Volvo AB

Earnings data Q1 2021

Earnings data Q2 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 Trucks North America (VTNA) will begin building Class 8 VNR Electric models at its New River Valley plant in Dublin, Virginia, in early December, the Volvo Group subsidiary said Thursday. An undisclosed number of 25 VNR day cabs planned for regional haul and drayage demonstration fleets are being tested in Southern California.

Volvo to begin production of Class 8 electric trucks in December

GÖTEBORG, Sweden, Nov. 5, 2020 /PRNewswire/ -- At the Volvo Group's Capital Markets Day today, President and CEO Martin Lundstedt and members of the Executive Board laid out the strategy to drive the transformation of the transport and infrastructure industries. The Volvo Group strives...

Volvo Group Capital Markets Day focused on the Group's strong position in electrification

Swedish heavy vehicle manufacturer Volvo Group (OTC: VLVLY) could be one of the early birds to launch heavy-duty trucks entirely powered by batteries, Financial Times reports. With a range of 300kms, Volvo electric trucks will be open for pre-sales in 2021 and production kicking off in 2022.

Volvo To Manufacture Fully Electric Heavy-Duty Truck in 2022: FT

GÖTEBORG, Sweden, Nov. 5, 2020 /PRNewswire/ -- Volvo Group launches a Green Finance Framework for the financing of investments and projects in the area of clean transportation. The framework is classified as Dark Green by the Center for International Climate and Environmental Research...

The Volvo Group launches green finance framework

GÖTEBORG, Sweden, Nov. 5, 2020 /PRNewswire/ -- The Volvo Group is taking the next step in adjusting and future-proofing the company in line with the ambitions of the Paris Climate Agreement. The ambition is that Volvo Group will be a net-zero emissions company by 2050, at the very latest....

The Volvo Group commits to the Science Based Targets initiative

GOTHENBURG, Sweden, Nov. 5, 2020 /PRNewswire/ -- Next year, hauliers in Europe will be able to order all-electric versions of Volvo's heavy-duty trucks. This means that Volvo Trucks will offer a complete heavy-duty range with electric drivelines starting in Europe in 2021. Volvo Trucks'...

Volvo Trucks launches a complete range of electric trucks starting in Europe in 2021

The Volvo Group and Daimler Truck AG will waste no time in developing hydrogen-powered fuel cells for long-haul trucking now that they have signed a binding agreement to form a joint venture in the rapidly expanding field of manufacturers pursuing the zero-emissions technology. Daimler and Volvo are two of the world's largest heavy-duty truck makers.

Daimler and Volvo seal fuel cell tie-up

GOTHENBURG, Sweden, Nov. 2, 2020 /PRNewswire/ -- The Volvo Group and Daimler Truck AG have now a signed binding agreement for a joint venture to develop, produce and commercialize fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications. The...

Joint venture for large-scale production of fuel-cells: Volvo Group and Daimler Truck AG sign binding agreement for new fuel-cell joint venture

GOTHENBURG, Sweden, Oct. 30, 2020 /PRNewswire/ -- At Volvo Cars, they are known as the company's in-house detectives. Yet they could also be called the Swedish car maker's own CSI team, with a little twist on the acronym of TV fame. The crash scene investigators of the Volvo Car Accident...

Half a century in the service of safety: Volvo Cars' Accident Research Team celebrates 50 years

GÖTEBORG, Sweden, Oct. 30, 2020 /PRNewswire/ -- The Volvo Group and Isuzu Motors today signed binding agreements to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing industry transformation, in accordance with the Memorandum of...

Volvo Group and Isuzu Motors sign final agreements to form strategic alliance

Volvo Trucks North America (VTNA) will deploy 70 Class 8 electric heavy-duty trucks in Southern California using $21.7 million in air-quality improvement grants. The money is from the U.S. Environmental Protection Agency's (EPA) and the South Coast Air Quality Management District (AQMD).

Volvo gets $21.7 million in grants for 70 electric Class 8 trucks

Positive feedback has prompted the company to produce the Precept concept car.

Your Digital Self: New Tesla rival Polestar loads up on digital technology and sustainable materials

GÖTEBORG, Sweden, Oct. 19, 2020 /PRNewswire/ -- Volvo Trucks North America was awarded $21.7 million in grants to deploy 70 VNR Electric trucks in Southern California for regional freight distribution and drayage. The U.S. Environmental Protection Agency's (EPA) Targeted Air Shed Grant...

Volvo Trucks Awarded $21.7M from U.S. EPA and South Coast AQMD to Deploy 70 Class 8 VNR Electric Zero-Emission Trucks

Sweden's Volvo Group (OTC: VLVLY) reported lower sales and income in the third quarter. But the gap compared to year-ago results narrowed with rebounding truck orders responding to strong freight demand.

Volvo Group sees modest Q3 recovery

AB Volvo (STO: VOLV-B) said on Friday that its core earnings in the fiscal third quarter came in stronger than forecasts. The company also revealed a significant increase in order intake in the recent quarter after months of halt due to the Coronavirus pandemic.

AB Volvo says order intake jumped 61% in the fiscal third quarter

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European markets have modest gains today to break a series of consecutive losses on a daily basis. Separately, the International Monetary Fund (IMF) warned about the stock market correction in the coming months.

European markets: LVMH, Daimler, Volvo, ThyssenKrupp price analysis roundup

GOTHENBURG, Sweden, Oct. 16, 2020 /PRNewswire/ -- "In Q3, utilization of trucks and machines gradually improved as COVID-19 restrictions were eased. Towards the end of the quarter transport activity was back on roughly the same level as a year ago in most markets. This led to an improved...

Volvo Group - the third quarter 2020

Truckmaker AB Volvo is ending all its short-time working schemes in Sweden effective immediately, Swedish public service television SVT reported on Friday.

Swedish truckmaker AB Volvo to end pandemic furlough schemes

Luxury fashion and auto brands in Thailand have turned to selling their products on Japanese chat app Line amid the coronavirus pandemic, tapping the country's growing appetite for social commerce, a top executive said on Thursday.

Louis Vuitton, Volvo tapping Thai social commerce via Line chat app

GÖTEBORG, Sweden, Oct. 6, 2020 /PRNewswire/ -- The Volvo Group report for the third quarter 2020 will be published on October 20, 2020, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST. An online presentation of the report, followed by a...

Invitation to the Volvo Group report on the third quarter 2020

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California Governor Gavin Newsom signed an executive order last week that will ban the sale of new gasoline and diesel-powered vehicles by 2035 and have them replaced with electric and alternatively fueled vehicles.

EVs Gain the Benefit of Climate Change Struggles

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The Beijing auto show kicked off this past weekend after a delay of five months due to the coronavirus pandemic, with a couple hundred fewer vehicles than past shows.

Luxury electric cars take the spotlight in China's condensed auto show

Swedish carmaker Volvo Cars expects to hit its forecast of roughly flat sales year-on-year in the second half of 2020 even as a recent a surge in cases across Europe makes the outlook more uncertain, Chief Executive Hakan Samuelsson told Reuters.

Volvo Cars CEO says demand holding up despite COVID spike

Polestar is a startup in an unusual situation. Polestar has the car.

Polestar built a better car than Tesla; now it needs to build a better brand

Mack Trucks will begin taking orders in the fourth quarter for its battery-powered LR Electric refuse hauler it is testing in New York City and with Republic Services.

News for Volvo AB Stock (VLVLY)