A decrease in truck sales in North America and Europe plus increased production costs in the U.S. dragged on Volvo Group AB profits in the fourth quarter of 2024, the company said Jan. 29.

In 2024, 371 heavy-duty electric trucks hit the road in Norway – an increase of 91 per cent compared to 2023. Most of these trucks (65 per cent) were delivered by Volvo, while 18 per cent came from ...

Sweden's Volvo Group is proceeding with its planned USD 700-million heavy-truck factory in Monterrey, Mexico, CEO Martin Lundstedt told Reuters on Wednesday, even as President-elect Donald Trump ...

Volvo Group focuses on developing sustainable, cost-effective, and safe battery packs for heavy-duty trucks and equipment. These packs, built with thousands of lithium-ion cells, offer high energy ...

Volvo's US factories currently make 100% of the trucks it sells in the US. The company has been investing in plants in Virginia, Maryland and Pennsylvania to expand that capacity, Lundstedt said.

European markets closed higher on Wednesday as investors in the region monitored a series of corporate earnings releases.

The economic agreement, signed by Rania Al-Mashat, Egypt's Minister of Planning and Economic Development and International ...

The tech exists, and vehicles on the road already have it, yet a consortium of carmakers doesn’t want to make this lifesaving ...

He died at the scene. Watch: Driver killed in collision with pickup truck in Town of Norway Driver killed in collision with pickup truck in Town of Norway The crash happened just after 3:30 p.m ...

Since the XC90 T8 plug-in hybrid's debut in 2017, Volvo has adopted a "don't fix what isn't broken" attitude towards its mid-size luxury SUV. That sentiment carries into this year, as Volvo has ...