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News Breaks | | | | February 13, 2013 | | 09:13 EDT |  | VOLVY | Volvo invests in DriveCam
Volvo Group Venture Capital, a subsidiary to the Volvo Group, announced that Volvo has made a strategic investment in DriveCam. The two companies have joined forces with the objective of delivering innovative safety-centric solutions to the global commercial vehicle industry. DriveCam, Inc. is a global driver risk management company located in San Diego, California. Through the investment Volvo Group becomes a minority shareholder in the company. The transaction has no significant impact on the Volvo Group’s earnings or financial position. | |
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News For VOLVY From The Last 14 Days Check below for free stories on VOLVY the last two weeks. |
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| June 17, 2013 | | 06:15 EDT | | VOLVY | Volvo reports May total truck deliveries down 9% to 16,732
In May 9,689 Volvo trucks were delivered, an increase of 4% compared with the same month last year. In Europe 3,556 vehicles were delivered during May, down 11% compared with May 2012. An extensive product renewal is under way with five new truck models; Volvo FH, Volvo FM, Volvo FMX, Volvo FE and Volvo FL. All the new models include innovations and features that make the driver's job easier and more efficient. May deliveries in North America increased 10% to 2,416 vehicles in comparison with the same period in 2012. Deliveries for South America increased 30% in May to 2,178 commercial vehicles compared with May 2012. May deliveries in Brazil increased 40% to 1,750 trucks compared with May 2012. | | | June 13, 2013 | | 11:55 EDT |  | VOLVY | Data shows NAV truck market struggled in May, says Wells Fargo
Wells Fargo says Ward's U.S. retail sales data for May shows that NAV continues to struggle with market share amid the engine technology transition. Class 8 truck market share for May dropped to 12.5% from 15.0% in April, with PACCAR (PCAR) and Volvo (VOLVY) gaining share and Daimler (DDAIF) losing share, Wells noted, citing Ward's data. | | | June 5, 2013 | | 08:31 EDT |  | VOLVY | Volkswagen ready to restart its move in trucks, Bloomberg reports
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