Volvo Lays Off Another 350 Employees at New River Valley
VLVLY stock continues to outdo the industry and its peer group while laying off employees in 2025.
Volvo to boost Mexico plant investment to $1 billion, minister says
Sweden's AB Volvo will increase its investment in its new North American heavy-duty truck factory in Nuevo Leon, Mexico, from a previously announced $700 million to $1 billion, Mexico's Economy Minister Marcelo Ebrard said on Thursday.
Should Value Investors Buy Volvo (VLVLY) Stock?
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Volvo Cars sales fall 10% in March, fully electric down 26%
Volvo Cars sold 70,737 cars in March, down 10% from a year earlier, the Sweden-based company said on Wednesday, sending its shares down 3%.
Volvo goes back to car industry basics with surprise CEO switch
Volvo Car's abrupt decision to tap Hakan Samuelsson as its CEO puts the car industry veteran back in charge of steering the automaker through U.S. President Donald Trump's tariff turbulence and a wobbly transition to electric cars, analysts and investors said.
Volvo Cars picks Hakan Samuelsson as new CEO
Volvo Cars has appointed Hakan Samuelsson as its new chief executive, effective April 1, 2025, it said on Sunday.
Volvo Cars may move some production to the US over tariffs
Volvo Cars may move production of some of its models to the U.S. depending on tariffs, but aims to stick to a plan to export its European-made EX30 SUV model to the United States later this year, the company's CEO said on Wednesday.
Volvo Cars sales rise 1% in February
Volvo Cars sold 50,662 cars in February, up 1% from a year earlier, the Sweden-based company said on Tuesday.
EV buyers shouldn't get government incentives, says Volvo CEO
Volvo boss Jim Rowan told BI he doesn't think governments should give incentives to people buying EVs. His comments come as Trump vows to roll back electric vehicle subsidies in the US.
Volvo Cars will not pay Northvolt for battery joint venture stake, it says
Volvo Cars will not pay Northvolt any money for its 50% stake in their battery venture Novo Energy that it had agreed to acquire, according to the automaker's quarterly report on Thursday.
Volvo Cars weighs tariffs-led production move, warns of 'hyper-competitiveness' in China
Sweden's Volvo Cars on Thursday reported a 12% rise in operating income to 22.3 billion Swedish kronor ($2.04 billion) on an 8% sales increase and record revenue. However, it said 2025 would be a "challenging and transition year" toward its long-term growth ambitions, when it expected slower market growth and "increased discounts" across the industry.
Volvo Cars' operating profit falls in Q4 as automaker braces for turbulent 2025
Sweden-based Volvo Cars reported a fall in fourth-quarter operating profit on Thursday and said it anticipated a turbulent 2025 with challenging market conditions.
