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Volvo AB (VOLVa.ST)

VOLVa.ST on Stockholm Stock Exchange

162.30SEK
23 Apr 2018
Change (% chg)

0.90kr (+0.56%)
Prev Close
161.40kr
Open
161.00kr
Day's High
162.70kr
Day's Low
160.80kr
Volume
78,957
Avg. Vol
316,112
52-wk High
171.20kr
52-wk Low
130.90kr

Latest Key Developments (Source: Significant Developments)

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

AB Volvo revises board proposal after Geely owner Li Shufu buys stake in Daimler
Monday, 26 Feb 2018 02:30am EST 

Feb 26 (Reuters) - AB Volvo ::PRESS INFORMATION FROM AB VOLVO'S ELECTION COMMITTEE. AB VOLVO'S ELECTION COMMITTEE PRESENTS REVISED BOARD PROPOSAL.SAYS ‍ELECTION COMMITTEE NO LONGER PROPOSES RE-ELECTION OF HÅKAN SAMUELSSON​.SAYS ‍REVISED BOARD PROPOSAL DUE TO ANNOUNCEMENT THAT LI SHUFU, VIA GEELY GROUP, HAS BECOME LARGEST SHAREHOLDER IN DAIMLER.VOLVO CAR GROUP, IN WHICH HÅKAN SAMUELSSON IS CEO, IS A SUBSIDIARY OF ZHEIJANG GEELY HOLDING GROUP WHOSE MAIN OWNER IS LI SHUFU​.SAYS ‍ELECTION COMMITTEE'S PROPOSAL IS OTHERWISE UNCHANGED IN RELATION TO PROPOSAL PRESENTED ON FEBRUARY 23, 2018​.  Full Article

Cevian Capital completes divestment of Volvo shares
Friday, 26 Jan 2018 09:55am EST 

Jan 26 (Reuters) - Volvo Ab ::CEVIAN CAPITAL COMPLETES THE DIVESTMENT OF ITS ENTIRE SHAREHOLDING IN AB VOLVO.Nomura and Barclays have committed to sell the AB Volvo shares to Zhejiang Geely Holding Group, following the receipt of necessary regulatory approvals. .The divestment comprises 88.47 million A-shares and 78.77 million B-shares, corresponding to 8.2 per cent of the capital and 15.6 per cent of the votes.  Full Article

Geely has no plans to merge Volvo Cars with AB Volvo - spokesman
Wednesday, 27 Dec 2017 04:19am EST 

Dec 27 (Reuters) - AB Volvo ::GEELY HOLDING SAYS HAS NO PLANS TO MERGE VOLVO CARS WITH AB VOLVO - SPOKESMAN.  Full Article

Volvo appoints construction equipment chief Weissburg as new head of Mack Trucks
Friday, 8 Dec 2017 02:00am EST 

Dec 8 (Reuters) - Volvo AB ::MARTIN WEISSBURG APPOINTED PRESIDENT OF MACK TRUCKS.WEISSBURG, CURRENTLY PRESIDENT OF VOLVO CONSTRUCTION EQUIPMENT, WILL BECOME PRESIDENT OF MACK TRUCKS EFFECTIVE JUNE 1, 2018.MARTIN WEISSBURG WILL SUCCEED DENNIS SLAGLE, WHO HAS LED THE COMPANY SINCE 2008.EFFECTIVE JUNE 1, 2018, DENNIS SLAGLE WILL REMAIN WITH THE VOLVO GROUP AS A SPECIAL PROJECTS LEADER REPORTING TO MARTIN LUNDSTEDT, PRESIDENT AND CEO..  Full Article

Volvo Group drops plans to sell Governmental Sales unit
Tuesday, 17 Oct 2017 12:00pm EDT 

Oct 17 (Reuters) - Volvo Ab :Volvo group discontinues the process to divest governmental sales.Volvo ab says ‍offers we have received for governmental sales do not reflect its value​.  Full Article

Volvo Cars announces acquisition of Luxe, a U.S. based valet and concierge service
Friday, 8 Sep 2017 09:20am EDT 

Sept 8 (Reuters) - :Volvo Cars announces acquisition of Luxe, a U.S. based valet and concierge service; no financial details of transaction were disclosed.  Full Article

Truck maker Volvo sets new targets, aims for operating margin above 10 pct
Thursday, 31 Aug 2017 11:50am EDT 

Aug 31 (Reuters) - AB Volvo :New financial targets for Volvo Group.Says group's operating margin shall exceed 10% measured over a business cycle..Says Financial Services' target remains unchanged with a return on equity of 12-15% at an equity ratio above 8%..Says industrial operations shall under normal conditions have no net financial indebtedness excluding pension liabilities.Says new financial targets are valid from august 31, 2017.Says is currently in a phase where focus is on organic growth and improved profitability through continuous improvement and innovation.Says a clear and straightforward operating margin target supports efforts to drive performance across group.  Full Article

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Truck maker Volvo rides demand boom but supply chain feels strain

STOCKHOLM Truck maker AB Volvo beat first-quarter expectations thanks to strong demand for trucks and construction equipment across most markets but cautioned that its supply chain was coming under pressure.