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.

Volvo Group checked the boxes for higher sales, profits and market share for its trucking business in the second quarter despite ongoing supply chain disruptions. “Our customers in most regions are benefiting from high transport and infrastructure activity, which continues to drive good demand for our products and services,” Martin Lundstedt, Volvo president and CEO, said in an earnings report.

Volvo Group hits Q2 trifecta of higher sales, profit and share gains

AB Volvo (publ) (OTCPK:VOLAF) Q2 2022 Earnings Conference Call July 19, 2022 3:00 AM ET Company Participants Christer Johansson - Head, Investor Relations Martin Lundstedt - Chief Executive Officer Tina Hultkvist - Chief Financial Officer Conference Call Participants Hampus Engellau - Handelsbanken Tom Narayan - RBC Klas Bergelind - Citi Michael Jacks - BofA Daniela Costa - GS Miguel Borrega - BNP Paribas Erik Golrang - SEB Olof Cederholm - ABG Sundal Collier Mats Liss - Kepler Cheuvreux Anthony Dick - ODDO BHF Christer Johansson Welcome to the Volvo Group Press Conference for the Second Quarter. We will do as usual.

AB Volvo (publ)'s (VOLAF) CEO Martin Lundstedt on Q2 2022 Results - Earnings Call Transcript

STOCKHOLM (Reuters) -Swedish truck maker AB Volvo posted on Tuesday a bigger rise than expected in second-quarter core earnings, and said it had successfully mitigated effects of supply chain disruptions and higher material costs.

Truck maker Volvo profit grows more than expected despite supply chain issues

GÖTEBORG, Sweden , July 19, 2022 /PRNewswire/ -- "The Volvo Group continued to perform well in Q2 2022 with strong growth and improved profitability. We increased our net sales by 31% to SEK 118.9 billion with good momentum both in the sales of vehicles and in the service business.

Volvo Group - the second quarter 2022

Volvo manages to churn out revenue growth despite China economic headwinds and semiconductor shortages. We are increasingly confident in Volvo's ability to deliver in a recessionary environment.

Volvo Chugs Along Despite Weakness From China

Volvo Cars said on Friday it will leave the European Automobile Manufacturers Association (ACEA) by the end of 2022, citing differences between its zero-emission strategy and that of Europe's car lobby group.

Volvo Cars to leave ACEA car lobby group over climate goals

Volkswagen AG

GOTHENBURG, Sweden, MUNICH and STUTTGART, Germany , July 8, 2022 /PRNewswire/ -- Today, the Volvo Group, Daimler Truck, and the TRATON GROUP completed the final step in forming the previously announced joint venture for charging infrastructure in Europe. The new joint venture, with Anja van Niersen as appointed CEO, is expected to have a significant role in supporting the European Union's Green Deal for carbon-neutral freight transportation by 2050.

The Volvo Group, Daimler Truck and the TRATON GROUP kick off European charging infrastructure joint venture

GÖTEBORG, Sweden , July 5, 2022 /PRNewswire/ --  Volvo Group Venture Capital AB  invests in Optibus Ltd , that develops and provides optimization software for public transportation planning and management. The investment highlights the companies' shared commitment to sustainable bus fleets and more efficient transportation operations.

Volvo Group Venture Capital invests in Optibus, a software company for efficient sustainable bus operations

Truck maker AB Volvo had begun laying off some of its Russian staff and to scale down operations, but has not made a decision to leave the country entirely, it said on Tuesday.

Sweden's AB Volvo begins to lay off some Russian employees

GÖTEBORG, Sweden , July 5, 2022 /PRNewswire/ -- The Volvo Group report for the second quarter 2022 will be published on Juli 19, 2022, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m.

Invitation to the Volvo Group report on the second quarter 2022

PACCAR

Stellantis N.V. 

Supply frictions, including new disruptions from the war in Ukraine, have turned the European truck market upside down. Lead times are exceptionally long, and truck registrations are expected to slide again in 2022.

It's All About Capacity In The Truck Market

Volvo Car Group will invest 1.2 billion euros ($1.25 billion) to build a new manufacturing plant in Slovakia, the Sweden-based automaker said on Friday.

Volvo Cars to build electric-only plant in Slovakia

Swedish truckmaker Volvo and Paccar's DAF Trucks can be sued for compensation by a Spanish claimant over a truckmakers' cartel, Europe's top court said on Wednesday, in a ruling that could spur more claims against the cartel members.

Volvo, DAF Trucks can be sued in Spanish cartel case, EU court says

GÖTEBORG, Sweden , June 22, 2022 /PRNewswire/ -- At the Volvo Group's Capital Markets Day today June 22, 2022, President and CEO Martin Lundstedt and Group Management outlined the major business opportunities in the ongoing technology shift that is expected to accelerate the Group's sales growth. Over the last decade, the Volvo Group has established an industry-leading profitability and is now taking the next step on its strategic journey.

Volvo Group accelerates to grow in the ongoing industry transformation

GÖTEBORG, Sweden , June 20, 2022 /PRNewswire/ -- Imagine a truck that only emits water vapor, produces its own electricity onboard and has a range of up to 1 000 km. It's possible with fuel cells powered by hydrogen, and Volvo Trucks has started to test vehicles using this new technology.

Volvo Trucks showcases new zero-emissions truck

Ferrari

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Hydrogen has a diverse range of applications and can be deployed in a range of industries.

Volvo says it has started testing trucks with fuel cells powered by hydrogen

GÖTEBORG, Sweden , June 17, 2022 /PRNewswire/ -- Volvo Energy invests in the UK-based, second-life battery energy storage specialist Connected Energy in order to further accelerate Volvo Group's battery business and sustainability opportunities.  In its mission to support and secure an attractive and sustainable circular business model for batteries, Volvo Energy is investing approx.

Volvo Energy invests in Connected Energy for second life battery business

Volvo car sales fell 28.3% in May as China lockdowns hit already-strained supply chains

GÖTEBORG, Sweden , June 1, 2022 /PRNewswire/ -- In the latest step on its path toward carbon neutrality, Volvo Construction Equipment (Volvo CE) becomes the first manufacturer to deliver a construction machine built using fossil-free steel to a customer. This demonstrates the fast-tracking of innovation to real-world solutions as companies across the value chain come together to drive change.

Volvo CE first in the world to deliver construction machine built using fossil-free steel to customer

GÖTEBORG, Sweden , May 24, 2022 /PRNewswire/ -- As the world's first truck manufacturer to do so, Volvo is now introducing fossil-free steel in its trucks. The steel is produced by the Swedish steel company SSAB and the heavy-duty electric Volvo trucks will be the first to include it.

Volvo Trucks: First in the world to use fossil-free steel in its trucks

GÖTEBORG, Sweden , May 19, 2022 /PRNewswire/ -- Volvo Group will hold its Capital Markets Day on June 22, 2022. At the event, executive management will outline the key building blocks in the Volvo Group's transformation towards 2030.

Volvo Group Capital Markets Day 2022

GÖTEBORG, Sweden , May 17, 2022 /PRNewswire/ -- Volvo Trucks is opening its very first battery assembly plant. Located in Ghent, Belgium, the plant will supply ready-to-install batteries for Volvo Trucks' full electric heavy-duty trucks.

Volvo Trucks opens battery plant in Belgium

GÖTEBORG, Sweden , May 13, 2022 /PRNewswire/ -- The Assar Gabrielsson Foundation has nominated Angela Molinaro as the winner in the basic science research category and Emilia Alfonzo Rodriguez as the winner in the clinical research category. The scholarship recipients, who both do research at the University of Gothenburg, are rewarded with SEK 100,000 each, which is paid to the Sahlgrenska Academy at the University of Gothenburg as extra research grants.

The Foundation Assar Gabrielssons fund scholarship recipients 2022 appointed: AB Volvo

Deutsche Post AG

GÖTEBORG, Sweden , May 12, 2022 /PRNewswire/ -- Volvo Trucks and Deutsche Post DHL Group have signed a cooperation agreement to accelerate the shift to zero exhaust emission vehicles. DHL intends to intensify its transition to heavy electric trucks by deploying a total of 44 new electric Volvo trucks on routes in Europe.

News for Volvo AB Stock (VLVLY)