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Volvo AB (VOLVb.ST)

VOLVb.ST on Stockholm Stock Exchange

140.95SEK
14 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Volvo says China constuction equipment demand levelling off towards trend line
Wednesday, 30 Jan 2019 04:15am EST 

Jan 30 (Reuters) - Volvo AB ::TRUCKMAKER VOLVO'S CEO SAYS BACKLOG IN NORTH AMERICA TRUCKS MARKET "VERY HIGH", SAYS DELIBERATELY DECIDED NOT TO OPEN ORDER BOOK THERE FOR 2020 - ANALYST CALL.TRUCKMAKER VOLVO'S CEO SAYS CHINA CONSTRUCTION EQUIPMENT DEMAND IS LEVELLING OFF TOWARDS TREND LINE BUT UNCERTAINTY OF HOW MUCH IT WILL LEVEL OFF - ANALYST CALL.VOLVO'S CEO SAYS "IF YOU CALL OUR DEALERS THEY ARE NOT TAKING ABOUT CANCELLATIONS, BUT ORDERS" WHEN ANALYST ASKS ABOUT RISING NORTH AMERICA TRUCK ORDER CANCELLATIONS.VOLVO'S CEO SAYS "WE STILL SEE A STRONG PRICING SITUATION ON CONSTRUCTION EQUIPMENT" - ANALYST CALL.VOLVO'S CEO SAYS "WE HAVE SEEN SOME SIGNS OF LITTLE BIT WAIT AND SEE FROM BUYING CUSTOMERS IN THE UK MARKET DUE TO BREXIT" - ANALYST CALL.  Full Article

Volvo Group Venture Capital Invests In Wireless Electric Charging
Tuesday, 15 Jan 2019 03:00am EST 

Jan 15 (Reuters) - AB Volvo ::VOLVO GROUP VENTURE CAPITAL INVESTS IN WIRELESS ELECTRIC CHARGING.SAYS VOLVO GROUP VENTURE CAPITAL AB, A SUBSIDIARY OF VOLVO GROUP, TODAY ANNOUNCED AN INVESTMENT IN MOMENTUM DYNAMICS INC.SAYS TRANSACTION HAS NO SIGNIFICANT IMPACT ON VOLVO GROUP'S EARNINGS OR FINANCIAL POSITION.  Full Article

AB Volvo sells majority stake in WirelessCar to Volkswagen for 1.1 bln SEK
Wednesday, 19 Dec 2018 06:00am EST 

Dec 19 (Reuters) - Volvo AB ::VOLVO GROUP DIVESTS MAJORITY STAKE IN WIRELESSCAR.SAYS SIGNED AN AGREEMENT TO DIVEST 75.1% OF SHARES IN ITS WHOLLY-OWNED SUBSIDIARY WIRELESSCAR TO VOLKSWAGEN GROUP.SAYS SALES PRICE AMOUNTS TO SEK 1.1 BILLION.SAYS DIVESTMENT WILL, AT TIME OF CLOSING OF TRANSACTION, RESULT IN A POSITIVE IMPACT ON OPERATING INCOME OF APPROXIMATELY SEK 1.5 BILLION AND A POSITIVE CASH FLOW EFFECT OF SEK 1.1 BILLION.SAYS CLOSING OF TRANSACTION IS EXPECTED DURING FIRST HALF OF 2019.  Full Article

Volvo Cars To Assemble Plug-In Hybrid In India
Thursday, 22 Nov 2018 06:29am EST 

Nov 22 (Reuters) - Volvo Cars India ::TO ASSEMBLE PLUG-IN HYBRID IN INDIA.VOLVO XC90 TO BE FIRST MODEL FROM PORTFOLIO WHOSE PLUG-IN HYBRID VARIANT WILL BE ASSEMBLED LOCALLY AT BENGALURU PLANT BY END 2019.  Full Article

Volvo CEO says top investor Geely supportive of its existing plans
Friday, 19 Oct 2018 06:15am EDT 

Oct 19 (Reuters) - VOLVO CEO::TRUCKMAKER VOLVO'S CEO SAYS NEW BIGGEST SHAREHOLDER GEELY SUPPORTIVE OF VOLVO'S EXISTING PLANS, DECLINES TO SAY IF GEELY REQUESTED ANY COOPERATION WITH PEER DAIMLER.  Full Article

Volvo to introduce all-electric trucks in North America
Thursday, 27 Sep 2018 11:00am EDT 

Sept 27 (Reuters) - Volvo AB ::WILL INTRODUCE ALL-ELECTRIC TRUCK DEMONSTRATORS IN CALIFORNIA NEXT YEAR, AND COMMERCIALIZE THEM IN NORTH AMERICA IN 2020.CALIFORNIA AIR RESOURCES BOARD HAS PRELIMINARILY AWARDED $44.8 MILLION TO SCAQMD FOR VOLVO LIGHTS (LOW IMPACT GREEN HEAVY TRANSPORT SOLUTIONS) PROJECT.  Full Article

Transport International Says Unit To Buy CBU Buses For GBP38.3 Mln From Volvo
Wednesday, 18 Jul 2018 04:36am EDT 

July 18 (Reuters) - Transport International Holdings Ltd <0062.HK>::UNIT ENTERED INTO PURCHASE CONTRACT WITH VOLVO TO BUY 150 UNITS OF 12-METRE VOLVO DOUBLE- DECK CBU BUSES FOR GBP38.3 MILLION.  Full Article

Husqvarna CFO Jan Ytterberg appointed CFO of Volvo Group
Tuesday, 19 Jun 2018 03:00am EDT 

June 19 (Reuters) - Husqvarna AB ::HUSQVARNA GROUP'S CFO TO LEAVE THE GROUP.SAYS JAN YTTERBERG HAS BEEN APPOINTED CFO OF VOLVO GROUP.  Full Article

Volvo Group Complets Sale of Subsidiary Holding Shares in Inner Mongolia North Hauler Joint Stock
Friday, 11 May 2018 03:15am EDT 

May 11 (Reuters) - Volvo AB ::VOLVO GROUP HAS COMPLETED THE SALE OF A CHINESE SUBSIDIARY HOLDING SHARES IN INNER MONGOLIA NORTH HAULER JOINT STOCK.DIVESTMENT RESULTED IN A CAPITAL GAIN OF APPROXIMATELY SEK 0.8 BILLION.DIVESTMENT HAS A POSITIVE IMPACT ON VOLVO GROUP'S CASH FLOW AND NET FINANCIAL POSITION OF APPROXIMATELY SEK 1.0 BILLION.  Full Article

Volvo Cars Said To Pick Goldman, Citi, Morgan Stanley For IPO - Bloomberg
Thursday, 10 May 2018 12:14pm EDT 

May 10 (Reuters) - :VOLVO CARS SAID TO PICK GOLDMAN, CITI, MORGAN STANLEY FOR IPO - BLOOMBERG, CITING SOURCES.CHINA'S ZHEJIANG GEELY AND VOLVO HAVE DISCUSSED VALUING VOLVO IN A RANGE OF $16 BILLION TO $30 BILLION IN A STOCK SALE - BLOOMBERG.  Full Article

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Uber unveils next-generation Volvo self-driving car

WASHINGTON Uber Technologies Inc unveiled its newest Volvo self-driving car in Washington on Wednesday as it works to eventually deploy vehicles without drivers under some limited conditions.