CRH, Volvo Group Ink Deal To Accelerate Decarbonization

Volvo To Unveil 600 Km Range Electric Truck In 2025

Swedish commercial vehicle major AB Volvo announced the planned launch of next-generation heavy-duty electric truck with 600 km range. The new long-range version of Volvo FH Electric will be released for sale during the second half of 2025. According to the company, the longer range represents a breakthrough for long-distance transport with zero tailpipe emissions.

RTTNews | 356天前

UAW Members At Mack Trucks Reject Deal, To Go On Strike

About 3,900 members of United Auto Workers or UAW union working with Mack Trucks, owned by Swedish commercial vehicle manufacturer Volvo Group, will be joining the striking autoworkers as they plan to walkout on Monday after rejecting a recently agreed tentative deal. The union announced Sunday that the tentative agreement was voted down by 73% of total UAW members who voted.

RTTNews | 686天前

Mack Trucks, UAW Union Reach Tentative Deal

United Auto Workers or UAW union and Mack Trucks, owned by Swedish commercial vehicle manufacturer Volvo Group, announced that nearly 4,000 union members has reached a tentative agreement, in a last minute move to avoid strike. The new five-year contract covers about 3,900 employees at facilities in Pennsylvania, Maryland and Florida. The agreement must now be ratified by UAW members.

RTTNews | 693天前

Volvo Group Q2 Results Climb, Orders Down; Stock Dips

Shares of Volvo Group were losing around 3 percent in the morning trading in Sweden after the commercial vehicle manufacturer reported Wednesday lower orders in its second quarter amid weakening demand, even as profit and net sales increased from last year. Further, the company raised its forecast for annual industry-wide heavy truck sales in Europe and North America.

RTTNews | 768天前

Bay Street May Open On Weak Note

Canadian shares may open on a weak note Monday morning, tracking lower metal prices and European stocks. However, energy stocks may find support on higher oil prices, and help limit market's downside.

RTTNews | 33分钟前

Dollar Extends Losses Amidst Powell's Dovish Surprise

A markedly dovish tone in Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday weakened the Dollar, resulting in further losses for the currency during the week ended August 22.

RTTNews | 1小时19分钟前

German Ifo Business Confidence Strongest Since 2024

German business sentiment hit the highest level in more than two years in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6. The German economy's recovery remains weak.

RTTNews | 1小时21分钟前

CAC 40 Down Nearly 0.6% In Cautious Trade

French stocks remain in negative territory on Monday, with investors mostly making cautious moves, looking for some more clarity on U.S. - EU trade deal, and awaiting crucial inflation data from the region.

RTTNews | 1小时55分钟前

EURUSD	1.16967	GBPUSD	1.35046	AUDUSD	0.64915
USDJPY	147.45	USDCAD	1.3826	USDCHF	0.80266