The proposed new business would clear the way for Volvo Cars to focus on the development of its all-electric range of premium cars. Volvo Cars is building an entirely electrified product range, as part of the company’s ambition to put sustainability at the core of its operations. By the middle of the next decade the automaker expects half its global sales to be fully electric and the other half hybrid,…

Volvo continues to pursue the goal of becoming completely climate-neutral by 2040; CO2 emissions per vehicle are to be reduced by 40 per cent by 2025 compared to the 2018 level, and by as much as 75 per cent by 2030. So far this year, these have already been around 19 per cent below the 2018 reference value. A key element in meeting the ambitious targets is the switch to a fully electric vehicle range by…

Volvo Cars will produce cars for the new car brand Lynk & Co in Volvo Cars’ manufacturing plant in Ghent, Belgium from late 2019. The announcement represents a closer collaboration between the two companies, following Volvo Cars’ acquisition of a 30% stake in Lynk & Co last year. Lynk & Co was launched as a new volume brand by Zhejiang Geely Holding, the owner of Volvo Cars, in 2015. We will manufacture in…

Trucks powered by green hydrogen instead of fossil fuels offer a means to decarbonize transportation. Hydrogen trucks are particularly suitable for long hauls and regions where charging infrastructure or battery charging time is limited. In 2026, Volvo will commence customer testing of its trucks utilizing hydrogen in combustion engines. These trucks are expected to be available on the market towards the…

Volvo Trucks is now running tests of the electric heavy-duty Volvo FH, Volvo FM and Volvo FMX trucks, which will be used for regional transport and urban construction operations in Europe. These trucks will have a gross combination weight of up to 44 tonnes. Depending on the battery configuration the range could be up to 300 km. Sales will begin next year and volume production will start in 2022. This means…

The steel from SSAB is produced using a completely new technology, based on hydrogen. The result is a much lower climate impact than conventionally produced steel. Small scale introduction of the steel in Volvo’s heavy electric trucks will begin in the third quarter of 2022. “We will increase the use of fossil-free materials in all our trucks to make them net-zero not only in operation – but also when it…

To deliver sustainable transport and a carbon neutral Europe by 2050, the commercial vehicle arms of the two companies, Daimler Truck AG and the Volvo Group, have signed a preliminary non-binding agreement to develop, produce and commercialize fuel cell systems for heavy-duty vehicle applications and other use cases. Daimler will consolidate all its current fuel cell activities in the joint venture. The…

Barone is the veteran auto parts exec (Tower Automotive LLC and J.L. French Automotive Castings Inc. are among the names on his resume) who leads automotive operations for RHJ International SA, the listed Belgium-based industrial holding company where Tim Collinwood of private equity firm Ripplewood Holdings LLC is chairman of the investment and strategy committee. A report in Friday's Wall Street Journal…

Ford of Europe has appointed Volvo boss Stephen Odell as its new chairman and CEO as part of a wider management shake-up at Ford Motor Company. Odell will succeed John Fleming in the role when Ford’s sale of Volvo to Geely closes, which is expected to happen by the end of September. Fleming will move to head up Ford’s global manufacturing and labour affairs operation. “Stephen did an outstanding job leading…

Volvo Trucks is expanding its model offers adapted for biodiesel B100. This is yet another move in line with the company’s strategy to reduce the climate impact of its trucks. Volvo Trucks has one of the industry’s broadest ranges of renewable fuel options, including biodiesel, HVO (Hydrotreated Vegetable Oils) and biogas. B100 is now available for a wide selection of engines in the Volvo FL, FE, FM, FMX,…