Volvo says U.S., Sweden to help fund new hybrids

Newswire

STOCKHOLM, June 28 (Reuters) - World number two truck maker Volvo said on Thursday it was joining a cooperation programme to cut fossil fuel consumption partly funded by the U.S. and Swedish governments. The projects, involving among others Volvo's U.S. subsidiary Mack Trucks, included development of hybrid technology for heavy vehicles and analyses of biofuels in diesel engines. "For Volvo, it would involve producing powertrains based on alternative fuels suitable for heavy vehicles," ...

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