Emitting only water vapor, hydrogen-powered fuel cell trucks will be an important part of Volvo Trucks’ zero exhaust emission product portfolio
AB Volvo
Posted inMachinery
Volvo CE divests British dealership to SMT Holdings
Volvo Construction Equipment has concluded the sale of its British dealership to Services Machinery & Trucks, a subsidiary of SMT Holdings
Posted inAppointments
Renault Trucks hires Greater Middle East president
Grégoire Blaise is to replace Lars-Erik Forsbergh as president of Renault Trucks’ Greater Middle East region
Posted inVehicles
Comedat deploys 90 Terex Trucks to Jordanian mines
Comedat has dispatched 90 Terex Trucks rigid dump vehicles to mine phosphate across three sites in the north and south of Jordan
Posted inPMV
Deutz and Volvo call off Chinese joint venture
Lacklustre Chinese market causes Deutz AG and AB Volvo to cancel their proposed joint venture, DEUTZ Engine (China) Co Ltd (DEC)
Posted inPMV
AB Volvo buys 45% stake in Dongfeng for $885m
Volvo Group has completed the acquisition of 45% of Chinese automaker, Dongfeng Commercial Vehicles, with a purchase consideration amounting to $885mn (RMB 5.5bn)
Posted inPMV
Volvo Group to cut 4,400 white-collar jobs
Volvo sees 37% drop in Q4 profits despite 8% increase in net sales
Posted inRental
Divestiture of Volvo Rents completed for $1.1bn
Volvo Group completes divestiture of Volvo Rents to Platinum Equity
Posted inPMV
Platinum Equity to buy Volvo Rents for $1.1bn
Volvo Group agrees sale of Volvo Rents to Platinum Equity for $1.1bn