Isuzu to buy Japanese truck unit from Volvo in $2.3 billion deal
Volvo Group has agreed to sell its UD Trucks unit to Isuzu Motors Ltd. for about $2.3 billion and announced plans to forge a strategic alliance with its Japanese rival, the latest sign of consolidation in the global automotive industry. UD Trucks, based in Saitama, ...
Japan faces urgent need to develop autonomous transport due to graying society and driver shortage
Due to its graying society and shortage of drivers, Japan quickly needs to get an autonomous transportation system put into place.
Volvo unit's autonomous truck goes the distance in test as Hokkaido faces driver shortage
The Japanese unit of Sweden's AB Volvo demonstrated for journalists on Thursday a highly autonomous truck at a sugar factory in Hokkaido, where it moved for about 1.5 kilometers (1 mile) without the involvement of a human driver. UD Trucks Corp. said the test, which ...
Caterpillar, Volvo and Komatsu linked to mining abuses in Myanmar: report
Caterpillar, Volvo and Komatsu contribute to abuses in Myanmar by selling machinery used by domestic mining companies implicated in land expropriation, environmental destruction and armed conflict, according to a report published on Wednesday. The three companies "appear to be the dominant brands" represented in the ...
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 ...
Volvo looks to supply Uber with up to 24,000 self-driving cars
Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars. The nonbinding framework deal could offer San Francisco-based Uber ...
Volvo, long at the forefront of automobile innovation, demonstrates this once again by saying it's going fully electric.
