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VOLVO AB UNSP/ADR - $VLVLY STOCK NEWS

Welcome to our dedicated page for VOLVO AB UNSP/ADR news (Ticker: $VLVLY), a resource for investors and traders seeking the latest updates and insights on VOLVO AB UNSP/ADR stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VOLVO AB UNSP/ADR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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News
Rhea-AI Summary

The number of votes in AB Volvo has changed due to the conversion of 100 Series A shares to 100 Series B shares. As of April 30, 2024, there are 2,033,452,084 registered shares in AB Volvo, with 444,984,560 Series A shares and 1,588,467,524 Series B shares. The company's total number of votes is 603,831,312.4.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
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none
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News
Rhea-AI Summary
Volvo Group reported stable net sales in Q1 2024 at SEK 131.2 billion, with adjusted operating income of SEK 18.2 billion and a margin of 13.8%. Return on capital employed improved to 37.7%. The company continues to prioritize quality in its business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
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-
Rhea-AI Summary
Volvo Group is expanding its North American heavy truck production capacity by building a new manufacturing plant in Mexico. The plant will support growth plans for Volvo Trucks and Mack Trucks in the U.S., Canada, Mexico, and Latin America, with an expected operational date in 2026. The investment in the new plant, along with ongoing expansions in existing facilities, aims to enhance production capabilities and logistical efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.39%
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none
News
Rhea-AI Summary
AB Volvo announces a change in the number of votes due to the conversion of Series A shares to Series B shares, resulting in a total of 2,033,452,084 registered shares with 603,831,402.4 votes. The company emphasizes its commitment to sustainable transport solutions and reports net sales of SEK 553 billion in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.31%
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none
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News
Rhea-AI Summary
Volvo Group's Annual Report for 2023 highlights a year of growth, profitability, and cash flow despite challenges like supply chain disruptions and cost inflation. Net sales increased by 11% to SEK 552.8 billion, with operating income improving to SEK 77.6 billion. Sales in vehicles, machines, and services reached all-time highs, with a strong operating margin of 14.0%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
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none
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Rhea-AI Summary
Volvo Group Venture Capital AB invests in Zacua Ventures Builders Fund I, L.P., a global venture capital fund focusing on early-stage technology for the construction industry. Zacua Ventures targets startups working on decarbonization through productivity, sustainability, and urbanization. The partnership aims to connect with innovative solutions for a more efficient and sustainable construction sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
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none
News
Rhea-AI Summary
AB Volvo announces its Annual General Meeting to be held on March 27, 2024, in Gothenburg, Sweden. Shareholders can participate in person or through advance voting. The meeting agenda includes key topics like election of board members, approval of financial reports, and dividend payments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.8%
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none
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Rhea-AI Summary
AB Volvo's Election Committee proposes Pär Boman as the new Chairman of the Board and re-election of several Board members at the upcoming Annual General Meeting. The company's focus on sustainable transport and infrastructure solutions is highlighted.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.64%
Tags
management
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Rhea-AI Summary
The Volvo Group has completed the acquisition of the battery business from Proterra Inc. and Proterra Operating Company Inc. for USD 210M, including a development center in California and an assembly factory in South Carolina. The transaction has no material impact on the Volvo Group's financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.13%
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Rhea-AI Summary
Volvo Trucks unveils new energy-efficient heavy-duty truck platforms for global markets, aiming to reduce CO2 emissions and achieve net-zero emission product range by 2040. The new models promise up to 10% fuel consumption reduction in North America and up to 5% CO2 emission reduction in Europe, Australia, Asia, and Africa. The company also expands its electric truck offerings and commits to decarbonization through various powertrain solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.99%
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none
VOLVO AB UNSP/ADR

OTC:VLVLY

VLVLY Rankings

VLVLY Stock Data

53.97B
1.86B
0.03%
Heavy Duty Truck Manufacturing
Manufacturing
Link
United States of America
Goteborg