Volvo

Swedish multinational manufacturing company

Follow Volvo on Notably News to receive short updates to your email — rarely!

2024 Launch of the BZR flexible electric chassis.
November 2023 Volvo acquired Proterra's battery business for US$210 million.
December 2022 Volvo, Daimler Truck, and Traton established a joint venture called Commercial Vehicle Charging Europe (trading as Milence) to build an electric vehicle charging network for heavy vehicles in Europe.
2021 Introduction of the BZL low-floor single/double-decker chassis.
2021 Volvo Group reported that 62% of its revenue came from trucks and related services, with construction equipment accounting for 25% of total revenue.
September 2021 Dropped the Terex name and rebranded the business as Rokbak.
April 2021 UD Trucks sale to Isuzu was completed.
April 2021 Volvo signed a partnership with steel manufacturer SSAB to develop fossil fuel-free steel for future vehicle use.
December 2020 Began delivering all-electric ECR25 Electric compact excavators to customers.
July 2020 Sold Blaw-Knox pavers to Gencor Industries Inc. in Orlando.
April 2020 Volvo and Daimler announced plans for Volvo to acquire half of Daimler's fuel cell business, forming a joint venture.
December 2019 Volvo and Isuzu announced intention to form a strategic alliance on commercial vehicles, with Volvo planning to sell UD Trucks to Isuzu.
March 2019 WirelessCar sale to Volkswagen was completed.
December 2018 Volvo announced intention to sell a 75.1% controlling stake of its car telematics subsidiary WirelessCar to Volkswagen.
December 2013 Agreed to pay US$160m for Terex's heavy haul truck line, including Terex Equipment Ltd of Scotland.
December 2013 Volvo sold its Volvo Construction Equipment Rents division to Platinum Equity.
December 2012 Renault sold their remaining shares in Volvo, leaving Swedish industrial investment group Industrivärden as the largest shareholder.
October 2010 Renault sold 14.9% of their stake in AB Volvo for €3.02 billion.

This contents of the box above is based on material from the Wikipedia articles Volvo, Volvo Construction Equipment & Volvo Buses, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.

See Also