Volvo AB

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q3 2024

Earnings data Q4 2024

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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.

Volkswagen AG

Among the major carmakers, Volkswagen and Volvo are doing enough to electrify their vehicle lineups in Europe and the EU needs to set tougher CO2 emission limits if it wants to meet Green Deal targets, according to a climate group's study.

Only Volkswagen, Volvo doing enough to electrify in Europe - study

GOTHENBURG, Sweden, June 8, 2021 /PRNewswire/ -- Volvo Group's climate targets are in line with what the latest climate science deems necessary to keep global warming at a maximum 1.5⁰ C. Volvo Group's pathway to reach the goals of the Paris Climate Agreement has now been validated by the Science Based Targets initiative (SBTi).

SBTi-approval of Volvo Group's industry-leading climate targets

GOTHENBURG, Sweden, June 3, 2021 /PRNewswire/ -- Due to the extraordinary situation as a result of the COVID-19 pandemic and to reduce the risk of spreading the virus and having regard to the authorities' regulations and advice on restrictions of public gatherings, AB Volvo's Extraordinary General Meeting is carried out only through advance voting (postal voting) pursuant to temporary legislation. No meeting with the possibility to attend in person or to be represented by a proxy will take place.

Extraordinary General Meeting of AB Volvo

GOTHENBURG, Sweden, June 2, 2021 /PRNewswire/ -- Volvo Penta has announced an exciting new acquisition of ZEM – a company with 12 years of market experience as a supplier of both marine battery systems and complete electric drivelines and a strong track record in Norway, the most mature marine e-mobility market in the world. "As a part of the Volvo Group's great electromobility initiatives, Volvo Penta has a solid technology foundation to leverage.

Volvo Penta acquires majority stake in marine battery systems pioneer ZEM AS

Volvo's board is proposing that the proceeds from the sale of UD Trucks be distributed to shareholders, the Swedish truckmaker said late on Tuesday.

AB Volvo proposes distributing proceeds from UD Trucks sale

GÖTEBORG, Sweden, June 1, 2021 /PRNewswire/ -- AB Volvo's Board of Directors proposes that the proceeds from the sale of UD Trucks are to be distributed to the shareholders and will convene an Extraordinary General Meeting for a resolution on the proposal. The proposal entails a distribution of SEK 9.50 per share, corresponding to approximately SEK 19 billion.

AB Volvo's Board of Directors proposes a distribution of the proceeds from the sale of UD Trucks

After a 13-day strike called off by UAW officials, union workers at Volvo Trucks North America (VTNA) overwhelmingly rejected a tentative agreement Sunday. But they will stay on the job, company officials said.

Try again: UAW members reject tentative contract at Volvo Trucks

Swedish automaker Volvo Cars said on Wednesday it is considering listing on the Nasdaq Stockholm stock exchange this year.

Volvo Cars looking to list on Nasdaq Stockholm this year

Competitors Volvo AB and Daimler Trucks are teaming up to produce hydrogen fuel cells for long-haul trucks, which the companies say will lower development costs and boost production volumes. The joint venture, which is called cellcentric, aims to bring large-scale “gigafactory” production levels of hydrogen fuel cells to Europe by 2025.

Volvo AG and Daimler Trucks team up in hydrogen fuel cell joint venture

The United Auto Workers union ended a 13-day strike Friday at Volvo Trucks North America (VTNA), clearing the way for production to resume Monday at the Swedish truck makers's only North American manufacturing facility. Volvo said only that a tentative agreement was reached on a new five-year contract to replace a pact of the same length that expired on March 16.

UAW ends 13-day strike at Volvo with tentative contract agreement

GOTHENBURG, Sweden and STUTTGART, Germany, April 29, 2021 /PRNewswire/ -- Today, two leaders of the commercial vehicle industry - Daimler Truck AG and Volvo Group - officially outlined their pioneering roadmap for the new fuel-cell joint venture cellcentric, as part of an industry-first commitment to accelerate the use of hydrogen-based fuel cells for long-haul trucks and beyond. With the ambition of becoming a leading global manufacturer of fuel-cell systems, cellcentric will build one of Europe's largest planned series production of fuel-cell systems, with operation planned to commence in 2025.

Volvo Group and Daimler Truck AG fully committed to hydrogen-based fuel-cells - launch of new joint venture cellcentric

Daimler AG's truck unit and Volvo AB said on Thursday they will start making hydrogen fuel cells in Europe in 2025 via a joint venture, and called for EU policies to help make the zero-emission technology commercially viable.

Daimler, Volvo plan hydrogen fuel cell production in Europe in 2025

GOTHENBURG, Sweden, April 26, 2021 /PRNewswire/ -- Volvo Group has signed definitive agreements to acquire 60 percent of Designwerk Technologies AG, an engineering company in Switzerland, that develops and sells electromobility products and engineering services within electromobility eco-systems. By investing in Designwerk Technologies, the Volvo Group will complement its current capabilities when it comes to niche products and solutions.

Volvo Group invests in Designwerk Technologies AG to complement electromobility capabilities

AB Volvo (publ) (VOLAF) CEO Martin Lundstedt on Q1 2021 Results - Earnings Call Transcript

Sweden's Volvo AB (OTC: VLVLY) expects to take two to four weeks of manufacturing downtime this quarter as a shortage of microchips worsens. Ironically, a strike by 2,900 workers at Volvo's only manufacturing plant in North America could help the company move chips to other plants and forestall downtime.

Volvo expects up to a month of chip shortage downtime

Volvo stock jumped early on Thursday, as the Swedish truck maker crushed expectations in the first quarter amid surging demand.

Volvo Crushed Earnings. The Truck Maker Can Shrug Off the Chip Shortage.

Tata Motors

Carmakers Jaguar Land Rover (JLR), Hyundai and Volvo have all warned that production will be affected in coming months by a global shortage of computer chips. JLR said it is pressing pause on production at two UK plants because of a shortage of microchips, which is stemming from a worldwide shortage of semiconductors that has been dragging on the car industry since late last year.

Jaguar Land Rover and other carmakers warn of production issues due to chip shortage

GOTHENBURG, Sweden, April 22, 2021 /PRNewswire/ -- "The first quarter of 2021 was characterized by high activity among our customers, which was reflected in good demand for both new products and services. Compared with the first quarter of 2020, our net sales increased by 3% to SEK 94.0 billion.

Volvo Group - the first quarter 2021

GÖTEBORG, Sweden, April 20, 2021 /PRNewswire/ -- With the sales start this year of three new heavy-duty all-electric models, Volvo Trucks believes the time is right for a rapid upswing in electrification of heavy road transport. This positive outlook is based on the ability of Volvo's electric trucks to meet a broad variety of transport needs.

Volvo Trucks ready to electrify a large part of goods transports

As the autonomous driving race in China heats up, Didi is rushing to expand its car fleets by picking Swedish automaker Volvo, an old partner of Uber, as its ally. Didi said on Monday it will be using the XC90 SUVs of Volvo, which has been owned by Chinese auto company Geely since 2010, for its […]

Volvo to supply Chinese ride hailing giant Didi with autonomous driving cars

Volvo will provide XC90 SUVs to DiDi to be modified and used as test vehicles.

Chinese ride-hailing giant DiDi Chuxing partners with Volvo - Roadshow

About 2,900 United Auto Workers (UAW) representing employees at Volvo Trucks North America (VTNA) struck the truck manufacturer's only North American plant in Dublin, Virginia, on Saturday for the first time since an eight-week walkout in 2008. No talks to end the walkout are expected until at least April 26, Volvo Group spokesman John Mies told FreightWaves.

Volvo Trucks hit by first UAW strike since 2008

GÖTEBORG, Sweden, April 14, 2021 /PRNewswire/ -- The Volvo Group will hold a Capital Markets Day on November 11, 2021. 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 November 11, 2021

Swedish truck maker AB Volvo and steel maker SSAB have signed an agreement to produce the world's firstvehicles made of fossil-free steel, the companies said on Thursday.

Volvo, SSAB plan first fossil-free steel trucks on road to carbon neutrality

GÖTEBORG, Sweden, April 8, 2021 /PRNewswire/ -- Volvo Group and SSAB have signed a collaboration agreement on research, development, serial production and commercialization of the world's first vehicles to be made of fossil-free steel. Volvo plans already this year to start the production of concept vehicles and components from steel made by SSAB using hydrogen.

News for Volvo AB Stock (VLVLY)