As renewable sources of energy are looked into, batteries and hydrogen will be what automobiles of the future will operate on FRANKFURT: The world’s largest truck and bus maker is charting an ambitious zero-emission future and says it’s not that far off – despite higher costs and the current lack of support infrastructure. Daimler AG’s […]
Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric
Gothenburg, Sweden Stuttgart, Germany : Daimler Truck AG and the Volvo Group today completed the transaction to form the previously announced fuel-cell joint venture. The Volvo Group has acquired 50 percent of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. KG for approximately SEK 6.3 billion (approximately EUR 0.6 billion) […]
Volvo Group and Daimler Truck AG sign binding agreement for new fuel-cell joint venture
Joint venture for large-scale production of fuel-cells: Volvo Group and Daimler Truck AG sign binding agreement for new fuel-cell joint venture The Volvo Group and Daimler Truck AG have now a signed binding agreement for a joint venture to develop, produce and commercialize fuel-cell systems for use in heavy-duty trucks as the primary focus, as […]