The press-release indicates a willingness to move into the next phase of transport solutions which has a huge potential and growing market demand. Volvo Group is now making the push to be prepared for the future with the creation of their new business unit.
The transport sector is undergoing a massive transformation and their current segments and customers will now receive applications from a new business unit including autonomous, electric and connected services. Accompanied by the press-release, Volvo Group highlighted new partnerships and ongoing projects. For instance, we got a small taste on how their new trucks operate in the mining industry and how they are testing automated, electrified solutions in a concept lab located in a quarry close to the headquarters in Gothenburg, Sweden.
The PM concludes:
“Volvo Autonomous Solutions will constitute a new business area as of January 1, 2020. Its financial results will be reported as part of the Truck segment. The recruitment process for the position as Head of Volvo Autonomous Solutions has commenced.”
Hence, next year will be the start of a new chapter for Volvo Group in their history of being at the forefront of automation, electromobility, connectivity and safety.
With these next generations systems, we are eager to see how a new type of leadership will emerge in this industry and Volvo Group will now have to prove its competitiveness in this field, compared to its peers. Furthermore, as many of Volvo’s top executives have been recruited from Scania, it is interesting to see that Volvo almost copied the name of Scania’s existing, very similar business unit.