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Volvo AB (VOLVa.ST)

VOLVa.ST on Stockholm Stock Exchange

117.60SEK
24 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Volvo AB says to recall 18,600 trucks in North America - Reuters News
Wednesday, 16 Mar 2016 07:13am EDT 

Volvo AB:Ruck maker Volvo VOLVb.ST is recalling around 18,600 trucks in North America, Volvo spokesman says - RTRS.Says trucks being recalled to replace certain components related to steering.Recalled trucks produced in North America, delivered to customers in the U.S., Canada and Mexico.  Full Article

Volvo finalises IT business sale, capital gain of SEK 900 mln
Tuesday, 16 Feb 2016 02:30am EST 

Volvo AB:Has signed final agreement for sale of it operation.Says transaction is expected to be implemented on March 31, 2016, following fulfillment of certain conditions and will entail both sustained cost savings and a capital gain corresponding to 900 million Swedish crowns.Says capital gain will have positive impact, in corresponding amount, on Volvo Group's operating income and financial net debt in Q1.Volvo announced in Oct. 2015 the plan to sell its external IT operation and outsource the operation of its IT infrastructure to HCL Technologies.  Full Article

Volvo proposes SEK 3 per share as dividend for 2015
Friday, 5 Feb 2016 12:20am EST 

Volvo AB:Proposes unchanged dividend of 3.00 Swedish crowns per share for 2015.  Full Article

Volvo says moves to brand-based organisation
Wednesday, 27 Jan 2016 02:30am EST 

Volvo AB:Says ‍is introducing a brand-based organization with clearer commercial accountability for group's various truck brand​.Changes to Volvo's group executive board and truck organization with clearer commercial accountability.Says ‍four separate units will be created: Volvo Trucks, UD Trucks, Renault Trucks and Mack Trucks, each with profit and loss responsibility for their respective business.Says organizational changes will not have any planned effect on the number of employees in the Group​.  Full Article

Volvo Cars and Ericsson developing intelligent media streaming for self-driving cars
Monday, 4 Jan 2016 06:24am EST 

Volvo AB:Volvo Cars and Ericsson developing intelligent media streaming for self-driving cars.  Full Article

Volvo AB trucks will lay off 734 production workers at its plant in southwest Virginia due to a slowdown in demand -AP - Reuters
Tuesday, 1 Dec 2015 05:31pm EST 

Volvo AB:Volvo Trucks will lay off 734 production workers at its plant in southwest Virginia due to a slowdown in demand, the company disclosed Tuesday - AP.Layoffs at the New River Valley Assembly Plant in Dublin will take place over three weeks starting in early February, company spokesman John Mies said -AP.  Full Article

Volvo AB says to reduce North America truck production
Thursday, 19 Nov 2015 02:30am EST 

Volvo AB:Production in North America will be adjusted as a consequence of lower demand and high inventories in distribution channel.  Full Article

Volvo AB wins arbitration case concerning defective components
Tuesday, 10 Nov 2015 06:30am EST 

Volvo AB:Wins arbitration case concerning defective components.Says current assessment is that outcome will have a positive impact of about 800 million Swedish crowns on Volvo Group's operating profit in Q4.The deliveries were made several years ago and the problem was corrected in the production process many years ago.  Full Article

Volvo intends to divest external IT business and outsource IT infrastructure operations to HCL Technologies Ltd
Tuesday, 20 Oct 2015 03:10am EDT 

HCL Technologies Ltd:Enters into Letter of Intent with Volvo Group for undertaking an outsourcing engagement for its IT infrastructure and operations services.Says total contract value which is for five years is not disclosed.Says that in addition, HCL would be acquiring from the Volvo Group, its external IT business relating to provision of IT infrastructure, mainframe services and application operation services for an all cash consideration of SEK 1.1 billion ($138 million).  Full Article

Volvo AB recalls around 4,000 trucks in North America - NHTSA - Reuters
Tuesday, 15 Sep 2015 08:00pm EDT 

Volvo AB:Truck maker Volvo is recalling just over 4,000 trucks in North America, according to a notice on the website of the National Highway Traffic Safety Administration - Reuters.2,854 trucks are being recalled due to possible problems with the hand brake handle, while potential drag link problems are behind a recall of a further 1,319 trucks, according to NHTSA - Reuters.  Full Article

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