Volvo AB

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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.

The EX30 is the smallest SUV to date from the Sweden-based manufacturer and follows the unveiling of the larger electric EX90 in November.

Volvo unveils affordable EX30 electric SUV in move to compete with Tesla

There's a lot to love about the new Volvo EX30. The starting price of $34,950 puts it as one of the least expensive modern EVs on the market.

Volvo reveals the small, simple and inexpensive EX30 electric SUV

Volvo Cars launched its EX30 fully-electric small SUV on Wednesday with two battery options and a starting price of around 36,000 euros ($38,500), as carmakers compete with Tesla to make electric vehicles (EVs) more affordable.

Volvo Cars launches EX30 electric SUV with focus on affordability

The company hopes the new SUV can help it address one of the biggest challenges automakers face: To meet ambitious EV goals, they have to offer more affordable cars.

Volvo Rolls Out All-Electric SUV Aimed at First-Time Buyers

Sweden-based Volvo Cars on Monday posted a 31% rise in monthly sales figures year-on-year, saying it had sold 60,398 cars in May.

Volvo Cars sales up 31% in May

It is worth noting that Daimler and Volvo are fiercest competitors, however they formalized the hydrogen fuel cell partnership through the creation of a joint venture.

Volvo's Hydrogen Trucks: A 3-Year Journey

Europe risks being left behind on green energy innovation and investment if various pieces of legislation are not aligned and simplified, the CEOs of Volvo Group and Vattenfall said.

EU risks losing energy transition race, Volvo and Vattenfall warn

Swedish manufacturer Volvo Group, has signed a 10-year deal to buy half of the power produced by Sweden's new Bruzaholm wind farm starting in 2025, the companies said on Tuesday.

Volvo Group in deal to buy half of new Swedish wind farm's power

GOTHENBURG, Sweden , May 23, 2023 /PRNewswire/ -- Amid increasing demand for clean energy, Volvo Group has today signed a long-term agreement with Vattenfall, the largest producer of renewable electricity in Sweden. The agreement means that Volvo Group is committed to buying 50% (~230GWh/year) of the renewable electricity produced at Bruzaholm wind park in Sweden, over a 10-year period starting in the last quarter of 2025.

Volvo Group partners with Vattenfall to secure long-term renewable electricity for its operations

Greensboro, N.C., May 22, 2023 (GLOBE NEWSWIRE) -- Volvo Trucks has signed a letter of intent to sell 1,000 electric trucks between now and 2030 to Holcim, one of the world's largest building solution providers. The deal is the largest commercial order to date for Volvo electric trucks, and the first 130 trucks will be delivered in 2023 and 2024.

Volvo receives record order for up to 1,000 electric trucks

Volvo Group said on Monday its unit Volvo Trucks plans to sell 1,000 electric trucks to Swiss building solutions provider Holcim for delivery over the next seven years, the biggest order ever for Volvo electric trucks.

Volvo wins record order for electric trucks from Holcim

GOTHENBURG, Sweden , May 16, 2023 /PRNewswire/ -- Building on its long heritage of safety innovations, Volvo Group is the first truck manufacturer to launch an Augmented Reality (AR) safety app for electric trucks, designed specifically to support first responders in an emergency. The app is developed to deliver instant, valuable information from the electric truck to the emergency services team arriving on the scene to guide them in real-time and ensure safe rescue conditions.

Volvo Group launches world's first electric truck safety app with AR technology for first responders

GOTHENBURG, Sweden , May 12, 2023 /PRNewswire/ -- Volvo Trucks and Jiangling Motors Co., Ltd will not pursue the previously announced transaction involving the acquisition of JMC Heavy Duty Vehicle Co., Ltd, and its manufacturing site in Taiyuan, Shanxi province, China. The two parties will not pursue the transaction due to that the conditions for closing the transaction were not met.

Volvo Trucks discontinues the acquisition of heavy-duty truck manufacturing operation in China

Polestar Automotive Holding UK PLC

Software, it turns out, is hard for automakers. And building a so-called software-defined car — the term du jour in automotive circles — is even harder.

Polestar and Volvo are the latest automakers caught in software purgatory

GOTHENBURG, Sweden , May 11, 2023 /PRNewswire/ -- Volvo Trucks leads the market for heavy electric trucks after the first quarter of 2023, both in Europe and in North America. In total, the Swedish truck manufacturer has sold almost 5,000 electric trucks in about 40 countries.

Electric on the rise - Volvo Trucks keeps its leading position

Martin Weissburg is retiring as president of Mack Trucks. He will be succeeded June 1 by Stephen Roy at the Volvo Group manufacturing subsidiary.

Volvo Group names new president of Mack Trucks

GOTHENBURG, Sweden , May 9, 2023 /PRNewswire/ -- Stephen Roy has been appointed as a new member of Volvo Group's Executive Board and President of Mack Trucks. He will succeed Martin Weissburg, who will retire after a long and successful career within the Volvo Group.

Stephen Roy appointed new member of the Volvo Group Executive Board and President of Mack Trucks

AB Volvo (VLVLY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

AB Volvo (VLVLY) Is Attractively Priced Despite Fast-paced Momentum

GOTHENBURG, Sweden , May 8, 2023 /PRNewswire/ -- Emitting only water vapor, hydrogen-powered fuel cell trucks will be an important part of Volvo Trucks' zero exhaust emission product portfolio. Now, the vehicles have passed an important milestone - namely, being test-driven on public roads.

Premiere: Volvo Trucks tests hydrogen-powered electric trucks on public roads

BEV sales have been strong the last two quarters and they now account for 18% of overall unit sales. The UK is their third biggest market and management is hoping it will soon be 100% direct.

Volvo Car: Transforming With BEVs And DTC Changes

Volvo Group has seen strong growth in sales and overall earnings in the most recent quarter. Truck demand remains strong and production bottlenecks are showing signs of easing.

Volvo: Strong Truck Demand And Easing Production Pressures Encouraging

GOTHENBURG, Sweden , April 27, 2023 /PRNewswire/ --            Q1 revenue was SEK 95.7 bn (SEK 74.3 bn in Q1 2022) Q1 operating income was SEK 5.1 bn (SEK 6.0 bn in Q1 2022) Q1 operating income (excluding JVs and associates) was SEK 6.3 bn (SEK 5.9 bn in Q1 2022) Q1 EBIT margin was 5.3 per cent (8.1 per cent in Q1 2022) Q1 EBIT margin (excluding JVs and associates) was 6.6 per cent (7.9 per cent in Q1 2022) Q1 basic earnings per share was SEK 1.21 (SEK 1.29 in Q1 2022) Q1 fully electric car sales share at 18 per cent (8 per cent in Q1 2022) Volvo Cars today reports a 7 per cent increase in operating profits, excluding joint ventures and associates, to SEK 6.3 bn and an EBIT margin of 6.6 per cent for the first quarter of 2023. While delivering improved earnings for the quarter, despite raw material prices remaining at elevated levels and continued turbulence around the world, Volvo Cars' execution engine remains focused on its transformation priorities.

Volvo Cars Q1 Results: Stable start to 2023, as company continues delivering on ongoing transformation with improved earnings

Volvo posts mixed results, cautions over challenging and volatile environment.

Volvo posts mixed results, cautions over challenging and volatile environment

CorrActions, an Israeli startup that, among other things, built a driver monitoring system that can understand a driver's cognitive state, today announced that it has raised a strategic investment from Volvo Cars Tech Fund. According to the company, the target for this round is $6 million.

Volvo Cars Tech Fund invests in driver monitoring startup CorrActions

Volvo Group sold and delivered more trucks in the first quarter than in any Q1 in its history. The Swedish truck maker cited pent-up demand to replace aging fleets as a major factor.

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