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Tag: Volvo Group
Construction Equipment
Volvo Financial Services names Shannon president for North America
Volvo Financial Services has appointed Patrick Shannon president of its North American region. He will be responsible for business operations and financial performance of the company in the U.S., Canada and Mexico. With more than 30 years of experience, Shannon has held various senior leadership roles in sales, wholesale operations and risk management. He joined sister […]
July 2, 2020
Business
Volvo Group reduces global workforce by 4,100 due to coronavirus impacts
Volvo Group, parent of Volvo Construction Equipment and Mack Truck, says it will reduce its global white-collar workforce by more than 4,100 positions during the second half of 2020 due to impacts from the coronavirus pandemic. Approximately 1,250 of these positions are in Sweden and 15 percent are consultants. “The Corona epidemic and the global […]
June 17, 2020
Class 7-8
Volvo Group launches new Autonomous Solutions Group led by Nils Jaeger
Volvo Group, parent of Volvo Construction Equipment, has named Nils Jaeger president of is new Volvo Autonomous Solutions business division. He will report to Martin Lundstedt, Volvo Group president and CEO and serve as a member of the Volvo Group management team. The Volvo Autonomous Solutions division, which began Jan. 1st,  is charged with accelerating […]
January 8, 2020
Vocational
Volvo, Samsung to develop batteries for electric trucks
Volvo Group and Samsung SDI have announced the formation of a strategic alliance that will develop battery packs for Volvo Group’s electric trucks. Working with Samsung SDI, Volvo Group aims to accelerate the speed of development and strengthen the long-term capabilities and assets within electromobility across all truck segments and markets. The alliance will cover […]
July 19, 2019
Home
Volvo Construction Equipment sales up 27% in 2018, 21% in 4Q
Volvo Construction Equipment saw a sales increase of 27 percent in 2018, compared to the previous year. Q4 results were also up 21 percent compared to same period in 2017.
February 5, 2019
Battery electric
Volvo, Skanska to test electric, autonomous site quarry for 10 weeks this fall
Come fall, Volvo will see its electric site quarry come to life thanks to the help of Skanska Sweden. Watch Volvo's RC model demonstration on Equipment World.
May 22, 2018
Dealers
Former Volvo CE chief Weissburg appointed president of Mack Trucks
Martin Weissburg has been named president of Mack Trucks beginning June 1. For the past three years, he’s been serving as president of Volvo Construction Equipment. He joined the Volvo Group in 2005 as president of Volvo Financial Services Americas, and in 2010 became global president of Volvo Financial Services. Weissburg will be headquartered in […]
December 8, 2017
Class 7-8
Mack unveils Anthem, a brand new on-highway tractor
Mack Trucks on Wednesday upped its ante in the company’s on-highway business with the debut of Mack’s newest, most driver-centric tractor to-date. The Anthem model was unveiled at Mack’s Global Dealer Summit in Allentown, Penn. amid much fanfare and following nearly two months of teasers. “For me, this is almost like Christmas Day,” Volvo Group CEO […]
September 19, 2017
Construction Equipment
Volvo sells its 25% stake in Deutz engines
Volvo has sold off all of its shares in German engine maker Deutz, according to brief announcements released by the companies. Volvo says it sold more than 30 million shares to institutional investors for 1.9 billion Swedish Crowns ($225 million). In June 2012, Volvo increased its shareholding from 6.7 percent to more than 25 percent […]
July 10, 2017
Business
Volvo sells Volvo Rents equipment rental business to Platinum Equity
As rumored earlier this year, the Volvo Group has agreed to sell its Volvo Rents construction equipment rental business to Platinum Equity, a U.S.-based private equity firm, for $1.1 billion (SEK 7.5 billion). The sale should be completed during the first quarter of 2014. As a pre-requisite for the sale to go through, Platinum Equity […]
December 10, 2013
Home
Volvo Trucks promotes Ron Hubers to president of North American sales and marketing
Volvo Trucks on Dec. 19 named Ron Huibers as president of North American sales and marketing, effective Jan. 1, 2012. In this role, Huibers will be responsible for all of the company’s commercial activities in the United States, Canada and Mexico. Huibers has been with the Volvo Group for more than 15 years, and served […]
December 19, 2011
Roadbuilding
Mack to participate in SuperTruck development
Mack Trucks, Inc. will participate in the development of technologies to improve the freight-moving efficiency of heavy-duty trucks and reduce greenhouse gas emissions as part of a SuperTruck contract with the U.S. Department of Energy under which the Volvo Group, of which Mack is a part, is scheduled to receive $19M in federal funding. Mack […]
August 15, 2011
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