Sweden's Volvo Group, the world's second biggest truckmaker, said on March 15 that it was halting the operations of its Japanese subsidiary UD Trucks until March 21 amid growing fears of radiation from damaged nuclear plants. "UD Trucks recommends all its ...

Volvo Group 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 ...

The Japan-based UD Trucks— formerly known as Nissan Diesel— makes medium- and heavy-duty trucks and produced the world’s first vehicle-based selective catalytic reduction (SCR) system for the Quon in 2004. Volvo Group said in the press release that ...

TOKYO/STOCKHOLM (Reuters) - Sweden's Volvo AB will sell its Japan-based UD Trucks business to Isuzu Motors <7202.T> in a deal worth around $2.3 billion (£1.79 billion), exiting a low-margin business and boosting its cash pile as competition for high-tech ...

When Volvo made its first vehicle in 1927, it was an open car known as the ÖV4, typically referred to as Jakob. Just a year later, the LV Series 1 entered production and became Volvo's first truck. It was designed for Sweden's weather and road conditions ...

Swedish truck maker AB Volvo on Tuesday made a 7.5bn kronor (EUR810m $US1.07bn) offer to take over Japan’s Nissan Diesel in a strategic move aimed at gaining a ...

The Japan Autonomous Vehicles Market is set to surge to US$ 24.25 billion by 2033, growing at a CAGR of 22.1% from 2025. Government initiatives like the Smart Mobility Challenge and SIP are fueling this growth by promoting autonomous driving technologies.

Volvo Trucks plans to launch hydrogen-powered fuel cell electric trucks in the second half of this decade. The Gothenburg-based company has already started vehicle testing. The fuel cell electric trucks will have an operational range of up to 1,000 km and ...

Volvo Trucks, saying hydrogen-fuel-cell trucks will be an important part of its zero-exhaust-emission product portfolio, announced that its FCEV trucks have passed an important milestone, being test-driven on public roads in the Arctic Circle. Last year ...