Volvo AB Series A

BlackBerry Limited reported fiscal second-quarter results in which its QNX unit posted record revenue of $80.3 million, up 27% year-over-year, with gross margin of 87% and adjusted EBITDA of $29 million, up 41% at a 36% margin. The quarter's largest data point was Coretura, the Volvo Group and Daimler Truck joint venture, selecting BlackBerry's Alloy Kore platform for its next-generation commercial vehicles, the largest QNX contract in company history, expected to add more than $100 million to the royalty backlog. Management raised its full-year QNX revenue outlook for the second consecutive quarter to $315 million to $325 million, and BlackBerry posted its sixth straight quarter of positive GAAP net income, ending with $447.1 million in cash. By contrast, the Secure Communications segment grew just 2% year-over-year to $60.9 million, a sharp deceleration from the first quarter's 24% growth to $73.6 million, and its adjusted EBITDA margin fell to 13% from 27% a year earlier. Management preemptively cut full-year Secure Communications guidance to $260 million to $270 million, citing rising Canada-US trade tension risk given the segment's large U.S. federal footprint, while acknowledging no material impact or pipeline slowdown outside North America has yet been seen. Canaccord lowered its price target to $9.50 from $10.30 while keeping a Hold rating, and the in-line third-quarter revenue guide of $143 million to $154 million, rather than the QNX beat, drove the stock's roughly 3% slide.

A newly formed freight coalition, ZET SCALE, has chosen Tesla to lead a 2,500-truck purchase of electric Class 8 vehicles, an order that if fully delivered would roughly double the number of battery-electric heavy trucks now running in the United States. Tesla is the lead supplier but shares the supplier list with PACCAR's Kenworth, RIDE and Volvo Group's Volvo, so the Semi will make up only part of the 2,500 units, though its share would likely still set a record and exceed earlier orders such as Einride's 500 trucks in August and WattEV's 370 in May. Deliveries are planned over several years and will serve 10 regional hubs, including Los Angeles, Houston, Chicago, Atlanta and the New York-Newark area. Tesla's new Semi factory in Nevada opens formally today beside the 4680 battery cell lines at Gigafactory Nevada, a 1.7-million-square-foot facility built to produce up to 50,000 trucks a year. The order is a genuine win, but execution risks remain high: Tesla has a record of missed production timelines, battery availability is a constraint, and BYD unveiled the ETT 44, a 44-tonne electric tractor with up to 1,000 horsepower and roughly 372 miles of range, at Europe's IAA Transportation show, where Tesla plans to bring the Semi late next year in standard-range form only.

For the first time in Europe, Germany is bringing together the full ecosystem needed to scale hydrogen truck deployment by 2030, as Volvo Group, Daimler Truck, Toyota Motor Corporation, Bosch, Air Liquide, TotalEnergies, TEAL Mobility, and MB Energy join forces with German policymakers to commercialize hydrogen-powered mobility. The collaboration will deploy hydrogen refueling stations along key strategic corridors in Europe, synchronized with hydrogen-powered truck fleets and a competitive hydrogen price, enabling customers to achieve a competitive total cost of ownership. Full details will be unveiled at a CEO-led press event during IAA Transportation in Hanover on September 15.

Toyota Motor has signed a binding agreement to become an equal shareholder in cellcentric, a developer and manufacturer of hydrogen fuel cell systems for heavy-duty commercial vehicles. The agreement places Toyota alongside Daimler Truck and Volvo Group as equal partners in the venture. The move brings Toyota into closer collaboration with the two truck makers in heavy-duty fuel cell systems and adds another piece to the company's hydrogen and commercial transport strategy.

The global hybrid concrete pump market is projected to grow from $1.39 billion in 2025 to $2.21 billion by 2030, at a compound annual growth rate of 9.7%. The market is expected to reach $1.53 billion in 2026, driven by demand for diesel-only concrete pump trucks, urban infrastructure development, and rising awareness of equipment efficiency. Growth through 2030 will be fueled by adoption of hybrid powertrains, demand for sustainable construction machinery, large-scale infrastructure investments, and regulatory pressure for energy-efficient equipment. Key trends include advancements in hybrid powertrain systems, telematics for fleet monitoring, automated pumping systems, and digital platforms for sales and service. The Asia-Pacific region leads in market size and is expected to maintain rapid growth, with major players including Volvo Group, Liebherr-International, XCMG Construction Machinery, Sany Heavy Industry, and Putzmeister.

Westport Fuel Systems announced that its joint venture with Volvo Group, Cespira, has signed a development agreement with Volvo to complete integration and commercialization of Cespira's High Pressure Direct Injection fuel system technology for Volvo's 13-litre hydrogen-powered engine platform. Volvo Trucks is already conducting on-road testing, with a European-certified commercial launch targeted before 2030. The HPDI system enables direct injection of hydrogen at high pressures into internal combustion engines, providing diesel-like performance while using a zero-carbon fuel source. Westport also reported first-quarter revenue of $2.29 million, exceeding analyst expectations of $2.2 million, and noted a 33% year-over-year revenue increase in the Cespira joint venture driven by additional volumes supplied to a second original equipment manufacturer for truck trials.

Accenture has entered a multi-year engineering partnership with Coretura, the Daimler Truck and Volvo Group joint venture, to build a unified software platform for commercial vehicles including trucks and buses across multiple brands. The deal extends Accenture's role beyond consulting and IT services into core automotive software engineering and platform development. The collaboration places Accenture inside commercial vehicle software programs designed for very long product lifecycles, with potential for recurring platform and services work. The move highlights a push into software-defined vehicles and AI-backed engineering support without relying on short-term demand cycles.