Volvo announces partnership with ABB Volvo Buses (VOLVY) and ABB (ABB) have signed a partnership agreement regarding automatic e-bus chargers for electric-hybrid and full-electric Volvo buses. The cooperation enables the companies to deliver complete electrified bus solutions to cities. Under the global partnership agreement, Volvo Buses will supply electric-hybrid buses and full-electric buses. ABB will supply standard-based fast-charging solutions for the electric vehicles. The first joint project will be the implementation of Volvo Electric Hybrids and automatic e-bus chargers in the Luxembourg public transport system. Potentially 12 Volvo Electric Hybrid buses operated by Sales-Lentz will be running on existing public bus lines in Luxembourg as of 2015.
Volvo reports Q3 EPS SEK 0.74 vs. SEK 0.68 last year Reports Q3 revenue SEK 67.2B vs. SEK 64.9B last year. Volvo CEO Olof Persson stated, “The activities within the Strategic Program 2013-2015 are being implemented as planned. We have identified additional opportunities to reduce our structural cost level and we are therefore increasing the scope of our strategic program with the following activities: Implement further cost-reduction activities in Volvo CE, reorganize Group Trucks Sales in order to increase efficiency and reduce costs and review what is core and non-core in in our IT operations.”