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Volvo Group Q2 Adjusted Operating Income At SEK 3.27 Bln
Renault Trucks could cut 463 jobs in France
Volvo Group To Cut Some 4,100 Positions During H2 2020
AB Volvo is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. Its segments include Trucks, Construction Equipment, Buses, Volvo Penta, Group functions & Other, and Financial Services. The Company's brand portfolio consists of Volvo, Volvo Penta, UD, Terex Trucks, Renault Trucks, Prevost, Nova Bus and Mack. In addition to vehicles and machines, its offering includes a range of services, such as insurance, rental services, spare parts, preventive maintenance, service agreements, assistance services and information technology (IT) services. Its product range is divided into Vehicles and Services. The sale of new vehicles, machinery and engines comprise Vehicles, as well as the sale of used vehicles and machines, trailers, superstructures and special vehicles. Its Services include the sale of spare parts.
Auto & Truck Manufacturers
Independent Chairman of the Board
President, Chief Executive Officer, Member of the Group Executive Board, Director
Deputy Chief Executive Officer, Member of the Group Executive Board
Executive Vice President Group Finance, Chief Financial Officer, Member of the Group Executive Board
Executive Vice President Group Trucks Technology, Group Chief Technology Officer, Member of the Group Executive Board
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Chinese carmaker Geely plans to use a platform developed with input from Volvo to build new models in Malaysia for its partly owned Proton brand, a strategy that shows how it aims to accelerate its push to become China's first global auto giant.
Volvo Cars said it expects its business to recover in the second half of the year after reporting on Tuesday an operating loss for the first six months as coronavirus lockdowns strained supply chains and forced plant closures.
Swedish truckmaker AB Volvo <VOLVb.ST> posted better-than-expected second quarter core profit as production shutdowns caused by the coronavirus were lifted, but it cautioned that the pandemic would weigh on demand for the foreseeable future.
Volvo Cars said on Wednesday it was recalling nearly 2.2 million cars built between 2006 and 2019 to address a potential issue with cables attached to their front seat belts in the automaker's biggest ever recall.
Truck- and construction equipment maker AB Volvo <VOLVb.ST> plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, it said in a statement on Tuesday, citing the effects of the COVID-19 pandemic.
Truck- and construction equipment maker AB Volvo plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, it said in a statement on Tuesday, citing the effects of the COVID-19 pandemic.
Swedish truck maker Volvo <VOLVb.ST> will withdraw its proposed dividend for 2019, it said on Tuesday, joining a slew of firms opting not to make payments to shareholders because of the coronavirus crisis.
Sweden's AB Volvo <VOLVb.ST> on Thursday warned of stalling truck orders and a challenging adjustment to a "new normal" of feebler demand after reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales.
Swedish truck maker AB Volvo reported a smaller-than-expected fall in first-quarter operating earnings on Thursday but warned its net order intake of trucks had been negative since the end of March as customers cancelled planned purchases due to the pandemic.
Daimler and Volvo Trucks have agreed to join forces to develop, produce and sell fuel cell systems for heavy-duty vehicles, in a sign that the coronavirus crisis is accelerating consolidation.
Swedish truck maker Volvo <VOLVb.ST> said on Tuesday it had signed a deal with German rival Daimler <DAIGn.DE> to set up a joint venture to develop and produce fuel cell systems for heavy-duty vehicles.
Daimler on Tuesday signed a preliminary non-binding agreement with Volvo to develop, produce and commercialize fuel cell systems for heavy-duty vehicles.
Volvo Cars will reopen its Torslanda factory and offices in Sweden next week after overhauling its production processes to help prevent coronavirus infections, following a three week shutdown caused by the pandemic, the carmaker said on Friday.
Geely-owned Volvo Cars and auto tech supplier Veoneer <VNEsdb.ST> <VNE.N> will split their jointly owned software venture Zenuity as the Swedish carmaker focuses on developing autonomous driving software, the companies said on Thursday.
Truckmaker AB Volvo <VOLVb.ST> said on Wednesday it had decided to postpone its annual shareholders meeting due to the prevailing uncertainty around the effects from the global coronavirus outbreak.
Truckmaker AB Volvo <VOLVb.ST> said on Friday it would put all its 20,000 staff in Sweden on a short-term, temporary lay off-scheme starting next week as it plans to close all production in the country due to the coronavirus outbreak.
Swedish carmaker Volvo is suspending production at its factories in Sweden, the United States and Belgium, to curb the spread of the coronavirus, it said on Friday, even as it resumes manufacturing in China where the infection rate has slowed.
Swedish truckmaker AB Volvo <VOLVb.ST> has decided to temporarily halt production at its plants in Tuve, Gothenburg and Ghent, Belgium due to the impact of the coronavirus outbreak, a spokesman said on Tuesday.
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