Press releases

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  • Volvo Trucks North America (VTNA) and Volvo Financial Services (VFS) have joined forces to form Volvo on Demand, a collaborative initiative to change and lead the industry in the Truck-as-a-Service (TaaS) business model. Using 25 Class 8 Volvo VNR Electric trucks, Volvo on Demand was designed as an innovative solution to simplify the acquisition and reduce the major upfront investment in battery-electric vehicles. Volvo on Demand provides qualified customers with flexible term options as short as 12 months and includes Volvo Trucks’ industry leading Gold Contract and the option to bundle vehicle insurance for physical damage and collision, route planning and optimization guidance, as well as consultation to find the best charging solution and incentives that might be available. Volvo on Demand is the next way to leverage the established electromobility ecosystem tailored for Volvo VNR Electric trucks in North America.

  • Volvo Financial Services (VFS) today announced a continuation of its partnership with JA (Junior Achievement) Worldwide through 2025, bringing financial literacy skills and knowledge to even more youth around the world. In addition, VFS and JA are expanding their geographic reach with the addition of programs in Romania and Sweden. These new programs will be in addition to efforts already underway in Brazil, France, India, Italy, Peru, South Africa, Spain, the United Kingdom and the United States.

  • GREENSBORO, N.C. (Oct. 30, 2023) – In an effort to help customers more easily adopt battery-electric vehicle (BEV) technology into their fleets, Mack Trucks announced today it now offers from Mack Financial Services ElectriFi Subscription, a usage-based leasing option exclusive to new Mack® MD Electric models.

  • Volvo Financial Services (VFS) recently completed a yearlong collaboration with JA (Junior Achievement) Worldwide, bringing a message of economic empowerment through financial literacy education to more than 14,000 youth in Brazil, France, India, Italy, Peru, South Africa, Spain, the United Kingdom and the United States.

  • Volvo Trucks launched its customer-focused Turnkey Solutions program, a consolidated fleet management process for procuring vendor services, parts, and products for electric vehicle (EV) charging, in addition to outlook planning for incentives, installation, and interfacing with utility companies to streamline solutions for electric vehicle infrastructure development. The Turnkey Solutions electromobility program has two full-service partners — InCharge Energy and Gilbarco Veeder-Root — and is available to all Volvo Trucks North America customers.

  • Being financially literate is not as simple as it sounds, nor is it a basic understanding. Financial literacy is wrapped around everything you do with money: earning, spending and budgeting, saving and investing, credit and debt. This is one of the many reasons why I am passionate about our youth and their ability to have a good relationship with money. It’s exactly why, as the Vice President of People and Culture at Volvo Financial Services (VFS), I volunteer with Junior Achievement of the Triad.

  • Maintaining a harmonious work-life balance is a crucial aspect of overall well-being and sustained success. When individuals are passionate about their work and engage in fulfilling activities outside of work, it fosters a more innovative and creative work environment. One colleague demonstrating both is Kevin Zeigler, director of capital strategies syndication at VFS, who also happens to be a beekeeper. With World Bee Day coming up on May 20, we sat down with Kevin to hear how he appreciates the company's culture of valuing personal time and encouraging employees to pursue hobbies that help them relax and detach from work-related pressures.

  • Volvo Financial Services (VFS) announced today the launch of iLabX 2.0, an evolution of its innovation accelerator program that provides startups the opportunity to develop and implement fintech innovations together with VFS. This upcoming program will focus on creating an exceptional experience for Equipment-as-a-Service (EaaS) customers.

  • CampX by Volvo Group recently expanded its innovation focus areas to include financial technology, or fintech. Thinking beyond today’s offers, fintech is helping transform the financial services industry through partnerships and collaboration with startups. This will accelerate the transition to sustainable transport solutions by finding new ways of working with customers and changing how customers can utilize the Volvo Group’s products and services.

  • ​​​​​​​Leading strategy and innovation for Volvo Financial Services (VFS) requires the identification of emerging and disruptive trends. That means I invest a lot of time understanding what’s happening in fintech, and how it could be used to make our business and our customers’ businesses more competitive.

  • Volvo Construction Equipment (Volvo CE) showcased the present and future of the construction industry at CONEXPO-CON/AGG with machines and services that offer customers solutions to enhance their productivity and uptime while also preparing them for an evolving business environment.

  • Volvo Trucks North America announced today that the Volvo Blue service contract — its adaptive, dealer managed service plan, which is paired with enhanced connectivity and covers all preventative maintenance, is now available to customers across North America. The comprehensive service plan was introduced to ensure customers’ vehicles are operating at peak efficiency and performance, and that all preventative maintenance is scheduled conveniently with a focus on maximizing uptime. The announcement was made this week at ATA's Technology & Maintenance Council's (TMC) 2023 Annual Meeting & Transportation Technology Exhibition in Orlando, Florida.

  • Volvo Trucks North America has delivered seven Volvo VNR Electric trucks to Ryder System, Inc. (NYSE: R) to support local supply chain routes servicing the Volvo Group’s truck assembly operations in Pennsylvania. Ryder, a leader in supply chain, dedicated transportation, and fleet management solutions, replaced the diesel trucks that were previously servicing the route and will operate the dedicated zero-tailpipe emissions Class 8 battery-electric trucks to support the Volvo Group’s sustainability goal of reducing CO2 from its global operations.

  • Volvo CE Launches New All-Inclusive Lease for Electric Equipment

  • Volvo Financial Services (VFS) has launched ‘Volvo Rental,’ a new service providing options for long-term rental for Volvo trucks, buses and construction equipment in the Brazilian market. With terms ranging from 24 to 60 months, plans are designed around each customers’ needs, including kilometers driven, hours worked or subscription, providing increased financial flexibility.

  • Juggling work with a private life and family isn’t always easy. At Volvo Group we believe that good communication and trust, together with supportive employee benefits, provide the basis for a healthy work-life balance. Sarah Townsend, Analyst, Parts & Services Financing, is very happy with the work culture at Volvo Group – a company she’s proud to describe as socially conscious.

  • Volvo Construction Equipment has created an online tool that allows customers to “build and price” their ideal electric compact excavator and wheel loader, marking the company’s latest advancements in both e-commerce and the introduction of electric construction equipment to the market.

  • Volvo Financial Services (VFS) today announced that it is investing in the teaching of financial literacy skills for youth in nine countries through a global partnership with Junior Achievement Worldwide. The partnership will see VFS employee volunteers join with JA educators to equip the next generation with the financial skills and knowledge needed for success and self-sufficiency in the future. Individual programs in the nine countries begin this month.

  • Volvo Trucks North America announced today that is joining forces with Volvo Financial Services, Volvo Technology of America, Shell Recharge Solutions, TEC Equipment, Affinity Truck Center, and Western Truck Center to develop a publicly accessible medium- and heavy-duty electric vehicle (MHD EV) charging network that connects several of California’s largest metropolitan areas. With an award from the California Energy Commission (CEC) of $2 million under BESTFIT, the Electrified Charging Corridor Project will address key barriers to long-range MHD EV deployments and accelerate widespread adoption. The project will get underway in 2022, with all five stations anticipated to be online by the end of 2023.

  • Stories

    2022-06-15

    2022 NextGen

    Read Monitor’s NextGen issue recognizing Mark Musumeci, account resolution manager for Volvo Financial Services, as a NextGen leader in equipment finance.

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