Volvo Group profits jumped year on year in the second quarter of 2024 on the back of truck price increases and improved margins for construction equipment plus marine and industrial engines.

The Biden administration is set to award Volvo Group, Accelera by Cummins and ZF North America a combined $441 million in grants to upgrade manufacturing facilities.

Cellcentric began pilot production of hydrogen fuel cells June 20 at its Esslingen plant in Germany, the joint venture between Daimler Truck and Volvo Group said.

LAS VEGAS — Powering America’s Commercial Transportation finalized its initial membership cohort in recent days with 24 founding members.

Volvo Group plans to begin testing trucks with hydrogen-powered internal combustion engines with customers in 2026 and launch commercial production toward the end of the decade.

Profits at truck maker Volvo Group in the first quarter of 2024 received a boost from price increases, even as orders and deliveries declined as expected.

Volvo Group and Westport Fuel Systems have put the finishing touches on their joint venture and are moving forward with deployment of a high-pressure gas-injection fuel system..

Progress in 2023 for battery-electric trucks was slower than expected, with demand underwhelming and improvements needed for the underlying infrastructure, some OEM executives say.

Westport Fuel Systems expects definitive agreements for its high-pressure gas-injection fuel system joint venture with Volvo Group to be signed by the end of January, executives said.

GOTHENBURG, Sweden — Executives from Volvo Energy said they are developing long-term life cycle plans for batteries used in their electric trucks, with an emphasis on energy storage.