turbox
turbox
View My AgentSpace

Print this Page | Digg It | del.icio.us

Tags: 2008, Volvo, DOE, Expand, Drivelines

Tag Links: 2008, Volvo, DOE, Expand, Drivelines

2008 Volvo & DOE Expand Drivelines
The U.S. government and the Swedish State intend to extend their co-operation with the Volvo Group regarding the development of alternative drivelines. The consequences of the extended co-operation include the US Department of Energy, DoE, and the Swedish Energy Agency providing a three-year grant to the Volvo Group in a combined amount of USD 18 M (£ 9.04m) for the development hybrid technology and drivelines for alternative fuels.

The co-operation will last for three years and is an extension of the one-year research and co-operation agreement signed between the Volvo Group and the Swedish and US governments in June 2007. The co-operation is aimed at reducing heavy vehicles’ use of fossil fuels through research and development projects in the areas of energy efficiency, drivelines for alternative fuels and hybrid solutions.

“The climate issue and increasing fuel prices make energy use and energy efficiency some of the most important societal issues of our time. The transportation industry has a special responsibility and this research and development co-operation with the U.S. Government is crucial in our efforts to develop the drivetrains and technology required by both our customers and society as a whole”, says Leif Johansson, CEO of the Volvo Group.

The US government and the Swedish Energy Agency intend to each invest a total of USD 9 M during the three years during the co-operation period. The Volvo Group, for its part, has undertaken to invest an amount corresponding to USD 18 M, which means that the total investment in research and development within the framework of the co-operation agreement amounts to USD 36 M (£ 18.8m)

As a result of the agreement signed last year, the Volvo Group is already involved in a number of projects. For example, the Volvo Group subsidiary Mack Trucks is already participating.

 Read Article
2008 Volvo & DOE Expand Drivelines



Comments:

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters):
[img]IMAGE URL[/img]
Example: [img]http://agent004.myautospies.com/users/150/Sample-Gallery/sample1.JPG[/img]
To post a comment for this story, you must first Login.

If you do not have an account, you will need to Register (It's Free!).

Most Recent Stories
Renntec Mercedes C63 AMGFerrari Enzo Replacement SpiedNew Jaguar XF-R Spy Shots from California DesertSarah Palin Opens A Can Of Alaskan Whoop-Ass On Obama And Democrats-But What Does She Drive?Recall Issued for 2009 Jaguar XFCONFIRMED: Chevrolet Volt to be revealed this monthStudy: Women get ’turned on by engine sounds of MaseratisLamborghini Gallardo LP560-4 gets diamond wheels and pink brakesWill Buyers Be Willing To Settle For A 4 Cylinder BMW, Or It That Just Too Far Of A StretchUpcoming Beetle Design Will Inject More TestostoroneRumor: Ferrari working on a 430 Scuderia Spider2010 Chevrolet Camaro orders start next monthHyundai to show Santa Fe hybrid concept in ParisIs Imitation The Sincerest Form Of Flattery? Honda Releases Their Own Prius Look Alike!2009 Mazda MX-5 FaceliftCitroen reveals new hybrid conceptEarly look at America-bound Ford C-MaxSpies Become MythBusters When It Comes To Your Options If You Think You've Bought A LemonIs BMW The Company Actually Behind The Audi A4 Driving Experience App?NHTSA Sides With Toyota On Unintended Acceleration Issues Claiming 400 Owners Had No CaseChrysler Still Sits In The Basement, Sales Down 34% For AugustHow Low Should It Go? Analysts Predict Oil To Plunge As Low As $80 A Barrel!The Bottom Falls Out Of Audi Sales In August, Down 16% For The MonthHyundai May Be Fuel Economy Leader By Meeting Standards 5 Years Ahead Of DeadlineGM Employee Pricing Program Fails To Limit Sales Losses - Sales Down 20.4% In AugustHyundai Stumbles Down 8.8% For AugustBMW Sales Dip 4.1% In August - Mini Remains Strong Up 34.1%Honda Stumbles 7.1% In August - Acura Makes Progress Down 8.2%2008 Mercedes Brabus Bullit Black ArrowMazda Tightens The Belt With a 4.4% Decrease In August SalesNissan Rebounds With Sales Up 14.2% - Infiniti Up 8.0% For AugustToyota Drops 9.4% In August - Lexus Year End Clearance Event Curbs Losses To 9.1%Volkswagen Rides The TDI To A 2.9% Increase August SalesMercedes Benz Sales Drop 11.8% In August - SMART Sales Remain StrongFOMOCO Stuns No One With A 26.6% Shortfall In August SalesBMW 135i Outpoints Its Competitors to Become Consumer Reports' Top-Rated Sporty CarGerman Car Market Sales Fall 10.4% For AugustInfiniti M35 to get 303-hp V6 VQ35HR engineHot News: Mercedes CLT2009 Lexus IS Facelift Spurts Out On The Net$200 Spy Tool Allows You To Track Your Errant Children Or Spouse's Every MoveConsumer Reports Analysis: Best Money Saving HybridsChrysler working on electric cars and plug-in hybrids$2 million Bugatti Veyron crashed againHonda's Prius rival to be revealed on ThursdayKia Soul to debut at Paris Motor ShowHummer H3T on sale in Middle East this NovemberBMW pure electric 1-series in the worksAudi working on R3 roadster with 4-cylinder engineWho Is Going To Be The First to Fall And How Soon?