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Volvo AB

VOLVa.ST

Latest Trade

150.30SEK

Change

-1.40(-0.92%)

Volume

99,648

Today's Range

149.20

 - 

151.40

52 Week Range

113.30

 - 

154.90

As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

IBM -Volvo Cars Joins Responsible Sourcing Blockchain Network, Launched By IBM, Ford, And Volkswagen Group

Nov 6 (Reuters) - International Business Machines Corp <IBM.N>::VOLVO CARS JOINS RESPONSIBLE SOURCING BLOCKCHAIN NETWORK, LAUNCHED BY IBM, FORD, AND VOLKSWAGEN GROUP; ADVANCING ETHICAL SOURCING OF MINERALS CONTINUES TO SCALE WITH THIS NETWORK.IBM - VOLVO CARS TO APPLY RSBN IN LG CHEM SUPPLY CHAIN STARTING IN SPRING 2020.IBM - RESPONSIBLE SOURCING BLOCKCHAIN NETWORK MOVES TOWARDS OPERATIONALIZATION.IBM - RSBN DIGITAL SUPPLY CHAIN FOR COBALT IS PROGRESSING TOWARD USE IN LIVE PRODUCTION COMPUTING ENVIRONMENTS STARTING IN SPRING 2020.IBM - VOLVO PLANS TO APPLY RSBN TO OTHER KEY MINERALS FOUND IN ITS BATTERIES, INCLUDING NICKEL AND LITHIUM IN FUTURE.

Volvo Trucks Launches Sales Of Electric Trucks For Urban Transport

Nov 6 (Reuters) - Volvo AB <VOLVb.ST>::VOLVO TRUCKS LAUNCHES SALES OF ELECTRIC TRUCKS FOR URBAN TRANSPORT.VOLVO TRUCKS ANNOUNCES START OF SALES OF ITS VOLVO FL AND VOLVO FE ELECTRIC TRUCKS IN SELECTED MARKETS WITHIN EUROPE, MEETING INCREASING DEMAND FOR SUSTAINABLE TRANSPORT SOLUTIONS IN CITY ENVIRONMENTS.START OF SERIAL PRODUCTION IS PLANNED FOR MARCH 2020.SALES WILL START IN SWEDEN, NORWAY, GERMANY, SWITZERLAND, FRANCE AND NETHERLANDS.

Volvo Gets Order To Deliver 157 Electric Articulated Buses

Nov 5 (Reuters) - Volvo AB <VOLVb.ST>::VOLVO RECEIVES EUROPE'S LARGEST ORDER FOR ELECTRIC BUSES.WILL DELIVER 157 ELECTRIC ARTICULATED BUSES TO TRANSDEV STARTING IN 2020..IN ADDITION TO ELECTRIC BUSES, ORDER INCLUDES 27 EURO VI BUSES FOR REGIONAL OPERATIONS, RUNNING ON BIODIESEL.BUSES WILL OPERATE ON A NUMBER OF ROUTES IN GOTHENBURG.

Upstream Security Closes Series B Investment From Renault, Volvo Group, Hyundai, Natiowide

Oct 21 (Reuters) - Renault SA <RENA.PA>::UPSTREAM SECURITY CLOSES $30 MILLION SERIES B INVESTMENT FROM RENAULT, VOLVO GROUP, HYUNDAI, NATIONWIDE.UPSTREAM SECURITY - SYNDICATE OF INVESTORS INVESTED $30 MILLION IN A SERIES B FUNDING ROUND, BRINGING COMPANY'S TOTAL INVESTMENT TO DATE TO $41 MILLION.UPSTREAM SECURITY -ROUND LED BY RENAULT VENTURE CAPITAL & INCLUDED VOLVO GROUP VENTURE CAPITAL, HYUNDAI, HYUNDAI AUTOEVER, NATIONWIDE VENTURES, OTHERS.

Volvo Group Creates New Business Area For Autonomous Transport Solutions

Oct 18 (Reuters) - Volvo AB <VOLVb.ST>::THE VOLVO GROUP CREATES NEW BUSINESS AREA FOR AUTONOMOUS TRANSPORT SOLUTIONS.VOLVO AUTONOMOUS SOLUTIONS, WILL ACCELERATE DEVELOPMENT, COMMERCIALIZATION AND SALES OF AUTONOMOUS TRANSPORT SOLUTIONS.VOLVO AUTONOMOUS SOLUTIONS WILL CONSTITUTE A NEW BUSINESS AREA AS OF JANUARY 1, 2020.

Ferronordic To Expand To Germany As Dealer For Volvo Trucks And Renault Trucks

Sept 12 (Reuters) - Ferronordic Machines Ab <FNMA.ST>::FERRONORDIC INTENDS TO EXPAND TO GERMANY AS DEALER FOR VOLVO TRUCKS AND RENAULT TRUCKS.WOULD ACQUIRE OPERATIONS AT NINE OF VOLVO'S SITES IN GERMANY.PURCHASE PRICE IS EXPECTED TO BE APPROX. SEK 250M*, FINANCED WITH A LOAN FROM NORDEA BANK.AMBITION IS THAT TRANSACTION WOULD BE COMPLETED BY END OF 2019 AND THAT FERRONORDIC WOULD TAKE OVER OPERATIONS AS OF JANUARY 2020.DEAL IS EXPECTED TO RESULT IN AN INCREASE OF GROUP'S NET DEBT OF APPROX. SEK 300M*.IN 2020, REVENUE CONTRIBUTION FROM NEW BUSINESS IS EXPECTED TO BE APPROX. SEK 1,3BN*.DURING INTEGRATION PHASE, NEW BUSINESS IS EXPECTED TO HAVE NEGATIVE IMPACT ON GROUP'S EARNINGS AND CASH FLOWS.FERRONORDIC - IN 2020, NEW BUSINESS IS EXPECTED TO HAVE A NEGATIVE IMPACT ON GROUP'S OPERATING PROFIT AND NET INCOME OF APPROX. SEK -40M* AND SEK -50M*, RESPECTIVELY.NEGATIVE IMPACT ON OPERATING CASH FLOWS IN 2020 IS EXPECTED TO BE APPROX. SEK -40M.TRANSACTION IS NOT EXPECTED TO HAVE SIGNIFICANT IMPACT ON FERRONORDIC'S EXISTING BUSINESS IN RUSSIA AND KAZAKHSTAN.EARNINGS AND OPERATIONAL CASH FLOWS OF NEW BUSINESS ARE EXPECTED TO TURN POSITIVE TOWARDS END OF 2021.REVISED FINANCIAL TARGETS: OPERATING MARGIN OF 6-8% (CURRENTLY 7-9%).DIVIDEND POLICY WOULD REMAIN UNCHANGED.

Volvo CEO says no plans to launch new large-scale cost saving programme

July 18 (Reuters) - Volvo AB <VOLVb.ST> CEO ON ANALYST CALL::VOLVO AB CEO SAYS NO PLANS TO LAUNCH ANY NEW BIG-SCALE COST SAVING PROGRAMMES - ANALYST CALL.

Volvo Group Venture Capital Invests In Mobility Start-Up Companies

July 3 (Reuters) - Volvo AB <VOLVb.ST>::VOLVO GROUP VENTURE CAPITAL HAVE INVESTED IN NEXT GEAR VENTURES – A LEADING ISRAELI VENTURE CAPITAL FUND SOURCING START-UPS FOR INTERACTION WITH LEADING GLOBAL TRANSPORT INDUSTRY ACOMPANIES.TRANSACTION HAS NO SIGNIFICANT IMPACT ON THE VOLVO GROUP’S EARNINGS OR FINANCIAL POSITION.

Swedish truckmaker Volvo says no ambition to develop battery cells on its own

June 18 (Reuters) - Volvo AB <VOLVb.ST>::VOLVO AB SAYS NO AMBITION TO DEVELOP BATTERY CELLS ON ITS OWN - CAPITAL MARKETS DAY.VOLVO AB SAYS TO START BEING PAID FOR AUTONOMOUS MINING TRUCK ON PER TRANSPORT BASIS STARTING WINTER, MAKING IT ITS FIRST COMMERCIAL AUTONOMOUS SOLUTION IN REAL OPERATION.

Volvo Group And NVIDIA To Develop AI Platform For Autonomous Trucks

June 18 (Reuters) - Volvo AB <VOLVb.ST>::VOLVO GROUP PARTNERS WITH NVIDIA TO DEVELOP ADVANCED AI PLATFORM FOR AUTONOMOUS TRUCKS.HAS SIGNED AN AGREEMENT WITH NVIDIA TO JOINTLY DEVELOP DECISION MAKING SYSTEM OF AUTONOMOUS COMMERCIAL VEHICLES AND MACHINES.PARTNERSHIP WITH NVIDIA WILL FOCUS ON DEVELOPMENT OF A FLEXIBLE, SCALABLE AUTONOMOUS DRIVING SYSTEM.STRATEGIC PARTNERSHIP COVERS END-TO-END COMPUTING FUNDAMENTAL TO AUTONOMOUS VEHICLES.WORK WILL BEGIN IMMEDIATELY WITH PERSONNEL FROM TWO COMPANIES BEING CO-LOCATED IN GOTHENBURG, SWEDEN AND SANTA CLARA, CALIFORNIA.STRATEGIC PARTNERSHIP COVERS END-TO-END COMPUTING FUNDAMENTAL TO AUTONOMOUS VEHICLES.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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