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Volvo AB (VOLVb.ST)

VOLVb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Volvo to resume trucks production in Kaluga, Russia in Q4-Reuters
Wednesday, 9 Sep 2015 04:37am EDT 

Volvo AB:Says to resume trucks production in Kaluga, Russia during Q4 - spokeswoman-Reuters.Says production in Kaluga to start at ”very low levels” - spokeswoman.Volvo idled the Kaluga plant in February.  Full Article

Volvo AB to recall up to 10,000 cars over airbag glitch - Reuters
Wednesday, 5 Aug 2015 08:00pm EDT 

Volvo AB:Says Volvo Car Group said it would recall between 9,000 and 10,000 of its XC90 model cars globally to fix a potential problem with one of the car's airbags - Reuters.Says the model affected is the new seven-seat 2016 XC90, in which the third row side airbag curtain may not deploy properly due to a panel covering the airbag.Says Volvo Car Group spokesman Stefan Elfstrom said all new cars were now being fixed prior to delivery, and customers who bought the car in question would be notified.  Full Article

UPDATE 1-Chinese firm makes offer for Volvo bus business -newspaper

* Chinese company has made an offer for the bus division of Swedish truckmaker Volvo, Italian daily newspaper Il Sole 24 Ore said on Thursday.