
Volvo Penta Debuts Electric IPS Propulsion
The fully electric system complements the hybrid-electric propulsion technology the company launched last year.
The fully electric system complements the hybrid-electric propulsion technology the company launched last year.
Volvo Penta, the company’s marine segment, performed well on lower volumes with net sales decreasing by 3%.
Net sales decreased 2% in in the quarter to $446.3 million, and operating margin improved to 17.7% from 15.9%.
The company expects to begin limited-scale production of the D13 IPS hybrid-electric package next year.
The group overall had net sales of $13.13 billion, on par with last year, but Volvo Penta continued to experience declines.
The company will offer rebuilt D13, D8, D4 and D6 engines, plus complete propulsion packages from remanufactured IPS drivelines.
The Certified Uptime Dealer program recognizes dealers that adopt a standardized process to provide rapid resolution for equipment repairs.
For Volvo Penta, demand for engines declined, and net order intake decreased 33%, with deliveries down 18%.
Net sales were up 10% for the group and up 2% for Volvo Penta, which includes the marine segment.
Anna Müller is also a member of Volvo Group management. She replaces Heléne Meliquist, who is leaving to join an investment company.
The fully electric system complements the hybrid-electric propulsion technology the company launched last year.
Volvo Penta, the company’s marine segment, performed well on lower volumes with net sales decreasing by 3%.
Net sales decreased 2% in in the quarter to $446.3 million, and operating margin improved to 17.7% from 15.9%.
The company expects to begin limited-scale production of the D13 IPS hybrid-electric package next year.
The group overall had net sales of $13.13 billion, on par with last year, but Volvo Penta continued to experience declines.
The company will offer rebuilt D13, D8, D4 and D6 engines, plus complete propulsion packages from remanufactured IPS drivelines.
The Certified Uptime Dealer program recognizes dealers that adopt a standardized process to provide rapid resolution for equipment repairs.
For Volvo Penta, demand for engines declined, and net order intake decreased 33%, with deliveries down 18%.
Net sales were up 10% for the group and up 2% for Volvo Penta, which includes the marine segment.
Anna Müller is also a member of Volvo Group management. She replaces Heléne Meliquist, who is leaving to join an investment company.
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