Stockholm:VOLV-B

Invitation to the Volvo Group report on the first quarter 2024

Retrieved on: 
Wednesday, April 3, 2024
Volvo, EUR, Nasdaq Stockholm, News

GOTHENBURG, Sweden, April 3, 2024 /PRNewswire/ -- The Volvo Group report for the first quarter 2024 will be published on April 17, at 7.20 a.m. CEST.

Key Points: 
  • GOTHENBURG, Sweden, April 3, 2024 /PRNewswire/ -- The Volvo Group report for the first quarter 2024 will be published on April 17, at 7.20 a.m. CEST.
  • The Volvo Group will be represented by President and CEO Martin Lundstedt and CFO Mats Backman.
  • 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.

Annual General Meeting of AB Volvo

Retrieved on: 
Wednesday, March 27, 2024
Annual, EUR, Volvo, Exercise, AB, AFA, Stockholm Concert Hall, Audit committee, Meeting, Annual general meeting, AMF, Election Committee (Hong Kong), Nasdaq Stockholm

GOTHENBURG, Sweden, March 27, 2024 /PRNewswire/ -- The Annual General Meeting adopted the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet. In accordance with the Board's proposal, the Meeting resolved that an ordinary dividend of SEK 7.50 per share and an extraordinary dividend of SEK 10.50 per share should be paid to the shareholders. April 2, 2024 was decided as the record date for the right to receive dividends.

Key Points: 
  • AB Volvo held its Annual General Meeting on March 27, 2024.
  • GOTHENBURG, Sweden, March 27, 2024 /PRNewswire/ -- The Annual General Meeting adopted the income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet.
  • The auditing firm Deloitte AB was re-elected as Auditor for the period until the close of the Annual General Meeting 2025, in accordance with the Election Committee's proposal and the Board's and the Audit Committee's recommendation.
  • The Annual General Meeting approved the Board's remuneration report.

Volvo Group and Renault Group complete creation of a joint venture for an all-new generation of electric vans: Flexis SAS

Retrieved on: 
Friday, March 22, 2024
EUR, CMA, Volvo, CMA CGM, Software, Automotive industry

GOTHENBURG, Sweden, March 22, 2024 /PRNewswire/ -- Following the binding joint venture agreements signed on October 6th, 2023, Volvo Group and Renault Group have obtained all the required regulatory approvals and have now officially launched the new company Flexis SAS for the next generation fully electric and software defined vehicles.

Key Points: 
  • GOTHENBURG, Sweden, March 22, 2024 /PRNewswire/ -- Following the binding joint venture agreements signed on October 6th, 2023, Volvo Group and Renault Group have obtained all the required regulatory approvals and have now officially launched the new company Flexis SAS for the next generation fully electric and software defined vehicles.
  • The new company, which will be based in France, will address the growing needs of decarbonized and efficient urban logistics.
  • Volvo Group and Renault Group plan to invest respectively EUR 300 million over the next three years.
  • Following its non-binding agreement on October 6th, 2023, CMA CGM Group has confirmed its interest for a strategic investment up to EUR 120 million in Flexis through PULSE, its EUR 1.5 billion investment fund aimed at fostering the decarbonization of the logistics value chain.

Volvo Group signs agreement with Westport for joint venture to reduce CO2 emissions from long haul transport

Retrieved on: 
Monday, March 11, 2024
EUR, Letter, HPDI, Climate change mitigation, CO2, Hydrogen, Intellectual property, Nasdaq Stockholm, Automotive industry

The closing of the joint venture is subject to certain closing conditions, including regulatory and government approvals.

Key Points: 
  • The closing of the joint venture is subject to certain closing conditions, including regulatory and government approvals.
  • It is anticipated that the joint venture will become operational following the formal closing which is expected in the second quarter of 2024.
  • As previously announced, Westport will contribute certain HPDI assets and opportunities, including related fixed assets, intellectual property, and business, into the joint venture.
  • Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions.

AB Volvo: Invitation to press and analyst conference in Stockholm

Retrieved on: 
Friday, January 12, 2024
Volvo, Nasdaq Stockholm, EUR

A press conference will be held at Tändstickspalatset, Västra Trädgårdsgatan 15 in Stockholm at 9.00 a.m. CET.

Key Points: 
  • A press conference will be held at Tändstickspalatset, Västra Trädgårdsgatan 15 in Stockholm at 9.00 a.m. CET.
  • The Volvo Group will be represented by President and CEO Martin Lundstedt and CFO Mats Backman.
  • Press and analysts who want to participate in the press conference via conference call, may call the telephone exchange at +46 10 444 18 30 from 8.00 a.m. CET.
  • Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions.

Breakthrough for fast charging of electric trucks - Volvo Trucks launches new service

Retrieved on: 
Thursday, October 5, 2023
Daimler Truck, Volvo, Partnership, Volvo Trucks, Map, Transport, Traton, Heavy equipment, Online shopping, Automotive industry

GOTHENBURG, Sweden, Oct. 5, 2023 /PRNewswire/ -- A network for fast charging of electric trucks is a key part of the transition to more sustainable heavy transportation. In Sweden, some 130 charging stations in total are planned to open in 2023 and 2024. The stations are operated by several different companies, and Volvo Trucks is one of the partners involved.

Key Points: 
  • A new service from Volvo Trucks makes it easy for haulers to find and access the charging stations.
  • Volvo Trucks is now launching a new service that lets haulers find and access the charging stations.
  • This is how Volvo Trucks' charging service works:
    The charging service is part of Volvo Connect, Volvo Trucks' interface for digital services.
  • *Volvo's charging service will in the first wave provide seamless access to the 29 charging stations that are operated by OKQ8.

Mats Backman new Chief Financial Officer and member of the Volvo Group Executive Board

Retrieved on: 
Thursday, June 29, 2023
Volvo, Autoliv, EUR, Sandvik, Nasdaq Stockholm, SEK, Veoneer, Management, Automotive industry

GOTHENBURG, Sweden, June 29, 2023 /PRNewswire/ -- Mats Backman has been appointed as Chief Financial Officer and a new member of Volvo Group's Executive Board.

Key Points: 
  • GOTHENBURG, Sweden, June 29, 2023 /PRNewswire/ -- Mats Backman has been appointed as Chief Financial Officer and a new member of Volvo Group's Executive Board.
  • He will succeed Jan Ytterberg, who as previously communicated, will continue as Volvo Group senior advisor.
  • He has been the Chief Financial Officer for several well-known companies such as Sandvik, Autoliv and Veoneer.
  • The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets.

Volvo Group Mobility Transformation Forum calls for collaboration to speed up Europe's fossil-free future

Retrieved on: 
Wednesday, May 17, 2023
Volvo, Interview, Speech, DHL, History, SEK, European Parliament Committee on the Environment, Public Health and Food Safety, EUR, Hydrogen-powered ship, Investment, European, AI, EIB, Nasdaq Stockholm, Automotive industry, Renewable energy, EU, Vattenfall

GOTHENBURG, Sweden, May 17, 2023 /PRNewswire/ -- Volvo Group is calling for increased dialogue between policymakers and the industry around the future of mobility at its annual Mobility Transformation Forum in Brussels on May 23, which will be streamed live on LinkedIn .

Key Points: 
  • GOTHENBURG, Sweden, May 17, 2023 /PRNewswire/ -- Volvo Group is calling for increased dialogue between policymakers and the industry around the future of mobility at its annual Mobility Transformation Forum in Brussels on May 23, which will be streamed live on LinkedIn .
  • Martin Lundstedt, President, and CEO of Volvo Group, believes that the green and digital transformation requires increased cross-sector collaboration among energy providers, logistics companies, vehicle manufacturers, and policymakers at both the EU and national levels.
  • 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 to produce battery modules in Ghent by 2025

Retrieved on: 
Wednesday, October 26, 2022
Nasdaq Stockholm, Volvo, Group, Cell, SEK, EUR, Solution, Heavy equipment

GOTEBORG, Sweden, Oct. 26, 2022 /PRNewswire/ -- In 2025, Volvo Group's truck plant in Ghent, Belgium will start to produce battery modules.

Key Points: 
  • GOTEBORG, Sweden, Oct. 26, 2022 /PRNewswire/ -- In 2025, Volvo Group's truck plant in Ghent, Belgium will start to produce battery modules.
  • The investment decision to install battery module manufacturing capacity in Ghent is another important step for the Volvo Group to shape its future value chain for battery systems.
  • The battery module manufacturing line in Ghent will be able to use battery cells both from partners and from the planned battery cell plant in Sweden.
  • In the second half of 2023 the plant in Ghent will also start to produce battery electric heavy-duty trucks.

Volvo Group starts process to establish plant for battery production in Sweden

Retrieved on: 
Wednesday, August 3, 2022
CEO, Volvo, Cell, Solution, Skaraborg, Renewable energy, Rail transport

GTEBORG, Sweden, Aug. 3, 2022 /PRNewswire/ -- To meet the growing demand for battery electric heavy-duty vehicles and machines, the Volvo Group has initiated the process to establish a large-scale production plant for battery cells in Sweden.

Key Points: 
  • GTEBORG, Sweden, Aug. 3, 2022 /PRNewswire/ -- To meet the growing demand for battery electric heavy-duty vehicles and machines, the Volvo Group has initiated the process to establish a large-scale production plant for battery cells in Sweden.
  • We aim to do this together with partners and the journey starts now," says Martin Lundstedt, President and CEO of the Volvo Group.
  • An extensive site localization study has been done, which indicates that the Skaraborg region in Sweden is an ideal location for the plant.
  • The Volvo Group plans to gradually increase capacity and reach large-scale series production by 2030.