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VOLVO(AB) News
Volvo Car Sales Rose 27% on Year in April
By Dominic Chopping STOCKHOLM--Volvo Car said its new fully electric small sport-utility vehicle and a strong performance in Europe helped drive a sales increase of 27% on year in April. The Swedish
New Number of Votes in AB Volvo
GOTHENBURG, Sweden, April 30, 2024 /PRNewswire/ -- The number of votes in AB Volvo has changed due to the conversion of a total of 100 Series A shares to a total of 100 Series B shares. The conversio
Hertz Loses Another $200 Million From Its EVs
Volvo Cars See Good Demand This Year After Higher Q1 Unit Sales
SWEDISH carmaker Volvo Cars said on Wednesday (Apr 24) it expects good demand for its vehicles this year after a rise in first-quarter unit sales, though operating earnings missed forecasts due to lower revenues and losses at its Polestar business.
Volvo Car Malaysia Celebrates 97th Birthday With Special Deals for Customers
Volvo Car Malaysia will host the Volvo Birthday Sale to celebrate the marque's 97th anniversary this month, offering the grand birthday prize of a trip to Sweden for two worth up to RM50,000.
Geely to Sell $1.32 Billion of Volvo Truck Shares
China’s Zhejiang Geely Holding Group is selling the entirety of its Class B shares in truckmaker Volvo AB that were worth about 14.46 billion Swedish krona ($1.3 billion).
Volvo Defies Downturn With Strong Start to the Year -- Market Talk
1357 GMT - Volvo reported solid 1Q results with a beat on earnings, strong truck profitability and good cash generation, defying the industry downturn, Deutsche Bank analyst Nicolai Kempf writes. Orde
Volvo, CATL Sign Partnership on Battery Recycling and Material Reuse
Volvo Cars signed a memorandum of strategic cooperation with Contemporary Amperex Technology Co Ltd (CATL, SHE: 300750) on April 16 to work together in the area of battery recycling.
Volvo Earnings Show Margin Resilience -- Market Talk
0936 GMT - Volvo has delivered a high-quality quarterly report with no adjustments, strong cash and resilient margins, Jefferies analysts say in a note. Truck revenues are flat despite a 10% decline i
Volvo's Healthy Results Driven by Pricing and Capacity Adjustments -- Market Talk
0759 GMT - Volvo printed a healthy set of results with 1Q adjusted Ebit 5% above consensus, again driven by continued price realization as well as truck capacity adjustments, JPMorgan analysts write.
AB Volvo (Publ) GAAP EPS of SEK6.92, Revenue of SEK131.2B
Volvo Group - the First Quarter 2024
During Q1 2024, demand continued to normalize at good levels across many of the Volvo Group's markets. Adjusted for currency, net sales were on the same level as in Q1 2023 and amounted to SEK 131.2 billion.
Volvo: Invoiced Price Continued to Increase, Mainly on Back of Carry-Over From Price Increases Last Yr
Volvo: Invoiced Price Continued to Increase, Mainly on Back of Carry-Over From Price Increases Last Yr
Volvo Earnings Expected Flat as Market Normalizes -- Earnings Preview
By Dominic Chopping STOCKHOLM--Sweden's Volvo is scheduled to report results for the first quarter on Wednesday. Here is what to know: NET INCOME FORECAST: Analysts polled by FactSet forecast net pr
AB Volvo to Open Heavy-duty Truck Manufacturing Plant in Mexico
AB Volvo (VOLV-A.ST, VOLV-B.ST) will open a new heavy-duty truck manufacturing facility in Mexico by 2026, according to a Thursday release. The new 1.7 million-square-foot plant will produce heavy-dut
Volvo to Build New Truck Plant in Mexico to Boost North America Growth
By David Sachs Volvo Group will build a new heavy-duty truck factory in Mexico to boost its production in North America. The company said Thursday that the plant will support its growth strategy for
Volvo Group to Increase North American Heavy Truck Production Capacity
Volvo Shares Due a Breather After Long-Term Outperformance -- Market Talk
0921 GMT - Volvo shares have been a long-term outperformer and it's now time for a breather, Citi analyst Klas Bergelind says in a note. "Following a decade long view of Volvo's shares being undervalu
Volvo Still Benefiting From Strong Pricing -- Market Talk
1058 GMT - Volvo continues to build on the strong commercial performance in 2023 with strong price realization, JPMorgan analysts write in a note. The bank expects 1Q revenue in the company's main ind
Volvo Sells Record Vehicles in March
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