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.

GOTHENBURG, Sweden , July 2, 2024 /PRNewswire/ -- Volvo Group has today completed the divestment of Arquus to John Cockerill Defense according to the previously announced option agreement. Arquus manufactures and sells specially designed vehicles to defense forces and employs about 1,200 employees in France.

Volvo Group completes divestment of Arquus

Greensboro, N.C., July 01, 2024 (GLOBE NEWSWIRE) -- Volvo Trucks North America customer Hight Logistics, a privately-owned port drayage services business, is expanding its all-electric fleet with the delivery of five zero-tailpipe emission Volvo VNR Electric trucks. At the recent Advanced Clean Transportation (ACT) Expo in Las Vegas, Hight Logistics signed a sales order for an additional nine Volvo VNR Electric trucks in 2024 and ten more for Q1 2025. Hight Logistics prioritizes environmental sustainability and has created the new Hight Electric division, focused exclusively on acquiring battery-electric vehicles and developing charging infrastructure.

Volvo Trucks North America Customer Hight Logistics Expands All-Electric, Zero-Emission Fleet

Montreal, Quebec, June 27, 2024 (GLOBE NEWSWIRE) -- Volvo Trucks North America customer Martin Brower, a leading supply chain solutions provider for global restaurant chains, is taking delivery of ten additional Volvo VNR Electric vehicles that will support food and beverage deliveries to select McDonald's restaurants in the greater Montreal and greater Toronto areas. As a key distributor for McDonald's global operations, Martin Brower has partnered with the restaurant leader to help reduce its carbon footprint in Canada with the expansion of alternative-fuel vehicles in Martin Brower's supply chain fleet in two of its distribution centres. The battery-electric vehicles used for deliveries to select McDonald's restaurants in the greater Montreal and greater Toronto areas will expand on the trial of the first zero-tailpipe emission tractor that was deployed in 2022 to Martin Brower's Baie d'Urfé distribution centre to support deliveries to McDonald's restaurants in the Montreal area.

Volvo Trucks Customer Martin Brower Expands VNR Electric Fleet to Help Advance McDonald's Global Net Zero GHG Emissions Goals in Canada

Volvo will postpone the U.S. deliveries of its EX30 electric car as it shifts production of the compact SUV out of China in the wake of tariff hikes, Bloomberg News reported on Wednesday.

Volvo to delay EX30's US shipments due to higher tariffs on Chinese imports, Bloomberg News reports

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Investors interested in Automotive - Original Equipment stocks are likely familiar with AB Volvo (VLVLY) and Modine (MOD). But which of these two stocks is more attractive to value investors?

VLVLY vs. MOD: Which Stock Is the Better Value Option?

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Some of Europe's biggest carmakers fell further on Thursday on concerns over how China will respond to new tariffs the European Commission slapped on imported Chinese electric cars in a bid to combat what they say is excessive subsidies from Beijing.

European auto stocks fall further on concerns over China's tariff response

Volvo Cars' sales rose 13% in May from a year earlier to 68,034 cars, driven mainly by a 31% jump in Europe and helped by strong performance for its fully electric model EX30, the group said on Wednesday.

Volvo Cars' May sales rise 13%

Volvo Cars is launching the world's first EV battery passport recording the origins of raw materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is about to start production, the Swedish automaker told Reuters.

Volvo to issue world's first EV battery passport ahead of EU rules

GOTHENBURG, Sweden, June 4, 2024 /PRNewswire/ -- The Volvo Group will hold a Capital Markets Day at Volvo Trucks' operations in Dublin, Virginia, USA on November 14, 2024.  During the day, executive management will outline the Group's strategic direction, which is built on the pillars Perform and Transform.

Volvo Group Capital Markets Day 2024

GOTHENBURG, Sweden , May 29, 2024 /PRNewswire/ -- At Volvo Days 2024, Volvo Construction Equipment (Volvo CE) demonstrates its ambition to lead in sustainability and productivity by presenting pioneering launches and a fresh solutions-based approach - enabling sustainable change for customers in both regulated and less regulated markets. Volvo CE is:         Launching a modernized range of excavators, equipped with advanced technology for outstanding performance       Extending Volvo CE's wide range of electric machines, including its first electric wheeled excavator, displayed alongside its broadest range of charging solutions yet    Introducing new smart applications in a solution-based approach for reduced complexity and increased business potential Taking place in Eskilstuna, Sweden, Volvo Days is the first major showcase since the company announced the site as its new corporate headquarters in August last year.

Volvo CE unveils ambitious new product line up at Volvo Days 2024

Volvo (VLVLY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Volvo (VLVLY) Upgraded to Strong Buy: Here's What You Should Know

Greensboro, N.C., May 20, 2024 (GLOBE NEWSWIRE) -- Volvo Trucks North America (VTNA) and Volvo Financial Services (VFS) have joined forces to form Volvo on Demand, a collaborative initiative to change and lead the industry in the Truck-as-a-Service (TaaS) business model. Using 25 Class 8 Volvo VNR Electric trucks, Volvo on Demand was designed as an innovative solution to simplify the acquisition and reduce the major upfront investment in battery-electric vehicles. Volvo on Demand provides qualified customers with flexible term options as short as 12 months and includes Volvo Trucks' industry leading Gold Contract and the option to bundle vehicle insurance for physical damage and collision, route planning and optimization guidance, as well as consultation to find the best charging solution and incentives that might be available. Volvo on Demand is the next way to leverage the established electromobility ecosystem tailored for Volvo VNR Electric trucks in North America.

Volvo Trucks North America and Volvo Financial Services Launch Volvo on Demand to Accelerate Battery-Electric Vehicle Adoption

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A new self-driving truck — manufactured by Volvo and loaded with autonomous vehicle tech developed by Aurora Innovation — could be on public highways as early as this summer.

Aurora and Volvo unveil self-driving truck designed for a driverless future

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Daimler Truck and Volvo Group announced on Friday that they will form a joint venture to develop a software-defined heavy-duty vehicle platform. The venture aims to leverage the strengths of both companies to create standardized hardware and software, enhancing digital features and customer experiences.

Daimler Truck and Volvo Group to form JV for heavy-duty vehicle platform

German truck maker Daimler Truck and Sweden's Volvo intend to form a joint venture to develop a software-defined vehicle platform and dedicated truck operating system, the two companies said on Friday.

Daimler Truck and Volvo intend to form software joint venture

Volvo Group and Daimler Truck share the ambition to lead transformation to software-defined heavy-duty commercial vehicles to enhance customer efficiency and experience. Both companies intend to create a joint venture to become the leading developer of a software-defined heavy-duty vehicle platform, including software and hardware, providing the basis for differentiating digital vehicle features.

Volvo Group and Daimler Truck intend to form a joint venture for a software-defined vehicle platform to amplify digital transformation

Investors interested in Automotive - Original Equipment stocks are likely familiar with AB Volvo (VLVLY) and Modine (MOD). But which of these two stocks offers value investors a better bang for their buck right now?

VLVLY vs. MOD: Which Stock Should Value Investors Buy Now?

Long Beach, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Volvo Trucks North America customer 4 Gen Logistics, a family-owned drayage company in Southern California, has deployed 41 Volvo VNR Electric trucks to haul freight throughout the Inland Empire and between the Port of Long Beach and distribution warehouses in the region. The company decided to scale its zero-emission fleet after gaining experience with battery-electric trucks by utilizing a Volvo VNR Electric truck that was deployed as part of the  Volvo LIGHTS project in 2022. Volvo Financial Services provided funding support for 4 Gen Logistics' scaled Volvo VNR Electric fleet.

4 Gen Logistics Advances Sustainable Goods Movement with 41 Volvo VNR Electric Trucks

Volvo Cars' sales rose 27% in April from a year earlier to 65,838 cars, the Sweden-based group said in a statement on Monday.

Volvo Cars April sales rise 27% year-on-year

GOTHENBURG, Sweden , April 30, 2024 /PRNewswire/ -- The number of votes in AB Volvo has changed due to the conversion of a total of 100 Series A shares to a total of 100 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at the 2011 Annual General Meeting.

New number of votes in AB Volvo

Greensboro, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- Volvo Trucks North America has announced a significant advancement in its sustainability efforts by fueling newly assembled trucks with Hydrotreated Vegetable Oil (HVO), a renewable fuel, as they depart from the Volvo Trucks New River Valley Assembly Operations (NRV) in Dublin, Virginia. All Volvo trucks for the North American market are produced at the NRV plant, including the all-new Volvo VNL that will begin production later this summer. This initiative is part of Volvo Trucks' broader strategy to decarbonize the industry through a three-pillar approach: enhancing internal combustion engine (ICE) efficiency and drop-in renewable fuels to make the largest immediate emissions reductions while continuing to scale the Class 8 Volvo VNR Electric and developing hydrogen fuel cell trucks.

Volvo Trucks North America Continues ‘Toward Zero' by Fueling All New Trucks with HVO at the New River Valley Plant

A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about $8,000 less.

Insight: How Volvo landed a cheap Chinese EV on U.S. shores in a trade war

Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.

News for Volvo AB Stock (VLVLY)