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Volvo AB (VOLVb.ST)

VOLVb.ST on Stockholm Stock Exchange

133.80SEK
12:00pm EDT
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-0.05kr (-0.04%)
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133.85kr
Open
136.10kr
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137.70kr
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133.35kr
Volume
11,622,226
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4,774,925
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171.30kr
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128.50kr

Latest Key Developments (Source: Significant Developments)

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

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

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Demand outlook, emissions worries put brakes on truckmaker Volvo

STOCKHOLM Swedish truckmaker Volvo forecast slower demand for trucks in Europe and China next year, fuelling investor concerns these major markets may have peaked and sending its shares into reverse. | Video