Proterra Inc. and Proterra Operating Company Inc. are in a voluntary Chapter 11 bankruptcy process in the US. Volvo Group has been selected as the winning bidder in an auction for the business and assets of the Proterra Powered business unit at a purchase price of USD 210M.
That means Volvo expend their business in American bus market. Volvo truck and Mack truck in America is Semi and work truck business mostly.
They didn’t buy the Transit division, so that seems unlikely. Just the Powered division. Volvo actually stepped out of the bus market recently, they won’t be making their own buses anymore, but would still act as an OEM.