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Engineers at Volvo Construction Equipment are developing Intelligent Transport Systems (ITS) which could reduce fuel consumption by up to 30% in certain applications and increase safety.
Sharply lower global demand, especially in the mining sector, weighs on first quarter 2013 results at Volvo CE. But with improved profitability over the previous quarter and inventories now in balance, the company has increased production to meet the spring selling season.
At the inaguration of the company’s $100 million investment facility in Shippensburg, Penn., President of Volvo Construction Equipment, Pat Olney outlined his belief that the market will remain flat in 2013 with a +5 /-5% market development expected during the year in North America.