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.
Activist may push for ABB break-up, Bloomberg reports Activist investor Cevian Capital is now the second largest stakeholder in ABB with a 5.1% stake and may push for a breakup or other changes at the power grid maker, according to Bloomberg, citing a person familiar with the investor's plans. Reference Link