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
0mins
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.
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.
