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Volvo AB (VOLVa.ST)

VOLVa.ST on Stockholm Stock Exchange

123.60SEK
21 Jan 2019
Change (% chg)

-1.60kr (-1.28%)
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125.20kr
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122.60kr
Volume
92,957
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160,906
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Latest Key Developments (Source: Significant Developments)

Volvo says has not started any recall activity as result of emission issue
Thursday, 3 Jan 2019 01:01pm EST 

Jan 3 (Reuters) - Volvo AB ::TRUCKMAKER VOLVO GROUP HAS NOT STARTED ANY RECALL ACTIVITY IN RELATION TO EMISSIONS ISSUE - SPOKESMAN.VOLVO HAS REPLACED SCR COMPONENT THAT CAUSED EMISSION ISSUE WITH A NEW COMPONENT IN PRODUCTION FOR U.S. MARKET AND WILL SWITCH TO NEW COMPONENT IN OTHER IMPACTED MARKETS IN H1 2019 - SPOKESMAN.VOLVO HAS NOT YET REACHED A FINAL DECISION WITH GOVERNMENT AUTHORITIES ABOUT HOW TO FIX ENGINES AFFECTED BY EMISSION ISSUE - SPOKESMAN.  Full Article

Volvo Group To Make A Provision Of Sek 7 Bln In Q4 2018
Thursday, 3 Jan 2019 12:00pm EST 

Jan 3 (Reuters) - Volvo AB ::VOLVO GROUP MAKES A PROVISION OF SEK 7 BN RELATING TO ESTIMATED COSTS TO ADDRESS DEGRADING EMISSION CONTROL COMPONENT ISSUE.VOLVO GROUP WILL IN Q4 2018 MAKE A PROVISION OF SEK 7 BILLION, RELATING TO ESTIMATED COSTS TO ADDRESS ISSUE.PROVISION WILL IMPACT OPERATING INCOME IN Q4 OF 2018.NEGATIVE CASH FLOW EFFECT WILL START IN 2019 AND GRADUALLY RAMP UP IN COMING YEARS.VOLVO GROUP WILL CONTINUOUSLY ASSESS SIZE OF PROVISION AS MATTER DEVELOPS.  Full Article

Volkswagen targets more than 1 bln in sales at Wirelesscar in 2025
Wednesday, 19 Dec 2018 09:05am EST 

Dec 19 (Reuters) - Volkswagen AG ::VOLKSWAGEN SAYS HAS CALL OPTION FOR REMAINING STAKE IN WIRELESSCAR.VOLKSWAGEN SAYS TARGETS MORE THAN 1 BILLION IN SALES IN 2025 FOR WIRELESSCAR, EXCLUDING CAR SALES VIA THE DIGITAL PLATFORM.  Full Article

Volvo To Deliver 700 City Buses To Bogotá, Colombia
Monday, 5 Nov 2018 04:13am EST 

Nov 5 (Reuters) - Volvo::VOLVO TO DELIVER 700 CITY BUSES TO BOGOTÁ, COLOMBIA.VOLVO SAYS ORDERS FOR 700 BUSES ARE PART OF PUBLIC TENDER IN BOGOTÁ WHEREBY 1,441 BUSES ARE PURCHASED FOR CITY'S BRT SYSTEM, TRANSMILENIO.  Full Article

Volvo CEO says current truck production not affected by emissions issue
Friday, 19 Oct 2018 04:18am EDT 

Oct 19 (Reuters) - Volvo AB ::VOLVO CEO SAYS CURRENT PRODUCTION NOT AFFECTED BY EMISSIONS ISSUE AS ALL VEHICLES LIMIT-COMPLIANT ON DELIVERY,.TRUCKMAKER VOLVO'S CEO SAYS EXPECTS GOOD TRUCK DEMAND ACTIVITY LEVELS FROM CONVERSATION WITH CUSTOMERS, PARTLY DUE TO STRUCTURAL TRENDS LIKE GROWTH IN E-COMMERCE.TRUCKMAKER VOLVO'S CEO SAYS IRAN AND TURKEY "TURMOIL" HITTING ASIA TRUCK ORDERS.TRUCKMAKER VOLVO'S CFO SAYS MANAGED TO OFFSET TARIFF-RELATED COST RISES IN STEEL AND ALUMNI MUM AND EXPECTS TO CONTINUE TO DO SO.TRUCKMAKER VOLVO'S CEO SAYS EMISSIONS ISSUE IS AN ISOLATED PROBLEM, CO HAS SOLUTIONS TO PUT IN PLACE SO IT'S A ONE-OFF RATHER THAN A GOING CONCERN.TRUCKMAKER VOLVO'S CEO SAYS ALREADY COMPANY HAS CHANGED SOME CATALYTIC REDUCTION SYSTEMS WHERE EMISSIONS HAD EXCEEDED LIMITS.  Full Article

AB Volvo says no plans at present to recall vehicles due to emissions control issue
Tuesday, 16 Oct 2018 02:01am EDT 

Oct 16 (Reuters) - Volvo AB ::SWEDISH TRUCKMAKER AB VOLVO SAYS NO PLANS AT PRESENT TO RECALL ANY TRUCKS AND BUSSES AFTER FINDING ISSUE WITH EMISSIONS CONTROL COMPONENT IN SOME ENGINES - SPOKESMAN.  Full Article

Volvo's CEO Seeing Materials Costs Rising Due To U.S. Tariffs
Thursday, 19 Jul 2018 02:22am EDT 

July 19 (Reuters) - TRUCKMAKER VOLVO AB ::CEO SAYS SEEN A GRADUAL STABILISATION IN SUPPLY CHAIN IN EUROPE.CEO SAYS SUPPLY CHAIN IN UNITED STATES REMAINS STRETCHED, SHORTAGE OF LABOUR FELT.CEO SAYS BETTER TENDERING ACTIVITY STARTING TO COME THROUGH FOR ELECTRIC BUSES.CFO SAYS COMPANY HAS BUILT UP SOME INVENTORY BUFFERS TO PARTLY OFFSET SUPPLY CHAIN BOTTLENECKS.CEO SAYS SOME COST INCREASES AND PRICES OF RAW MATERIALS RISING PARTIALLY DUE TO U.S. TARIFFS.CEO SAYS LOOKING TO PASS ON PRICE INCREASES DUE TO TARIFFS TO DELIVERY PART OF SUPPLY CHAIN, GOOD MARKET POSITION WILL ALLOW CO TO DO SO.  Full Article

Thales And Renault Trucks Defense Sign MoU For Exports Markets
Tuesday, 27 Mar 2018 10:59am EDT 

March 27 (Reuters) - THALES ::RENAULT TRUCKS DEFENSE AND THALES SIGN A MEMORANDUM OF UNDERSTANDING IN HAGUE FOR EXPORTS MARKETS.  Full Article

AB Volvo to divest Chinese subsidiary
Monday, 26 Mar 2018 09:47am EDT 

March 26 (Reuters) - Volvo Ab ::VOLVO GROUP HAS ENTERED INTO AN AGREEMENT TO DIVEST A CHINESE SUBSIDIARY HOLDING SHARES IN INNER MONGOLIA NORTH HAULER JOINT STOCK.SAYS ‍ENTERED INTO AN AGREEMENT TO DIVEST A CHINESE SUBSIDIARY, WHICH IS HOLDING 25.2% OF SHARES IN CHINESE COMPANY INNER MONGOLIA NORTH HAULER JOINT STOCK CO., LTD (NHL)​.SAYS ‍DIVESTMENT FOR APPROXIMATELY SEK 0.9 BILLION​.SAYS ‍DIVESTMENT IS EXPECTED TO GENERATE A CAPITAL GAIN OF APPROXIMATELY SEK 0.7 BILLION, WHICH WILL AFFECT VOLVO GROUP'S OPERATING INCOME WHEN TRANSACTION IS CLOSED​.SAYS ‍CLOSING OF TRANSACTION IS EXPECTED WITHIN SIX MONTHS​.SAYS ‍DIVESTMENT WILL IMPACT GROUP'S CASH FLOW AND NET FINANCIAL POSITION POSITIVELY WITH AN AMOUNT OF APPROXIMATELY SEK 0.9 BILLION AT CLOSING​.SAYS ‍TRANSACTION IS SUBJECT TO REGULATORY APPROVALS AND COULD BE TERMINATED BY EITHER PARTY IF REGULATORY PROCEDURES OR CHANGES IN REGULATORY RULES OR LAWS PRECLUDE PARTIES FROM COMPLETING TRANSACTION​.  Full Article

Volvo Says Volvo XC 90 Was Vehicle Involved In Uber Crash
Monday, 19 Mar 2018 02:38pm EDT 

March 19 (Reuters) - Volvo::VOLVO CONFIRMS A VOLVO XC 90 WAS CAR INVOLVED IN UBER CRASH.VOLVO, ON UBER CRASH, SAYS “THIS WAS NOT VOLVO’S SELF-DRIVING TECHNOLOGY”.  Full Article

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Truckmaker Volvo to take $778 million emissions hit

Sweden's Volvo is setting aside 7 billion Swedish crowns ($778 million) to cover costs related to its admission in October that its truck and bus engines could be exceeding limits for nitrogen oxide emissions.