The Volvo Group Invests in New Concept for Emissions Resulting from Function Tests
March 04 2008 - 7:45AM
Business Wire
Regulatory News: The Volvo Group (NASDAQ:VOLV) (STO:VOLVA)
(STO:VOLVB) is investing slightly more than SEK 330 M in a new
concept for reducing emissions and improving quality in connection
with the function testing of newly produced engines. Use of the new
technology will reduce emissions by approximately 85 percent. The
concept has been tested for about a year at the Volvo Group's
engine-production plant in Curitiba, Brazil. The new technology
enables safer and more efficient quality assurance of new engines.
While it previously took about 30 minutes to check all functions
during testing, the new method generates the same results
significantly faster and with greater precision. With leading-edge
evaluation methods in the background, this brief engine test
provides complete information about functionality. At the same
time, emissions of nitrous oxides and other harmful substances from
the plant are reduced by 85 percent. During 2008, the new
technology will be introduced at the engine-production plants in
Skovde, Sweden, and Hagerstown, Maryland in the US. In 2009, the
equipment will be installed at all of the Volvo Group's engine
plants worldwide. The investment also comprises upgrading and
improving quality assurance of the assembly process in engine
production. March 4, 2008 The Volvo Group is one of the world's
leading manufacturers of trucks, buses and construction equipment,
drive systems for marine and industrial applications, aerospace
components and services. The Group also provides complete solutions
for financing and service. The Volvo Group, which employs about
100,000 people, has production facilities in 19 countries and sells
their products in more than 180 markets. Annual sales of the Volvo
Group amount to about SEK 285 billion. The Volvo Group is a
publicly-held company headquartered in Goteborg, Sweden. Volvo
shares are listed on OMX Nordic Exchange Stockholm. Visit
http://www.thenewsmarket.com/volvogroup to access
broadcast-standard video from Volvo Group. You can preview and
request video, and choose to receive as a MPEG2 file or by Beta SP
tape. Registration and video is free to the media. AB Volvo (publ)
may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was
submitted for publication at 13.30 p.m. March 4, 2008. This
information was brought to you by Cision http://newsroom.cision.com
Regulatory News: The Volvo Group (NASDAQ:VOLV) (STO:VOLVA)
(STO:VOLVB) is investing slightly more than SEK 330 M in a new
concept for reducing emissions and improving quality in connection
with the function testing of newly produced engines. Use of the new
technology will reduce emissions by approximately 85 percent. The
concept has been tested for about a year at the Volvo Group�s
engine-production plant in Curitiba, Brazil. The new technology
enables safer and more efficient quality assurance of new engines.
While it previously took about 30 minutes to check all functions
during testing, the new method generates the same results
significantly faster and with greater precision. With leading-edge
evaluation methods in the background, this brief engine test
provides complete information about functionality. At the same
time, emissions of nitrous oxides and other harmful substances from
the plant are reduced by 85 percent. During 2008, the new
technology will be introduced at the engine-production plants in
Sk�vde, Sweden, and Hagerstown, Maryland in the US. In 2009, the
equipment will be installed at all of the Volvo Group�s engine
plants worldwide. The investment also comprises upgrading and
improving quality assurance of the assembly process in engine
production. March 4, 2008 The Volvo Group is one of the world�s
leading manufacturers of trucks, buses and construction equipment,
drive systems for marine and industrial applications, aerospace
components and services. The Group also provides complete solutions
for financing and service. The Volvo Group, which employs about
100,000 people, has production facilities in 19 countries and sells
their products in more than 180 markets. Annual sales of the Volvo
Group amount to about SEK 285 billion. The Volvo Group is a
publicly-held company headquartered in G�teborg, Sweden. Volvo
shares are listed on OMX Nordic Exchange Stockholm. Visit
http://www.thenewsmarket.com/volvogroup to access
broadcast-standard video from Volvo Group. You can preview and
request video, and choose to receive as a MPEG2 file or by Beta SP
tape. Registration and video is free to the media. AB Volvo (publ)
may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was
submitted for publication at 13.30 p.m. March 4, 2008. This
information was brought to you by Cision http://newsroom.cision.com
AB Volvo (MM) (NASDAQ:VOLV)
Historical Stock Chart
From Apr 2024 to May 2024
AB Volvo (MM) (NASDAQ:VOLV)
Historical Stock Chart
From May 2023 to May 2024