Called Fyrqom, the joint venture between Volvo, Qamcom and CEO Roman Iustin will focus on developing automated systems for tyre pressure monitoring in heavy-duty vehicles.

An undisclosed sum has been invested in Optibus, a software developer specialising in public transportation management tools for planning workable routes, timetables and rotas.

The joint venture between Traton, Daimler Truck and Volvo has received the relevant regulatory approvals and will begin operations this year, led by Anja van Niersen.

Volvo's electrification-focused business unit invested approximately SEK50m in exchange for a 10% stake in Connected Energy, a British firm providing services related to second-life battery storage and use.

Volvo Trucks Korea Co Ltd of Yongsan-gu, Seoul in February announced it plans to introduce a battery-powered heavy-duty truck onto the South Korean market in 2023, as it looks to strengthen its position as the leading imported truck brand in the country. 

The European Automobile Manufacturers’ Association (ACEA) has announced the appointment of Anna Carmo e Silva to the role of chair of its bus and coach division for 2022. Carmo e Silva currently serves as Senior Vice President and Head of Buses and Coaches at Scania AB.

The European Automobile Manufacturers’ Association (ACEA) has announced the election of AB Volvo CEO, Martin Lundstedt, to chair its Commercial Vehicle Board for 2022. He will take over the position from Daimler Truck AG CEO, Martin Daum.

Daimler Truck, Volvo Group, and Traton Group have signed a joint venture agreement to install and operate a European charging network for trucks and coaches.

The 'First Movers Coalition' is a government-supported initiative to create market demand for low-carbon medium- and heavy-duty trucks through purchase commitments.

The Group reported an increase of 11% in net sales but supply chain issues led to production delays and increased costs.

The platform, created in collaboration with PTC Inc, is intended to harmonise research and development across the Volvo Group.

Volvo Group Venture Capital AB has announced a new investment in Foretellix, a company specialising in the verification of autonomous driving systems, based in Tel Aviv, Israel.