Volvo Participates in Joint Environmental Program with US and Swedish Governments.STOCKHOLM, Sweden -- The Volvo Group will be participating as a cooperation partner in a joint environmental program between the US and Swedish Governments This is a list of Swedish governments and rulers, from the end of the Kalmar Union until the breakthrough of parliamentarism.
fossil fuel Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas. by focusing on projects within the areas of energy and vehicle development. For Volvo, it would involve producing powertrains based on alternative fuels suitable for heavy vehicles. The cooperation is a result of a research and development agreement signed in June 2006 by the Swedish and US Governments. The Volvo Group will be a cooperation partner in a number of projects conducted under this agreement. The projects include the development of hybrid technology for heavy vehicles and analyses of how various biofuels impact on diesel engines, with the aim of further improving fuel economy and reducing emissions of greenhouse gases greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas . "We believe that being involved in this unique cooperation project will be extremely stimulating," says Jan-Eric Sundgren, member of Volvo Group Executive Committee, responsible for Public & Environmental Affairs. "This means that we can implement a number of projects within the environmental area that would otherwise have not been possible. We hope that our participation will lead to more cooperation aimed at sustainable development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union ." Among others, Volvo Group subsidiary Mack Trucks Mack Trucks is one of the world's leading truck-manufacturing companies. It is now a subsidiary of AB Volvo, Volvo Group. The company's headquarters are in Allentown, Pennsylvania, in the Lehigh Valley region of the state. is involved in the projects, which will be co-financed by the Volvo Group and the Governments of Sweden and the US. 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 93,000 people, has production facilities in 18 countries and sells their products in more than 180 markets. Annual sales of the Volvo Group amount to about 27 billion euro. The Volvo Group is a publicly-held company headquartered in Goteborg, Sweden. Volvo shares are listed on the Stockholm stock exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. and on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on in the US. This information was brought to you by Cision http://newsroom.cision.com |
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