Volvo | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
Volvo is a global company known for its commitment to quality, safety, and environmental care. It offers a wide range of transport...
Volvo is a global company known for its commitment to quality, safety, and environmental care. It offers a wide range of transport and infrastructure solutions, including trucks, buses, construction equipment, and marine power solutions, while also focusing on innovations for the future.
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🛍️ Volvo Product and Pricing News →
👔 Volvo CEO, Management and Leadership Team →
⚔️ Volvo Alternatives and Competitors →
💼 Volvo Hiring and Layoffs →
🤖 Volvo Developer, Integration and Automation News →
📈 Volvo Financials, Fundraising and Valuation News →
🛍️ Volvo Product and Pricing News
- Volvo has introduced the new Volvo VNR truck for North American regional and urban delivery, featuring improved fuel efficiency, advanced safety features, and compatibility with future propulsion technologies.
- On March 7, 2025, MYSTIC BLUE YACHT, LLC filed a lawsuit against AB Volvo Penta and Volvo Penta of the Americas, LLC in the Florida Southern District Court under the Magnuson-Moss Warranty Act.
- Volvo Penta has introduced a new IPS professional platform that enhances ferry propulsion efficiency and prepares passenger ships for future power needs.
- Volvo Construction Equipment and its Indonesian dealer launched the New Generation EC210 Excavator inspired by the Hindu legend of Mahabharata on February 21, 2025.
- Volvo Trucks South Africa delivered two battery electric FH 6x4 truck tractors to Vector Logistics, marking their first fully electric trucks for local deliveries in Gauteng and Cape Town.
- Volvo introduced a straight boom for its EC18 Electric mini excavator, enhancing its indoor demolition capabilities with a 10% higher pin height.
- Volvo's subsidiary Renault Trucks and Schwing Stetter have developed an innovative electric concrete transport solution to address decarbonization challenges.
- Volvo introduced five new hybrid excavator models with up to 20% better fuel efficiency and a 15% reduction in CO2 emissions.
👔 Volvo CEO, Management and Leadership Team
⚔️ Volvo Alternatives and Competitors
- BMW |
- Audi |
- Mercedes Benz |
- Toyota |
- Volkswagen |
- Honda |
- Hyundai |
- Ford |
- Subaru |
- Lexus |
- Jaguar |
- Polestar |
- Fiat Chrysler Automobiles
💼 Volvo Hiring and Layoffs
- Hari Srinivas Babu Aggarapu has left Volvo as Chief Engineer | General Manager in Bengaluru, India to join Alstom as Director Engineering.
- Makrand Lad has left Volvo as an Expert Engineer in India to join Time Technoplast Ltd as Vice President of High-Pressure Cylinder Products.
- Michaël LE MENTEC has joined Volvo as Director People & Culture | Global Trucks Technology in the Greater Lyon Area, previously serving as HR Lead at ERIKS.
- Volvo is hiring a Head of Product Quality in Shippensburg, PA, focusing on sustainable transport and infrastructure.
- Luz Elena Jurado, after leading Volvo Trucks Argentina for nearly four years, returns to Mexico to work on a key project for Volvo Group.
- Johan Ågren has left Volvo as M&A Director in the Greater Gothenburg Metropolitan Area to join Autoliv as Head of Strategic Expansion & Partnership.
- Denis Bozic has joined Volvo as the Head of Chief Program Management Electromobility in Sweden, previously serving as the Head of Quality Performance & Management System at Volvo Cars.
- Ashish Sadhu has left Volvo as Director, Connected Vehicle Solutions & Services in the United States to join Mack Trucks as Director, Vendor Services Strategy.
🤖 Volvo Developer, Integration and Automation News
- Volvo Trucks Italia and FLEET220 have announced a strategic partnership to support the transition to electric transport by offering customers in Italy a complete and integrated charging solution.
- Volvo Buses received an order for 106 electric buses from Svealandstrafiken in Sweden, including 60 Volvo 8900 Electric intercity buses and 46 Volvo 7900 Electric Articulated buses.
- Volvo Defense signed a contract with Sweden's FMV to deliver 300 FMX trucks with an option for 200 more, as part of a 1.4 billion SEK deal announced on February 27, 2025.
- Försvarets materielverk ordered 775 trucks with options for 575 more from Volvo and Scania.
- Volvo announced a partnership with Aurora to advance autonomous transportation.
- Volvo collaborates with Daimler and Aurora to develop a fossil-free transport ecosystem and holds 70% of the electric truck market in Europe, according to CEO Martin Lundstedt.
- Volvo Group, with technical project head Cécile Roussel and Electric Vehicle range director Edouard Rochard, has developed 'Oxygen,' a sustainable urban delivery truck in collaboration with Renault Trucks and Geodis.
- Volvo and Waabi are set to launch AI-powered autonomous trucking operations in Texas in 2025, integrating Waabi’s virtual driver technology into Volvo’s platform.
📈 Volvo Financials, Fundraising and Valuation News
- On February 24, Volvo's stock price rose significantly on the Stockholm Stock Exchange.
- Volvo Penta reported a 4% decline in net sales for 2024, with deliveries down 20% to 35,651 units.
- Volvo Trucks became the market leader for heavy trucks in Europe for the first time, selling over 56,300 trucks in 2024 and achieving a 17.9% market share.
- Volvo achieved record sales and profits in 2024 with revenues exceeding $36.5 billion and a 6% increase in core operating profit, but anticipates a challenging 2025 due to market pressures and competition.
- Volvo's net sales decreased by 3% to SEK 526.8 billion, with vehicle sales down 5% and service sales up 4%, according to CEO Martin Lundstedt.
- Volvo will publish its Annual Report 2024 on February 27, 2025.
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