Volvo Group, Daimler look to technology joint venture in bid to save costs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 17 2025
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Should l Buy ?
Source: Reuters
Joint Venture for Software Development: AB Volvo and Daimler Truck are collaborating to create a software-defined vehicle program called Coretura, aiming to reduce costs and reliance on suppliers by developing an industry-standard platform for truck manufacturing.
Future of Vehicle Technology: The new venture will focus on enhancing the role of software in achieving sustainability, productivity, and safety in vehicles, with initial deliveries of its connectivity platform expected by 2027.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
