Glum Volvo Group financial report follows layoffs of 4,100 white-collar workers in second quarter. Uncertainty means the pain may continue for some time.
Swedish truck maker Volvo Group says financially ugly short- and medium-term market conditions require stepped-up cost cutting.
Sweden’s Volvo Group is cutting 4,100 white-collar jobs globally in the second half in response to ongoing impacts of the COVID-19 pandemic. About 15% of the cuts will be contractors. […]
Perhaps motivated by the buzz that newly public rival Nikola is getting, Tesla’s Elon Musk says it is time for the oft-delayed Tesla semi-truck to move to full production. Tesla’s share price crosses $1,000 for first time.
Daimler Trucks AG is creating a fuel cell subsidiary as a forerunner to a 50-50 joint venture with Volvo Group to make fuel cell-powered backup systems for data centers and eventually hydrogen-fueled heavy-duty trucks.
The largest manufacturer of heavy-duty trucks puts worker protections in place as it tries to make up for production lost to the coronavirus pandemic.
Daimler Trucks and Volvo Group, two truck makers lukewarm on hydrogen fuel cells, hedge their bets to leverage Daimler’s Mercedes-Benz fuel cell efforts for heavy-duty trucks.
Supply chain disruption from coronavirus adds Navistar plant in Ohio to truck operations suspending production and pulling earnings guidance.
Engine maker Cummins Inc. joined Volvo and Mack Trucks in suspending production because of the coronavirus pandemic . Cummins and trailer maker Wabash National also pulled their earnings guidance for the year.
Volvo Trucks North America and its sibling Mack Trucks later this year will allow individual truck drivers to schedule over-the-air updates typically handled by fleet managers.
Despite the first labor strike in 35 years and volatile orders for new trucks, Martin Weissburg says his current role as president of Mack Trucks is the favorite of his 15-year Volvo Group career.
Mack is back in medium-duty trucks with its first offering in two decades coming this summer from a new plant near Roanoke, Virginia.
Volvo Group reported a significant jump in its fourth-quarter income, but truck orders and net sales declined compared with 2018 numbers.
Honda and Isuzu said Wednesday they will work together to apply Honda R&D expertise in fuel cells to Isuzu trucks in Japan.
Mack Trucks has entered the electric vehicle space with its LR Electric refuse truck, but it may not be done. The engine, with modifications, may work well in other applications as well.
Mack Trucks is recalling TerraPro models from 2019 and 2020 because the headlamps were not properly aimed during production.
Volvo is putting all its autonomous vehicles work under a new unit.
The hype surrounding zero-emission electric trucks is evolving into real-world results for two major freight haulers. Both Penske Truck Leasing and NFI Industries have crossed 10,000 miles of battery-powered, zero-emissions freight hauling.
Volvo Trucks North America will lay off about 700 workers in January, extending an industry pullback in production to match slowing orders of new Class 8 trucks.
Navistar will book a $140 million hit to fourth-quarter revenue because of the six-week United Auto Workers’ strike at General Motors.
The United Auto Workers voted 79% in favor of a new four-year contract at Mack Trucks following a 12-day strike that idled six facilities in three states and halted production at Volvo Trucks’ only assembly plant in North America.
AB Volvo through its venture capital group is investing in an Israeli cybersecurity startup while also combining all of its autonomous ventures into a single group.
Swedish truck maker AB Volvo reported higher third-quarter profits and sales on Friday, October 18. But it warned that orders for new trucks in North America and Europe continue to decline and a strike at its Mack Trucks unit could pinch profits depending on how long it lasts.
The impact of a United Auto Workers’ strike at Mack Trucks will nearly double next week when Volvo Trucks North America lays off about 3,000 employees because of a lack of engines and transmissions that come from a Maryland plant the companies share.
The United Auto Workers plans its first strike against Mack Trucks in 35 years for Sunday, Oct. 13. A total of 3,500 union-represented workers at plants in Pennsylvania, Maryland and Florida would be affected.
Volvo Group and Samsung SDI will work together to advance Volvo’s electric truck plans with direct supply of battery cells and packs to Volvo manufacturing plants.
Volvo Group posted record second-quarter sales and earnings but warned that production cuts are likely in the second half as a huge backlog of heavy-duty truck orders from 2018 shrinks in size. (Image: Volvo)
The Volvo Group and Nvidia have announced a joint partnership to develop artificial intelligence (AI) for self-driving trucks. Work will begin immediately in Gothenburg, Sweden and Santa Clara, California. The […]
The rivalry between the two camps was brought into sharp relief during the Advanced Clean Transportation Expo, where a vigorous defense by both sides informed many of the panel presentations and trade show spiels.
Volvo will put an electric powertain in its popular VNR regional tractor. Test vehicles will begin operating next year and commercial units will be available in 2020.
iLabX will be run in collaboration with L Marks, a corporate innovation specialist. The program will accept entries in four categories related to tech and transport.
Drayage to be test bed as OTR market remains out of EV reach.
Major drayage operator at U.S. busiest port complex looks to all-electric truck to hit emissions reduction goal.
For those in the trucking industry, Mack Trucks – with its 111-year heritage – is certainly an iconic brand. For new Mack Trucks President Martin Weissburg, that was reinforced over the past four years as he led Volvo Construction Equipment in Europe.
