-EIB to support Volvo Group's research for fuel efficiency and safety in trucks and buses
On Thursday, the European Investment Bank (EIB) and Volvo Treasury AB Sweden, a subsidiary in the Volvo Group, have completed a EUR 600 million loan agreement.
The financing will be used for research, development and innovation (RDI) investments in fuel efficiency and safety related to trucks, buses and construction equipment.
Fuel costs account for about a third of the operational costs of truck operators, putting fuel efficiency high on the agenda in the sector. Volvo Group will us...