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.

Commercial vehicle manufacturers, Daimler Trucks AG, Traton Group and Volvo Group have signed a non-binding agreement to install and operate a high-performance public charging network for battery electric heavy-duty long-haul trucks and coaches across Europe.

Following the sale of UD Trucks to Isuzu Motors, the Board of Directors at AB Volvo has proposed the proceeds from the sale be distributed to its shareholders, at SEK9.50 per share.

As previously announced (T&BB March 2021), Volvo Group of Gothenburg, Sweden and Daimler Truck AG of Stuttgart, Germany have now created a new joint venture company designed to accelerate the use of hydrogen-based fuel cells for long-haul trucks and beyond.

Software specialist, BlackBerry Ltd of  Waterloo, Ontario, Canada has been selected by Volvo Group to provide BlackBerry QNX as the foundation software for its main domain controller of electronic control units in more than 300,000 heavy vehicles the company manufactures every year.

A Volvo Group subsidiary, Volvo Autonomous Solutions based in Gothenburg, Sweden, has entered a strategic partnership with start-up software company, Aurora Innovations Inc of Mountain View, California, United States to develop jointly global autonomous transport solutions at scale.

The Volvo Group of Gothenburg, Sweden has completed the previously announced sale of its Japanese truck and bus subsidiary, UD Trucks Ltd of Ageo, Saitama to Isuzu Motors Ltd of Tokyo, Japan for an enterprise value of JPY243bn (approximately SEK19bn / EUR1.86bn) on a cash and debt free basis.

Volvo Group has signed definitive agreements to acquire 60% of Designwerk Technologies AG, an engineering company in Winterthur, Switzerland which develops and sells electromobility products and engineering services.