The company recorded a 21% increase in net sales (SEK107.6m) and a 146% operating income rise (SEK12.8m).

200 Volvo 9700 double deckers and Volvo 8900 RLE buses will serve in Norrtälje and Täby in Sweden beginning the second half of 2022.

The companies aim to produce a truck capable of matching a diesel truck in haulage capacity and with a range allowing for multiple journeys along a 60-km route.

25 Design Verification prototypes of the 16t truck are to be produced imminently in preparedness for testing in early 2022.

Bedeo will leverage Protean Electric's in-wheel motor technology in the electrification of light commercial vehicles.

The VECV Bus Division of Bengaluru (a wholly-owned subsidiary of VE Commercial Vehicles Ltd (VECV) of Pithampur, which incorporates the former Volvo Buses India Pvt Ltd and Eicher Motors Ltd companies) has launched its first fully-built sleeper coach

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

Swedish component manufacturer Concentric AB, based in Linköping, has announced the acquisition of Engineered Machined Products Inc. (EMP), a producer of electric and mechanical oil and water pumps, electric fans and thermal management systems based in Syosset, New York. Concentric purchased EMP in cash for approximately USD147 million.

Following a 100-truck order from Danish shipping company DFDS, Volvo Trucks has pledged to expand electric truck sales to half of total sales by 2030.

Nissens Automotive now has exclusive rights to market the powertrain cooling systems specialist's products in Europe, Asia and the U.S. and access to new technologies.

The 200-kW powertrain, to be marketed across the world, is developed entirely by Volvo and is suited for single deck and double deck applications.

The autonomous driving technology was jointly developed by Aurora and Volvo Autonomous Solutions, and will be integrated with Volvo VNLs at the New River Valley Assembly Operations in Virginia.