Volvo Car Group and Swedish battery maker Northvolt AB will jointly build an electric car battery factory in the latest move by European manufacturers to localize cell production in the region.

Volvo Group shareholders are in line for a big payout, with the truck maker planning to pass along all of the proceeds from the sale of a Japanese business earlier this year.

Volvo Group has signed a collaboration agreement with steel company SSAB to cover research and development of what Volvo called the world’s first vehicles to be made of fossil-free steel.

Volvo Group will partner with Aurora Innovation Inc. to develop and commercialize autonomous Class 8 trucks in North America.

Volvo Group reported fourth-quarter net income rose amid a surge in North American truck orders, but revenue slipped.

Volvo Trucks North America announced it will begin selling its Volvo VNR Electric model Dec. 3 as production at its New River Valley manufacturing plant in Dublin, Va., is slated for early 2021.

Volvo Group posted third-quarter declines in net income and revenue as truck orders rose but deliveries dropped.

Volvo Group will reduce its white-collar workforce by 4,100 starting in the second half of the year as it confronts lower demand during the novel coronavirus pandemic.

Daimler Truck AG has established Daimler Truck Fuel Cell GmbH & Co., the organizational and legal framework intended to bring together all of the group’s fuel cell activities.

Volvo Group reported first-quarter net income and revenue fell amid lower truck orders and deliveries as the coronavirus pandemic intensified.