Volvo Group Related Content

Volvo Trucks to Sell 1K Electric Trucks to Holcim by 2030

Volvo Trucks signed a letter of intent to sell 1,000 electric trucks between now and 2030 to Holcim, a provider of building solutions headquartered in Switzerland. read more

Hultkvist Resigns as CFO and Executive Board Member of Volvo Group

Tina Hultkvist resigned from her role as CFO at and member of the executive board at Volvo Group. Jan Ytterberg, who previously served as CFO at Volvo Group and member of the executive board and is currently in the role of Volvo Group senior advisor, will step in as acting CFO. read more

Volvo Group and Pilot Company Partner to Develop Charging Network in NA

Volvo Group and Pilot Company, a North American-based company, signed a letter of intent for the development of public, high-performing charging infrastructure for medium- and heavy-duty electric vehicles. read more

Volvo Group, Qamcom Group & Iustin Form Fyrqom AB Startup

Volvo Group, Qamcom Group and the inventor Roman Iustin formed a new startup company called Fyrqom AB in a new joint venture. The company will offer an automated system for calibration of the tire pressure monitoring system on heavy-duty vehicles. read more

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, 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

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