Creating value in every stage of the value chain

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Product development
Product development

Value creation

  • Costs for research and development amounted to SEK 15.1 billion (14.6) for 2013, corresponding to 5.5% (4.9) 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.
  • More than 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 shall 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 alternative fuels, hybrid solutions, fully electric vehicles and Intelligent Transport Systems. This is profitable for the customer, good for the environment and a competitive advantage for the Volvo Group. Safety has been our guiding star since 1927. Our long-term vision is zero accidents with Volvo Group products. Our security program is focused on avoiding accidents and preventing injury to the driver and other parties involved but also on the development of reliable products and increased safety for people and goods.