Volvo Buses started commercial manufacture of hybrid buses in 2010. Since then the company has sold more than 650 hybrids to customers in 18 countries. This makes Volvo the leading supplier of hybrid buses in Europe. Their total mileage thus far corresponds to about 200 laps of the planet.
In the first quarter, Volvo Buses' operating income declined to SEK 62 M (303). Operating income was negatively affected by pricing pressure in Europe as well as low capacity utilization in the manufacturing system in Europe and Brazil. Net sales increased by 10% and were driven by significantly higher deliveries in Brazil in connection to the new, stricter emission regulation.
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