Swedish industrial manufacturer The Volvo Group recently announced its participation in a joint environmental program between the US and Swedish governments designed to reduce consumption of fossil fuels by focusing on projects within the areas of energy and vehicle development. Volvo's efforts will involve producing powertrains based on alternative fuels suitable for heavy vehicles.
The research and development agreement, signed by the Swedish and U.S. governments, will involve Volvo in a number of projects such as 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.
Volvo Group subsidiary Mack Trucks is also involved in the efficiency-improvement projects, which will be co-financed by the Volvo Group and the U.S. and Swedish governments.
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