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.

Alphabet

Waymo’s self-driving software footprint is expanding — this time in a partnership with Volvo Car Group. The two companies announced Thursday an “exclusive” partnership to integrate Waymo’s self-driving software into a new electric vehicle designed for ride-hailing.

Waymo, Volvo partner to develop electric robotaxis

The two companies will be joining forces to create a new Level 4 autonomous electric vehicle platform aimed squarely at the ride-hailing market.

Volvo engages Waymo as its exclusive Level 4 partner in new ride-hailing EV project

Waymo and the Volvo Cars Group have agreed to develop a self-driving electric vehicle designed for ride hailing use, as part of a new global partnership, the companies said on Thursday.

Volvo Cars, Waymo partner to build self-driving vehicles

On today's Midday Market Update, Michael Vincent and Kevin Hill talk about the SONAR-powered data, issues and news that move you.

Major Layoffs Strike A Blow To Volvo – Midday Market

In its announcement on Tuesday, AB Volvo (OTCMKTS: VOLVF) said that it plans on cutting roughly 4,100 jobs from its white-collar workforce in the 2nd half of 2020. The manufacturer of trucks and construction equipment attributed the move to the Coronavirus pandemic that has so far infected more than 8.2 million people worldwide and caused over 443,000 deaths.

AB Volvo to slash 4,100 white-collar jobs to shore up finances amidst COVID-19

Sweden's Volvo Group (OTC: VLVLY) is cutting 4,100 white-collar jobs globally in the second half of the year, responding to ongoing impacts of the COVID-19 pandemic.

Volvo Group To Cut 4,100 Jobs

Sweden's Volvo Group is cutting 4,100 white-collar jobs globally in the second half in response to the ongoing impacts of the COVID-19 pandemic.

Volvo Group Cuts 4,100 White-Collar Jobs

Truck- and construction equipment maker AB Volvo  plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, it said in a statement on Tuesday, citing the effects of the COVID-19 pandemic.

AB Volvo to cut white-collar workforce by 4,100 jobs as pandemic weighs

In a report on Wednesday, Geely Holdings (HKG: 0175) said that its subsidiary, Volvo Cars, saw a 40% increase in sales in May as compared to the prior month, as governments started easing Coronavirus restrictions enabling factories to restore production and businesses to return to work. Despite the recovering demand, sales still came in 25.5% down in May as compared to the same month last year.

Volvo reports a 40% increase in car sales in May as COVID-19 restrictions start to ease

Geely Automobile Holdings Ltd

Volvo Cars, owned by China's Geely Holding, said on Wednesday it sold 40% more cars in May than in April, as restrictions to contain the spread of the COVID-19 pandemic started to ease in several markets.

Geely's Volvo Cars sales soar 40% in May vs month-ago as virus curbs ease

Swedish truck maker Volvo  will withdraw its proposed dividend for 2019, it said on Tuesday, joining a slew of firms opting not to make payments to shareholders because of the coronavirus crisis.

Truck maker Volvo ditches dividend payment amid COVID-19 crisis

The fuel cell veruss battery truck competition is heating up with the new Volvo-Daimler partnership. For Volvo it is a bitter-sweet return to fuel cells after losing its dedicated research team about a decade ago.

Volvo’s Fuel Cell Truck Alliance With Daimler Is A Return To The Hydrogen Bandwagon

It's possible that all future Volvos will incorporate Luminar's lidar sensors.

Volvo Cars Will Use Luminar's Lidar to Enable Highway Self-Driving in 2022

Volvo-Benz Fuel Cell: Another Daimler's Gem Going Unnoticed

Volvo Car Group, owned by China's Geely Holding, said on Wednesday it was giving notice of redundancy to 1,300 white-collar workers in Sweden as the impact from the pandemic increased the urgency of lowering structural costs.

Geely's Volvo Cars gives notice to 1,300 white-collar staff in Sweden

Fiat Chrysler

Volkswagen AG

From FCA to Volkswagen, here are the automakers with plants back online in some capacity.

Coronavirus and plant restarts: The automakers returning to work

German carmaking giant Volkswagen  resumed production at its biggest factory on Monday as part of a broader industry drive to get back to work in Europe, where the coronavirus pandemic has hammered demand and pushed up inventory levels.

Europe restarts car factories amid uncertain demand

Bayerische Motoren Werke AG

Toyota Motor

Volkswagen will restart production at its Wolfsburg factory in Germany on Monday, the latest of a fleet of European carmakers to take advantage of eased coronavirus lockdown rules to resume manufacturing.

European carmakers restart production as coronavirus lockdowns ease

AB Volvo (publ) (VOLAF) CEO Martin Lundstedt on Q1 2020 Results - Earnings Call Transcript

Swedish truck maker AB Volvo (OTCMKTS:VLVLY) reported lower revenue and profit for the first quarter after weathering the early impacts of the coronavirus pandemic that it forecasts will dramatically reduce business results for the rest of the year.

Volvo Q1 Earnings Presage Tough Times Ahead

Swedish truck maker AB Volvo  reported a smaller-than-expected fall in first-quarter operating earnings on Thursday but warned its net order intake of trucks had been negative since the end of March as customers canceled planned purchases due to the pandemic.

Truck maker Volvo first-quarter profit falls less than expected

The two will make units for hydrogen-powered electric heavy vehicles, but not for several years.

Daimler and Volvo Trucks Team Up on Fuel Cells for Electric Buses and Tractor-Trailers

The technology is already being deployed in a number of scenarios.

Transport giants Volvo Group and Daimler Truck team up to focus on fuel-cell technology

Daimler Trucks will bring together all of Daimler's fuel cell activities in a new fuel cell unit, including those of Mercedes-Benz Fuel Cell GmbH. The partnership will also look at automotive and non-automotive uses of the technology.

Daimler, Volvo Trucks To Team Up On Heavy Truck Fuel Cells

The Volvo Group se:volv will buy 50% of Daimler DAI, -2.05% current fuel cell activities for 600 million euros as the two form a venture to develop, produce and commercialize fuel cell systems for heavy-duty vehicle applications and other use cases, the two companies announced.

News for Volvo AB Stock (VLVLY)