Volvo AB

Swedish truckmaker AB Volvo reported fourth-quarter core earnings well above analysts' expectations on Wednesday, raised its forecasts for some of its main markets and rolled out a hefty shareholder payout amid a broad recovery in demand.

Swedish auto manufacturer Volvo is discontinuing its sale of Class 8 heavy-duty semi trucks in Mexico, local unit Volvo Trucks Mexico said in a statement on Monday, citing fallout from the coronavirus pandemic and changes in the transport industry.

Talks on a merger or alliance between Sweden's Volvo Cars and China's Geely are likely to resume next year, Volvo Chief Executive Hakan Samuelsson said on Wednesday.

Swedish car dealership chain Bilia has received notice of termination for its dealer agreements with Volvo Cars in Sweden and Norway, it said late on Monday.

Daimler AG <DAIGn.DE> and Geely Holding on Friday said China could emerge as a manufacturing and export hub for hybrid powertrains jointly developed for Volvo and Mercedes-Benz cars.

Volvo Trucks, Sweden's AB Volvo's main truck brand, will sell a complete range of electric, heavy-duty trucks in Europe starting in 2021, the company said in a statement on Thursday.

Truckmaker AB Volvo <VOLVb.ST> and Japan's Isuzu Motors <7202.T> have inked a binding agreement for their previously announced strategic alliance, which includes Isuzu buying Volvo's UD Trucks for around 20 billion Swedish crowns ($2.29 billion).

Swedish truckmaker AB Volvo <VOLVb.ST> on Friday reported third-quarter core earnings well above forecasts and a big order intake jump as its recovery from a deep COVID-19-induced slump continued to gain pace.

Truckmaker AB Volvo <VOLVb.ST> is ending all its short-time working schemes in Sweden effective immediately, Swedish public service television SVT reported on Friday.

Volvo Cars, owned by China's Geely Holding, said on Thursday it had established a new framework to help it fund its electrification strategy and climate plan.

Chinese carmaker Geely plans to use a platform developed with input from Volvo to build new models in Malaysia for its partly owned Proton brand, a strategy that shows how it aims to accelerate its push to become China's first global auto giant.

Volvo Cars said it expects its business to recover in the second half of the year after reporting on Tuesday an operating loss for the first six months as coronavirus lockdowns strained supply chains and forced plant closures.

Swedish truckmaker AB Volvo <VOLVb.ST> posted better-than-expected second quarter core profit as production shutdowns caused by the coronavirus were lifted, but it cautioned that the pandemic would weigh on demand for the foreseeable future.

Volvo Cars said on Wednesday it was recalling nearly 2.2 million cars built between 2006 and 2019 to address a potential issue with cables attached to their front seat belts in the automaker's biggest ever recall.

Truck- and construction equipment maker AB Volvo <VOLVb.ST> plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, it said in a statement on Tuesday, citing the effects of the COVID-19 pandemic.

Truck- and construction equipment maker AB Volvo plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, it said in a statement on Tuesday, citing the effects of the COVID-19 pandemic.

Swedish truck maker Volvo <VOLVb.ST> will withdraw its proposed dividend for 2019, it said on Tuesday, joining a slew of firms opting not to make payments to shareholders because of the coronavirus crisis.

Sweden's AB Volvo <VOLVb.ST> on Thursday warned of stalling truck orders and a challenging adjustment to a "new normal" of feebler demand after reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales.

Swedish truck maker AB Volvo reported a smaller-than-expected fall in first-quarter operating earnings on Thursday but warned its net order intake of trucks had been negative since the end of March as customers cancelled planned purchases due to the pandemic.