Stockholm:VOLVB

Volvo Group - the first quarter 2024

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수요일, 4월 17, 2024

GOTHENBURG, Sweden, April 17, 2024 /PRNewswire/ -- "During Q1 2024, demand continued to normalize at good levels across many of the Volvo Group's markets.

Key Points:

GOTHENBURG, Sweden, April 17, 2024 /PRNewswire/ -- "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.
Invoiced price continued to increase, mainly on the back of carry-over from the price increases we gradually implemented last year.
In Q1 2024, net sales were on the same level as in the previous year and amounted to SEK 131.2 billion (131.3).

Volvo Group to Increase North American Heavy Truck Production Capacity

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목요일, 4월 11, 2024

Ecosystem, Volvo, Paint, EUR, Mack Trucks, LVO, Nasdaq Stockholm, Volvo Trucks, NRV, Automotive industry

GOTHENBURG, Sweden, April 11, 2024 /PRNewswire/ -- The Volvo Group today announced that it will build a new heavy-duty truck manufacturing plant in Mexico to supplement the Group's U.S. production.

Key Points:

GOTHENBURG, Sweden, April 11, 2024 /PRNewswire/ -- The Volvo Group today announced that it will build a new heavy-duty truck manufacturing plant in Mexico to supplement the Group's U.S. production.
The Mack LVO plant in Pennsylvania and the Volvo NRV plant in Virginia will continue to be the company's main North American heavy truck production sites.
It also provides a mature supply and production ecosystem that will complement the U.S. system and increase the resilience and flexibility of the Group's North American industrial footprint.
The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets.

New number of votes in AB Volvo

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목요일, 3월 28, 2024

Volvo, EUR, Nasdaq Stockholm, Annual general meeting, Financial instrument, Security (finance)

GOTHENBURG, Sweden, March 28, 2024 /PRNewswire/ -- The number of votes in AB Volvo has changed due to the conversion of a total of 1,490 Series A shares to a total of 1,490 Series B shares.

Key Points:

GOTHENBURG, Sweden, March 28, 2024 /PRNewswire/ -- The number of votes in AB Volvo has changed due to the conversion of a total of 1,490 Series A shares to a total of 1,490 Series B shares.
Today, 28 March 2024, the last trading day of the month, there are a total of 2,033,452,084 registered shares in AB Volvo.
The number of votes in the company amounts to 603,831,402.4 based on the number of registered shares.
This information is information that AB Volvo (publ) is obliged to make public pursuant to the Financial Instruments Trading Act.

Annual General Meeting of AB Volvo

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수요일, 2월 21, 2024

GOTHENBURG, Sweden, Feb. 21, 2024 /PRNewswire/ -- AB Volvo (publ) ("Volvo") gives notice to attend the Annual General Meeting at Konserthuset, Götaplatsen, Göteborg, Wednesday, March 27, 2024, at 3.00 p.m.

Key Points:

GOTHENBURG, Sweden, Feb. 21, 2024 /PRNewswire/ -- AB Volvo (publ) ("Volvo") gives notice to attend the Annual General Meeting at Konserthuset, Götaplatsen, Göteborg, Wednesday, March 27, 2024, at 3.00 p.m.
Volvo warmly welcomes its shareholders to the Annual General Meeting.
The main entrance of Konserthuset opens for registration at 2.00 p.m. and the Annual General Meeting begins at 3.00 p.m. Coffee and cakes will be served in connection with the Annual General Meeting.
AB Volvo (publ) ("Volvo") gives notice to attend the Annual General Meeting at Konserthuset, Götaplatsen, Göteborg, Wednesday, March 27, 2024, at 3.00 p.m.
Volvo warmly welcomes its shareholders to the Annual General Meeting.
The main entrance of Konserthuset opens for registration at 2.00 p.m. and the Annual General Meeting begins at 3.00 p.m. Coffee and cakes will be served in connection with the Annual General Meeting.

Proposal for Board of Directors of AB Volvo

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화요일, 2월 20, 2024

AB, Volvo, Election Committee (Hong Kong), AFA, Nasdaq Stockholm, AMF, EUR, Annual, Automotive industry

As previously announced, the Election Committee of AB Volvo proposes Pär Boman to be elected new Chairman of the Board and Board member at the Annual General Meeting on March 27, 2024.

Key Points:

As previously announced, the Election Committee of AB Volvo proposes Pär Boman to be elected new Chairman of the Board and Board member at the Annual General Meeting on March 27, 2024.
AB Volvo's current Chairman of the Board Carl-Henric Svanberg will not stand for re-election.
The Election Committee of AB Volvo comprises representatives of four of the company's largest shareholders, who together represent approximately 15.9 percent of the shares and approximately 39.6 percent of the votes, and the Chairman of the Board.
The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets.

Volvo launches new trucks worldwide - future proofing its product portfolio

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월요일, 1월 29, 2024

Volvo, Truck, CO2, Electricity, Carbon, Weather, Safety, Volvo FH, Volvo Trucks, Hydrogen, Automotive industry

This means a significant overhaul and expansion of Volvo Trucks heavy-duty offering globally and a vital step to reduce the carbon footprint from the product portfolio.

Key Points:

This means a significant overhaul and expansion of Volvo Trucks heavy-duty offering globally and a vital step to reduce the carbon footprint from the product portfolio.
"This is a bold move– we are launching new best-in-class trucks that will set a benchmark for energy efficiency and reduction of CO2 emissions across the entire product range," says Roger Alm, President Volvo Trucks.
In Europe, Australia, Asia and Africa, Volvo is launching the new Volvo FH Aero – optimized for energy-efficient heavy-duty transports.
In total, Volvo Trucks' electric offering expands from six to eight models, covering a large part of the transport needs worldwide.

Volvo Group - the fourth quarter and full year 2023

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금요일, 1월 26, 2024

Interview

Return on capital employed in the Industrial Operations increased to 36.7% (27.4).

Key Points:

Return on capital employed in the Industrial Operations increased to 36.7% (27.4).
In Q4 2023, net sales increased by 10% to SEK 148.1 billion (134.3).
Adjusted operating income amounted to SEK 18,384 M (12,171), corresponding to an adjusted operating margin of 12.4% (9.1).
An on-line presentation of the report, followed by a question and answer session will be webcasted starting at 09.00 CET.

Volvo Group has signed an option agreement to divest Arquus

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월요일, 1월 15, 2024

Volvo, Nasdaq Stockholm, Renault Trucks, EUR, Automotive industry

GÖTEBORG, Sweden, Jan. 15, 2024 /PRNewswire/ -- Volvo Group has signed an option agreement with John Cockerill Defense which gives the Volvo Group the right to sell Arquus after mandatory consultations with staff representative bodies.

Key Points:

GÖTEBORG, Sweden, Jan. 15, 2024 /PRNewswire/ -- Volvo Group has signed an option agreement with John Cockerill Defense which gives the Volvo Group the right to sell Arquus after mandatory consultations with staff representative bodies.
As a result of the option agreement, the Volvo Group's operating income will be negatively impacted by approximately SEK 900 M in the fourth quarter of 2023.
Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions.
The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets.

Volvo Group accelerates hydrogen research with PhD scholarships for the internal combustion engine

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금요일, 1월 12, 2024

GOTHENBURG, Sweden, Jan. 12, 2024 /PRNewswire/ -- Volvo Group is further developing the internal combustion engine with hydrogen as a propulsion technology by initiating PhD scholarships dedicated to hydrogen combustion engine technology.

Key Points:

GOTHENBURG, Sweden, Jan. 12, 2024 /PRNewswire/ -- Volvo Group is further developing the internal combustion engine with hydrogen as a propulsion technology by initiating PhD scholarships dedicated to hydrogen combustion engine technology.
Volvo Group is one of few automotive companies who advocates for the continued research and development of the internal combustion engine to help reach net zero across trucks, buses, construction, marine and industrial solutions.
I see the internal combustion engine running on green hydrogen as another solution of high interest which we are currently testing in our engine labs and test vehicles," says Lars Stenqvist, Chief Technology Officer Volvo Group.
Volvo Group is establishing the VICE scholarship (Volvo Internal Combustion Engine) to secure continued competence of internal combustion engine technology because of the reduced public funding for academic research in this field of technology and therefore reduced interest among students.

Volvo Construction Equipment reaches agreement to divest the ABG paver business

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목요일, 12월 14, 2023

Ammann Group, Construction Equipment, Ammann, ABG, SEK, Nasdaq Stockholm, Volvo Construction Equipment, Volvo, CE, EUR, Heavy equipment

GOTHENBURG, Sweden, Dec. 14, 2023 /PRNewswire/ -- Volvo Construction Equipment (Volvo CE) and the Ammann Group have reached an agreement whereby Ammann will acquire Volvo CE's global ABG paver business.

Key Points:

GOTHENBURG, Sweden, Dec. 14, 2023 /PRNewswire/ -- Volvo Construction Equipment (Volvo CE) and the Ammann Group have reached an agreement whereby Ammann will acquire Volvo CE's global ABG paver business.
Volvo CE and the Ammann Group see this as the best way to maintain and develop the long established ABG heritage in the paver business for relevant customers, dealers, suppliers and employees.
As a consequence of the divestment, production of Volvo CE compaction equipment in Hameln will be phased out.
In 2022, ABG paver business had revenues amounting to SEK 1,100 M. As part of the divestment process, about 400 people will move from Volvo CE to join the Ammann Group.