New hybrid technology for Volvo heavy vehicles unveiled.

[b]STOCKHOLM, Sweden[/b] - Sweden's AB Volvo (VOLVY), one of the world's largest truck makers, on Friday unveiled a new hybrid engine technology that it said will cut fuel consumption in heavy vehicles by up to 35 percent. The hybrid vehicles are expected to be launched in 2009, and will feature a diesel engine supported by electric batteries charged by energy released from the brakes, Volvo said. The electric engine will reduce both fuel emissions and noise levels, making the vehicles more suitable for city traffic, the company which also makes buses said at a news conference in Stockholm.