Creating value for many stakeholders

Product development

Value creation

  • Costs for research and development amounted to SEK 14.8 billion (13.3) for 2012, corresponding to 4.9% (4.4) of net sales.
  • Product development is controlled by the needs of customers, legislation, changes in society and new technology.
  • Safety and environmental issues are integrated in product development.
  • Approximately 90% of the environmental impact from a truck occurs during use. Consequently, product development focuses on sustainable transport solutions.

Sustainability perspective
We work to reduce the environmental impact of our products and on developing energy efficient solutions for our customers. Each new product must have less environmental impact than the product it replaces. The Group works continuously to improve the performance of products and our long-term research and development focuses on sustainable transport solutions, with a focus on transport efficiency, lower fuel consumption and thus lower emissions, as well as on hybrid solutions and alternative fuels. This is profitable for the customer, good for the environment and a competitive advantage for the Volvo Group.