Drivers on the busy E45 road in western Sweden were met with an odd smell as they approached the town of Mellerud after a truck dumped more than 100 barrels of pickled herring in an accident.
A Swedish research project working together with Volvo has been handed a 2.5 million kronor ($280,200) grant to help develop trucks specially adapted for women and disabled.
Sweden's Volvo Group, the world's second-biggest truck maker, on Friday reported a seven-fold increase in net profit, thanks mostly to a massive cost-cutting drive.
Swedish truck firm Volvo has generated a buzz of internet excitement with a new advertisement film featuring CEO Claes Nilsson suspended mid-air in a daring stunt above Gothenburg harbour. Watch the film here.
The majority of truck drivers in Sweden are speeding, according to a new investigation, with police planning to crack down on the lawbreakers and increase roadside surveillance.
Dong Feng, owners of a Chinese truckmaker in which Volvo recently purchased a 45 percent stake, has been blacklisted by a major Swedish state pension fund for allegedly violating a United Nations weapons embargo.
Swedish truckmaker Volvo claims to have become the largest global manufacturer of heavy trucks after completing the purchase of 45 percent of Chinese firm Dongfeng Commercial Vehicles (DFCV).
French carmaker Renault said Wednesday it had begun to sell off its remaining shares in Swedish truck manufacturer AB Volvo, which has a market value of around 13 billion Swedish kronor ($1.9 billion), to reduce the company's debt and raise funds for investment.
Volvo, the world's second-largest truck maker, reported Tuesday a lower-than-expected third quarter profit and forecast a shrinking market in Europe next year but growth in North America.
Sweden's Volvo Group has appointed Olof Persson, current head of Volvo Construction Equipment (Volvo CE), to take over as the heavy vehicle maker's new CEO following the departure of Leif Johansson.
Volvo Group, the second-biggest maker of heavy vehicles, said Friday it returned to a booming profit in 2010, thanks to a strong recovery across the sector and despite a slightly disappointing fourth quarter.
Swedish truckmaker Scania and Germany's MAN, who both have links to the Volkswagen automotive group, are considering merging, Scania said in a statement Monday.
Sweden's Volvo, the world number two for heavy goods vehicles, drove back into profit, announcing third-quarter profits of 2.81 billion kronor ($422 million) on Friday.
In May, 24,994 new passenger cars were registered in Sweden, according to industry organization Bil Sweden, an increase of 37.2 percent from last year.
The head of Swedish truck maker Volvo said Tuesday that European sales would drop 40 percent in 2009, but that demand elsewhere is expected to pick up before year’s end.
Sweden’s Volvo Group bowed to criticism and said it was scrapping a proposal to raise executive bonuses on Wednesday, the same day that its truck making subsidiary announced it was stopping production at one of its plants because of dropping demand.
Volvo AB reported a pre-tax loss of 2.5 billion kronor ($300 million) in the fourth quarter, compared to a profit of 5.6 billion the same period a year before.
Volvo Trucks announced plans on Monday to lay off 1,000 factory workers in Sweden and 400 in Belgium due to declining demand for trucks in the European market and the rising cost of raw materials.
