Summary sheet
The project concerns the part-financing of the Volvo Group's annual R&D expenditures in the 2007-2009 period.
The project aims at improving and consolidating the Volvo Group's technological leadership in the truck and bus market segments. The technology development and innovation would allow the promoter to safeguard profitability and to maintain its position as one of the leading developers and producers of fuel efficient, safe and reliable products that comply with EU legislation. Consequently this project will enable the European promoter to reach the necessary standards and also strengthen its competitiveness internationally.
The execution of the RDI programme will have no material environmental impact. All national and EU environmental legislation will be respected.
The promoter is a private company and therefore not bound by EC Directives on procurement.
Research, Development and Innovation.
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