Volkswagen pulls truck unit IPO in setback to CEO's revamp

Business Mar 14, 2019

Volkswagen pulls truck unit IPO in setback to CEO's revamp

Volkswagen AG canceled plans to sell a share of its Traton SE division due to weak market conditions, dealing a setback to the automaker's plan to generate fresh funds for the heavy-truck unit's expansion outside Europe. "We regret that we have to refrain from a ...

Business Aug 14, 2018

Trucks and buses in Japan going electric

Japanese truck and bus makers are focusing more on the production of electric vehicles as the government pushes to reduce greenhouse gas emissions from vehicles. Hino Motors Ltd., a commercial vehicle arm of Toyota Motor Corp., plans to launch its first model of a large ...

Business / Corporate Apr 24, 2018

Volvo Trucks to share electric battery technology across brands

Volvo Trucks plans to share battery technology across its brands to tame development and production costs for the crucial but expensive component. As automakers face growing costs to develop lower-emission vehicles and automated driving capabilities, Volvo Trucks, owned by Sweden's Volvo AB, said Monday it ...