Volvo Group Related Content

Volvo Group Appoints Aresund to Executive Board, Frandberg to Step Down

Volvo Group appointed Nina Aresund as a new member of the executive board and executive vice president group legal and compliance. Sofia Frändberg, who Aresund will succeed, will step down from her current role on the executive board after 10 years. read more

Volvo, Daimler and TRATON Launch EV Charging Infrastructure Joint Venture

The Volvo Group, Daimler Truck and the TRATON GROUP completed the final step in forming their previously announced joint venture for charging infrastructure in Europe. The joint venture plans to install and operate at least 1,700 charge points across Europe. read more

Volvo Energy Invests $4.93MM in Second-Life Battery Energy Storage Company

Volvo Energy invested in the UK-based second-life battery energy storage specialist Connected Energy in order to further accelerate Volvo Group's battery business and sustainability opportunities. Volvo Energy invested approximately $4.93 million for 10% in the company. read more

Volvo Invests $41MM in New Co-Location of Volvo Financial Services HQ

The Volvo Group made a $41 million investment in North Carolina’s Piedmont Triad to purchase and expand the building housing its U.S. Uptime Center, which will now also serve as the new global headquarters for Volvo Financial Services. read more

Mack Trucks to Open Orders for Mack LR Electric in Q4/20

Mack Trucks plans to commercialize the Mack LR Electric, its revolutionary refuse model equipped with a fully electric integrated Mack drivetrain. Orders for the Mack LR Electric will open in Q4 2020, with deliveries beginning in 2021. read more

Focusing on the New Normal, While Transforming Volvo Financial Services’ Future

Shortly after taking the helm of the Volvo Group’s global captive finance company, Marcio Pedroso faced the onset of a global pandemic, with markets and society in lockdown, and finance volumes coming to a halt. His plans for the future would need an edit. ... read more

Volvo Financial Services Appoints Olimpio VP, Remarketing & Asset Management

Volvo Financial Services appointed José Olimpio vice president of remarketing and asset management responsible for developing the strategic direction for the sale of used trucks and equipment. read more

Witt Appointed VP, Head of Volvo Group Venture Capital

Martin Witt was appointed vice president and head of Volvo Group Venture Capital. He will report to Anna Westerberg, senior vice president, Volvo Group Connected Solutions. read more

Volvo Group Looking to Sell Governmental Sales Business

Following a strategic review, Volvo Group intends to initiate a process in order to sell its Governmental Sales business area. read more

Former Aramark VP Joins Volvo Group as Northeast Lease Manager

According to automotive-fleet.com, Volvo Group hired Kevin Fisher as national account lease manager for the Northeast Region. read more

Volvo Financial YTD Operating Income Up On Lower Credit Losses

Volvo Financial Services reported business YTD operating income of $169 million was up 3.2% from the same period one year ago as credit provision expenses were down 24% from the same period in 2015. read more

Volvo Makes Additional $275MM Provision under EU Investigation

The Volvo Group has decided to make an additional provision of $275 million in connection with the ongoing investigation regarding a possible violation of EU antitrust rules. read more

Volvo Group Trucks EVP Announces Exit

Mikael Bratt, a member of the Volvo Group’s executive team, announced that he intends to leave his position as executive vice president of group trucks operations. He has been recruited as business area president with the automotive safety company Autoliv. read more

Volvo Group Reports Decline in New Financing Volume

In its Q3 earnings report, the Volvo Group reported that new financing volume was $1.57 billion, down from $1.6 billion. In addition, order intake in the trucking sector decreased by 15% and construction equipment volumes fell by 25%. read more

Volvo Group Launches Captive Financing Unit in India

According to the Business Standard, an English language newspaper in India, Volvo Group launched a captive financing arm in the country. read more

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