After implementing comprehensive product renewal in recent years, the Volvo Group decided to maintain relatively high investments in research and development during 2009 and 2010. This was done to secure a competitive range of products and services in both the short and the long term.
The pace of product renewal has been high, for example in conjunction with the implementation of new emissions regulations in Europe, North America and Japan. The Group also started serial production of hybrid buses and launched a large number of new construction machines, including excavators under the brand name SDLG in China.
The Volvo Group has also developed its own captive Group-wide engine platform for medium-duty diesel engines. The first models of the new medium-duty engines started to be launched in 2010.
The Group has its most competitive product range ever, but the customer offering will be further strengthened in the next few years by focusing intensely on the development of future generations of products and services that create value for customers.