Welcome to our dedicated page for Volvo Ab news (Ticker: VLVLY), a resource for investors and traders seeking the latest updates and insights on Volvo Ab stock.
The VOLVO AB UNSP/ADR (VLVLY) news page on Stock Titan aggregates company-related updates drawn from AB Volvo (Volvo Group) announcements and disclosures. Volvo Group describes itself as driving prosperity through transport and infrastructure solutions, with offerings that include trucks, buses, construction equipment, power solutions for marine and industrial applications, and financing and services that support customer uptime and productivity. These activities generate a steady flow of news across financial, operational, technological and sustainability topics.
Investors and followers of VLVLY can expect news on Volvo Group’s financial reporting, such as quarterly reports and the publication of its annual report. In these releases, the company comments on net sales, the balance between vehicle and service sales, operating income, and market conditions in regions like Europe and North America. Governance and shareholder-related news, including Annual General Meeting decisions on dividends, Board elections and auditor appointments, also feature prominently.
Beyond financial and governance updates, Volvo Group news highlights industrial and strategic developments. Examples include EU Innovation Fund support for the CarbonSmart Factory project at the Skövde engine plant, which targets substantial CO₂ emission reductions in manufacturing, and acquisitions within Volvo Construction Equipment’s retail operations in key European markets. The Group also reports on autonomous transport initiatives through Volvo Autonomous Solutions and safety-related achievements such as the Euro NCAP rating for Renault Trucks T, part of Volvo Group.
By following the VLVLY news feed, users can monitor how Volvo Group communicates about its heavy-duty truck manufacturing activities, broader transport and infrastructure solutions, sustainability projects, autonomous transport efforts and governance decisions. This page offers a centralized view of company-issued information relevant to investors, analysts and observers of the Volvo Group.
AB Volvo's Election Committee proposes Bo Annvik as a new Board member at the Annual General Meeting scheduled for April 4, 2023. The committee also recommends the re-election of Chairman Carl-Henric Svanberg and existing board members, while Hanne de Mora will not seek re-election. Annvik, with extensive experience in the manufacturing and automotive sectors, has been President and CEO of Indutrade since 2017 and serves on the board of SSAB. The Election Committee represents major shareholders holding about 16.5% of shares and 39.8% of votes.
Volvo Trucks reports significant growth in electric truck sales, having sold over 4,300 electric trucks across more than 38 countries. In Europe, the company leads with a 32% market share, while nearly 50% of all heavy electric trucks registered in North America in 2022 were Volvo vehicles. The market for heavy electric trucks grew by 200% in Europe, reaching 1,041 trucks. Volvo aims for 50% of new truck sales to be electric by 2030. The company currently provides the industry's broadest electric truck portfolio, emphasizing its commitment to supporting customers in the transition to electric transport.
Volvo Construction Equipment (Volvo CE) announced the launch of the L120H Electric Conversion, targeted for selected customers in Europe during 2023. This initiative aims to enhance electromobility offerings, responding to the demand for sustainable solutions in mid-sized construction equipment. Developed in collaboration with Parker Hannifin and CE Engineering Solutions, the electric loader operates with 240 kWh batteries, offering five hours of runtime and charging in 1.5-2 hours. Volvo CE strives for net-zero greenhouse gas emissions by 2040, reinforcing its commitment to carbon-neutral solutions in the construction industry.
On February 17, 2023, Volvo Construction Equipment (Volvo CE) announced an investment of SEK 80 million (approximately $7.8 million) in battery pack production at its Changwon plant in South Korea. This facility is the largest excavator production site for Volvo CE, responsible for about 55% of its total excavator volumes. The investment aims to enhance manufacturing capabilities for electric excavators, supporting Volvo's goal of having 35% of machine sales be electric by 2030. Construction will start in April 2023, with production expected to begin in June 2024, furthering the company's commitment to electrification and sustainability.
On January 26, 2023, the Volvo Group reported robust growth in 2022, with net sales increasing by over
The Volvo Group will publish its Q4 2022 report on January 26, 2023 at 7.20 a.m. CEST. A press conference is scheduled for the same day at 9.00 a.m. CEST in Stockholm, featuring CEO Martin Lundstedt and CFO Tina Hultkvist. The event will be webcasted, allowing wider access for participants. Founded in 1927 and headquartered in Gothenburg, Sweden, the Volvo Group reported SEK 372 billion in net sales for 2021 and employs approximately 95,000 people.
Coca-Cola Europacific Partners (CCEP) is launching 30 electric trucks for local deliveries in Belgium, starting with five in Antwerp. This initiative, in partnership with Renault Trucks, aims to electrify 20% of CCEP's truck fleet, significantly reducing CO2 emissions. The trucks are expected to cut emissions by 75% compared to diesel vehicles and contribute to a 30% reduction in overall CO2 by 2030, with a goal of carbon neutrality by 2040. The project represents a €7 million investment and marks CCEP's commitment to sustainable operations.
The Volvo Group has signed a Letter of Intent with Pilot Company to develop public charging infrastructure for medium- and heavy-duty electric vehicles in North America. This strategic partnership aims to combine Volvo's expertise in electric trucks with Pilot's extensive travel center network, enhancing the availability of high-performance charging stations.
The initiative seeks to alleviate range anxiety for electric truck customers and supports their decarbonization efforts, positioning both companies at the forefront of sustainable transport solutions.
In Q3 2022, the Volvo Group reported net sales growth of 35% to SEK 114.9 billion, boosted by vehicle and service sales. Adjusted operating income rose to SEK 11.9 billion, with an operating margin of 10.3%. A reduction in working capital led to strong operating cash flow of SEK 14.6 billion. The return on capital employed improved to 27.4% and the earnings per share reached SEK 4.24. Production of heavy-duty electric trucks commenced, enhancing the company's position in sustainable transport.
Volvo Trucks will deliver 20 fully electric FH Electric trucks to Amazon in Germany by year-end 2022. These trucks aim to replace diesel vehicles, reducing carbon emissions in road transport, which contributes significantly to Germany's transport emissions. Volvo's electric truck series production began in September 2022, targeting a goal where 50% of new trucks sold will be battery or fuel cell electric by 2030. With a battery capacity of 540 kWh and a range of up to 500 km, these trucks support Amazon's commitment to decarbonization in its transportation logistics.
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