Volvo AB

Earnings data Q1 2021

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Volvo AB engages in the design, manufacture, and market of commercial vehicles. It operates through the following segments: Trucks, Construction Equipment, Buses, Volvo Penta, and Financial Services. The Trucks segment includes the production, development, and logistics for powertrain and parts. The Volvo Penta segment markets marine and industrial engines. The company was founded by Assar-Thorvald Nathanael-Gabrielsson and Erik Gustaf Larson in 1927 and is headquartered in Goteborg, Sweden.

Volvo Cars said on Tuesday that a shortage of semi-conductors was hitting production and would likely to continue through the second quarter, forcing it to cut its forecast for vehicle deliveries for the full year.

Volvo Cars cuts 2022 sales volume forecast due to chip shortage

Volvo's first electric-only model, the compact C40 Recharge crossover has a great size for city driving, is fun on the open road but lags behind some competitors in range.

Mountain Driving In The C40, The First Electric-Only Volvo

Volvo and Starbucks have announced a partnership that will see a buildout of EV charging stations at Starbucks along a major highway between Seattle and Denver, reports Newsweek. It's the first such partnership of public EV charging for Starbucks, a chain that has over 15,000 stores in total in the U.S. The combination coffee shop and [.

The EV Infrastructure Is Growing and Volvo Is Capitalizing

Starbucks

Volvo Cars U.S. said on Tuesday it was partnering with coffee giant Starbucks Corp to create a public electric vehicle (EV) charging network that is set to begin this summer.

Volvo Cars teams up with Starbucks for pilot EV charging network

Volvo will install fast chargers at Starbucks locations along a 1,350-mile route from the Denver area to the coffee company's Seattle headquarters.

Starbucks, Volvo launch a pilot EV charging network at coffee giant's stores

Volvo Cars will establish a tech hub in the Swedish capital of Stockholm it said on Friday, as it seeks to reach its goal to sell at least half of its cars online.

Volvo Cars to set up tech hub in Stockholm

Volvo Car USA has launched a program for its dealers install UVeye automatic drive through inspection stations.

Volvo USA Launches Dealer Program To Install UVeye Instant Inspection Stations

Volvo Car's all-electric by 2030 ambition was looking a bit threadbare with only one model available - the compact SUV C40 Recharge front-wheel drive and XC40 all-wheel drive version - but plans to introduce 5 new battery-electric vehicles have added credibility to this ambitious target.

Volvo Expected To Add Five Electric Models To Boost Lone XC40

Volvo will put a wireless EV charging system through its paces in a new program. A small fleet of electric Volvo XC40 Recharge cars will be used as taxis in Gothenburg, Sweden in a three-year pilot.

Volvo is testing wireless EV charging tech in Sweden

Volvo and Daimler Truck have suspended some operations in Russia in the wake of the invasion of Ukraine. Volvo is no longer shipping cars to Russia and Daimler Truck parent Mercedes-Benz is looking for ways to divest from investments in the country.

Volvo, Daimler Truck suspend business in Russia

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Global auto and truck makers, including Sweden's Volvo Cars and Germany's Daimler Truck, on Monday suspended some business in Russia following that country's invasion of Ukraine.

Auto and truck makers suspend some business in Russia following invasion

Swedish automaker Volvo Cars said on Monday it will suspend car shipments to the Russian market until further notice, becoming the first international carmaker to do so as sanctions over Moscow's invasion of Ukraine continue to bite.

Citing sanctions, Volvo suspends car shipments to Russia

Swedish truck maker AB Volvo has halted all its production and sales in Russia, a company spokesperson said on Monday.

Truck maker AB Volvo halts production in Russia -spokesperson

GÖTEBORG, Sweden, Feb. 25, 2022 /PRNewswire/ -- Volvo Group today published the Annual and Sustainability Report 2021 on www.volvogroup.com . During the year, the Volvo Group continued to deliver good profitability and took several important steps in the efforts to lead the transition to a climate-neutral transport system.

AB Volvo publishes Annual and Sustainability Report 2021

GÖTEBORG, Sweden, Feb. 22, 2022 /PRNewswire/ -- The Volvo Group will hold a Capital Markets Day on June 22, 2022. During the day, executive management will outline the Group's strategic direction, which is built on the pillars Perform and Transform.

Save the date for the Volvo Group Capital Markets Day on June 22, 2022

Redwood Materials, the startup founded by former Tesla CTO JB Straubel, is launching an electric vehicle battery recycling program in California with Ford and Volvo as inaugural partners as pressure mounts to source materials for EVs. The basic plan is that Redwood Materials will work with dealers and dismantlers in California to recover end-of-life battery […]

Ford, Volvo join Redwood Materials to launch free EV battery recycling program in California

Ford Motor and Geely Automobile's Volvo Cars will join battery recycling startup Redwood Materials in developing processes, starting in California, to collect end-of-life batteries from electric and hybrid vehicles and recover the materials for use in new batteries, the companies said Thursday.

Ford, Volvo join Redwood in EV battery recycling push in California

The battery recycler created by Tesla cofounder and former tech chief JB Straubel will collect used electric and hybrid vehicle packs from Ford and Volvo Cars in the first-of-its-kind program in California.

Redwood Materials Plans California EV Battery Recycling Program With Ford, Volvo Cars

GÖTEBORG, Sweden, Feb. 17, 2022 /PRNewswire/ -- The Election Committee of AB Volvo proposes that Jan Carlson be elected as new Board member at the Annual General Meeting on April 6, 2022. The Election Committee also proposes the re-election of the Chairman of the Board Carl-Henric Svanberg, as well as Board members Matti Alahuhta, Eric Elzvik, Martha Finn Brooks, Kurt Jofs, Martin Lundstedt, Kathryn V.

Jan Carlson proposed as new Board member of AB Volvo

GOTHENBURG, Sweden, Feb. 16, 2022 /PRNewswire/ -- New statistics show that Volvo Trucks was the market leader for heavy all-electric trucks in Europe 2021 with a market share of 42%. In 2021 the company took orders, including letters of intent to buy, for more than 1,100 electric trucks worldwide.

Volvo Trucks leads the electric truck market in Europe

Volvo Cars has effectively shoved its internal-combustion engine business off its books by moving all of its carbon-dioxide emitting powertrains to a new company called Aurobay.

Volvo Dumps Combustion Engines – To A New Joint Venture

Volvo Cars reported on Friday quarterly earnings below expectations, and said it expected to continue growing sales volume in 2022.

Volvo Cars Q4 profit lags forecasts

Tesla uses giant casting machines to make some parts of its Model Y SUV. Now Volvo is following suit with a $1.1 billion investment in manufacturing.

Volvo will build electric cars using Tesla's signature megacasting process

Volvo Cars will invest 10 billion Swedish crowns ($1.1 billion) in its manufacturing plant in Gothenburg in the next few years, it said on Tuesday.

Volvo Cars to invest $1.1 billion in Swedish manufacturing plant over coming years

Volvo Cars plans to become a "fully electric car company" by the year 2030.

News for Volvo AB Stock (VLVLY)