U.S., Sweden invest in Volvo Group
The U.S. and Sweden announced the two countries will provide the Volvo Group $18 million for the development of hybrid driveline technology. The grant, provided by the U.S. Dept. of Energy and the Swedish Energy Agency, is for three years, extending an existing one-year agreement originally signed in June 2007. The climate issue and increasing fuel prices make energy use and energy efficiency some