News and press releases
| Volvo Buses, with subsidiary Sunwin Bus, signed a framework agreement for 1,500 buses with bus operator Bashi Group in Shanghai, China. The agreement is valued at approximately SEK 1.3 billion and the buses will be delivered up to the opening of the World Expo in Shanghai in May next year. |
| Volvo Buses’ subsidiary in North America, Nova Bus, has secured an order for 90 articulated buses for New York City. The buses will be assembled at the new plant in Plattsburgh, US, which was opened on Monday. |
| Volvo Buses has received an order for 100 buses from Kowloon Motor Bus Company Ltd (KMB) in Hong Kong. The order involves 60 double-decker and 40 single-decker 12-meter buses. |
| When Volvo’s new hybrid bus now for the first time begins to carry passengers, it is happening in Göteborg. The Göteborgs Spårvägar transit company is participating in a field test with the hybrid bus that provides major fuel savings as a result of electric drive and shutting off the diesel engine at bus stops. |
| The recession and the financial crisis are now also beginning to increasingly affect the bus industry. Although Volvo Buses reports an increase in sales during the first quarter, the number of delivered buses was lower. |
| Volvo Buses has received order for 260 buses in India. Among these the city of Bangalore purchased an additional 140 Volvo 8400 city buses. |
| Volvo Buses has received the Automotive Technology of the Year award in India for the Volvo 9400 6x2 coach model. The first three-axle coach in India, it contributes to transport economy and higher passenger comfort. |
| Volvo Buses’ subsidiary Nova Bus has received an order for 410 city buses to Montreal in Canada. The order is valued at SEK 1.3 billion and deliveries will be made over three years beginning in 2009. |
| Volvo Buses recorded a profit of SEK 72 M for the fourth quarter of 2008, which is somewhat lower than the year-earlier period. The bus industry has been affected by the recession, but to a considerably lower degree than the rest of the automotive industry. |
| Volvo Buses has received orders for 424 buses to customers in Norway and Sweden. In Norway, three operators that won two large tenders chose for the most part to purchase Volvo buses. |
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