk Window Defect
Monday, April 22, 2019 - 4:21pm | 270Volvo Trucks North America recalled 14,009 2018-2020 VNL and VNX heavy-duty trucks because the adhesive bond between the glass and hinge of the sleeper bunk window may detach and fall from the vehicle. If this occurs, the window could strike another vehicle or person, increasing the...