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Volvo Group CEO Martin Lundstedt said the commercial vehicle industry has entered a time of transition with the rise of electric-powered trucks, automated driving technology and connected vehicles.
But even as those trends begin to take hold, the diesel engine and other well-established technologies still have a long road ahead of them, and drivers will remain essential to the trucking industry, he added.
Lundstedt made the remarks at the Heavy Duty Manufacturers Association’s luncheon and briefing on Oct. 29, held in conjunction with the 2019 North American Commercial Vehicle Show.
Volvo Group is the parent of Volvo Trucks and Mack Trucks.
Despite Volvo Group’s investment in emerging technologies, Lundstedt said a large proportion of the company’s research and development will focus on further refining commercial vehicle systems that are common today.