Princess Yachts is returning to the market for boats under 40 feet with the V39 and diesel engines that are designed to produce world-class acceleration and fuel economy.

Björn Ingemanson, 53, has been appointed new President of Volvo Penta. Björn Ingemanson is currently President of Volvo Trucks’ International Division and will assume his new position on April 1, 2012, when he will succeed the current President Göran Gummeson, who will retire next year.

This winter Volvo Penta will introduce a powerful bi-fuel 16-litre Tier 4 Interim engine targeted for applications in the expanding United States oil and gas exploration markets and in other prime power and mobile applications.