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Volvo AB (VOLVa.ST)

VOLVa.ST on Stockholm Stock Exchange

150.00SEK
12:00pm EDT
Change (% chg)

1.10kr (+0.74%)
Prev Close
148.90kr
Open
148.70kr
Day's High
150.40kr
Day's Low
148.60kr
Volume
67,361
Avg. Vol
145,013
52-wk High
171.20kr
52-wk Low
131.90kr

Latest Key Developments (Source: Significant Developments)

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

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

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Exclusive: Volvo shifts production to avoid tariffs, chases record sales

PARIS/STOCKHOLM Volvo Cars is juggling production of its top-selling SUV to avoid U.S. import tariffs, Chief Executive Hakan Samuelsson told Reuters on Thursday, as the Swedish carmaker set its sights on a fifth straight year of record sales. | Video