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Volvo Trucks Awarded USD 21.7 Mln To Deploy Zero-emission Trucks
BRIEF-Volvo Group Q3 Adjusted Operating Income At SEK 7.2 Bln
BRIEF-Volvo Group Q3 Adjusted Operating Income At SEK 7.2 Bln
AB Volvo is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. Its segments include Trucks, Construction Equipment, Buses, Volvo Penta, Group functions & Other, and Financial Services. The Company's brand portfolio consists of Volvo, Volvo Penta, UD, Terex Trucks, Renault Trucks, Prevost, Nova Bus and Mack. In addition to vehicles and machines, its offering includes a range of services, such as insurance, rental services, spare parts, preventive maintenance, service agreements, assistance services and information technology (IT) services. Its product range is divided into Vehicles and Services. The sale of new vehicles, machinery and engines comprise Vehicles, as well as the sale of used vehicles and machines, trailers, superstructures and special vehicles. Its Services include the sale of spare parts.
Auto & Truck Manufacturers
Independent Chairman of the Board
President, Chief Executive Officer, Member of the Group Executive Board, Director
Deputy Chief Executive Officer, Member of the Group Executive Board
Executive Vice President Group Finance, Chief Financial Officer, Member of the Group Executive Board
Executive Vice President Group Trucks Technology, Group Chief Technology Officer, Member of the Group Executive Board
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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.
Daimler and Volvo Trucks have agreed to join forces to develop, produce and sell fuel cell systems for heavy-duty vehicles, in a sign that the coronavirus crisis is accelerating consolidation.
Daimler on Tuesday signed a preliminary non-binding agreement with Volvo to develop, produce and commercialize fuel cell systems for heavy-duty vehicles.
Swedish truck maker Volvo <VOLVb.ST> said on Tuesday it had signed a deal with German rival Daimler <DAIGn.DE> to set up a joint venture to develop and produce fuel cell systems for heavy-duty vehicles.
Volvo Cars will reopen its Torslanda factory and offices in Sweden next week after overhauling its production processes to help prevent coronavirus infections, following a three week shutdown caused by the pandemic, the carmaker said on Friday.
Geely-owned Volvo Cars and auto tech supplier Veoneer will split their jointly owned software venture Zenuity as the Swedish carmaker focuses on developing autonomous driving software, the companies said on Thursday.
Truckmaker AB Volvo <VOLVb.ST> said on Wednesday it had decided to postpone its annual shareholders meeting due to the prevailing uncertainty around the effects from the global coronavirus outbreak.
* SAID ON FRIDAY THAT IN CONNECTION WITH AB VOLVO'S TEMPORARY LAYOFFS, ALL CONSULTANCY AGREEMENTS WILL BE TERMINATED AND THREE ONGOING PROJECTS WILL BE PAUSED UNTIL FURTHER NOTICE
* IMPACT ON FERRONORDIC'S BUSINESS FROM VOLVO GROUP'S DECISION TO SUSPEND OPERATIONS AT SEVERAL PRODUCTION SITES
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