03/07/2008 04:03. GOTHENBURG, Sweden -- The US Government and the Swedish State intend to extend their cooperation with the Volvo Group concerning development of alternative drivelines. The consequences of the extended cooperation include the US Department of Energy and the Swedish Energy Agency providing a three-year grant to the Volvo Group in a combined amount of USD$18-million for the development hybrid technology and drivelines for alternative fuels. The cost will be split evenly between the two groups.

The cooperation will span three years and is an extension of the one-year research and cooperation agreement signed between the Volvo Group and the Swedish and US governments in June 2007. The cooperation is aimed at reducing heavy vehicles' use of fossil fuels through research and development projects... // Truck News