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Volvo AB (VOLVb.ST)

VOLVb.ST on Stockholm Stock Exchange

157.20SEK
15 Dec 2017
Change (% chg)

-0.30kr (-0.19%)
Prev Close
157.50kr
Open
157.60kr
Day's High
158.30kr
Day's Low
156.80kr
Volume
5,776,390
Avg. Vol
4,896,159
52-wk High
171.30kr
52-wk Low
105.60kr

Latest Key Developments (Source: Significant Developments)

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

Volvo CEO sees less supply chain issues in Q3 than in Q2
Wednesday, 19 Jul 2017 03:51am EDT 

July 19 (Reuters) - Volvo in Q2 conference call::CEO says estimate is that Q3 should be better in terms of supply constraints relative to Q2.  Full Article

AB Volvo sells stake in diesel engine maker Deutz
Friday, 7 Jul 2017 01:55am EDT 

July 7 (Reuters) - AB Volvo :The Volvo group has sold its shares in Deutz AG <<>>.Says divestment proceeds amount to SEK 1,897 m, corresponding to SEK 62.73 per share (EUR 6.50).Says sale will result in a capital gain of approximately SEK 350 m that will impact operating income in Q3 of 2017.  Full Article

AB Volvo to place up to its entire 25 pct stake in Deutz -bookrunner
Thursday, 6 Jul 2017 11:51am EDT 

July 6 (Reuters) - Deutz AG : Bookrunner says::Launch of a sale of Deutz AG shares through an accelerated bookbuilding process on behalf of AB Volvo‍​.AB Volvo launching a sale of up to its full stake in Deutz via accelerated bookbuilding to institutional investors.Seller currently holds 30,246,582 shares corresponding to 25.0 percent of the total number of shares in Deutz.Deutz will remain an important supplier to the seller.Price will be determined at the end of the bookbuilding process.Bookbuilding period commences today, July 6, and May close at any time on short notice.Deutsche Bank acts as sole bookrunner in connection with the placing.  Full Article

Volvo CEO says to run normal truck production in N America in Q2
Tuesday, 25 Apr 2017 03:21am EDT 

April 25 (Reuters) - AB Volvo CEO Martin Lundstedt in Q1 news conference::Says has been reluctant to participate in some of the bigger fleet deals in North America for reasons of price discipline.Says will run normal truck production in North America in Q2 after having taken out stop days.  Full Article

TomTom selected by Volvo cars to power Drive Me Programme
Wednesday, 8 Mar 2017 01:30am EST 

TomTom NV : TomTom selected by Volvo cars to power Drive Me Programme .Co's Drive Me Programme is Volvo's research project into autonomous driving.  Full Article

Smart Eye is supplier to Volvo Cars' Drive Me project
Wednesday, 8 Feb 2017 08:30am EST 

Smart Eye AB : Supplier to Volvo Cars' Drive Me project .Is cooperating with NVIDIA to deliver logger camera systems to Volvo Cars Drive Me project.  Full Article

Volvo appoints construction equipment chief Weissburg to head Mack Trucks

STOCKHOLM, Dec 8 Truck and construction equipment maker AB Volvo said on Friday it had appointed Martin Weissburg, currently head of Volvo's construction equipment arm, to lead its Mack Trucks brand.