Waabi ties up with Volvo to roll out self-driving trucks
Self-driving technology company Waabi said on Tuesday it has partnered with truckmaker Volvo's driverless systems unit to develop and deploy big rigs that drive themselves.
Volvo Cars January sales down 5%
Volvo Cars' sales fell by 5% year-on-year in January to 50,820 cars, the Sweden-based automaker said on Tuesday, adding that the decrease was largely due to the timing of the Chinese New Year.
AB Volvo (publ) (VLVLY) Q4 2024 Earnings Call Transcript
AB Volvo (publ) (OTCPK:VLVLY) Q4 2024 Earnings Conference Call January 29, 2025 3:00 AM ET Company Participants Johan Bartler - Head of Investor Relations Martin Lundstedt - Chief Executive Officer Mats Backman - Chief Financial Officer Conference Call Participants Agnieszka Vilela - Nordea Mattias Holmberg - DNB Daniela Costa - Goldman Sachs Hampus Engellau - Handelsbanken Michael Aspinall - Jefferies Björn Enarson - Danske Bank Klas Bergelind - Citigroup Hemal Bhundia - UBS Jose Asumendi - JPMorgan Miguel Borrega - BNP Johan Bartler So good morning, and welcome to this fourth quarter press conference. Today, we will listen to the presentations by Martin and Mats and then follow up with a Q&A session.
Volvo Cars buys Northvolt's stake in EV battery venture NOVO
Volvo Cars has signed an agreement to buy struggling Swedish battery maker Northvolt's stake in their joint battery venture NOVO Energy, the Sweden-based automaker said on Wednesday, without disclosing the price.
Truckmaker Volvo's Q4 profit falls more than expected, raises dividend
Swedish truckmaker AB Volvo reported on Wednesday a larger drop than expected in fourth-quarter operating profit and raised its dividend payout.
Volvo CEO says plan for Mexico truck factory ongoing despite US tariff threat
Sweden's Volvo Group is proceeding with its planned $700-million heavy-truck factory in Monterrey, Mexico, CEO Martin Lundstedt told Reuters on Wednesday, even as President-elect Donald Trump threatens to impose U.S. tariffs on imports of vehicles and other goods.
Volvo Group sees delay in battery plant production from planned Swedish facility
Volvo Group expects high-volume production of a planned battery plant in Sweden to begin a couple of years later than the original target of 2029-2030, CEO Martin Lundstedt said at a Reuters NEXT Newsmaker event at CES in Las Vegas on Wednesday.
Livestreams: Reuters NEXT Newsmaker - Volvo Group CEO Martin Lundstedt
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Volvo Cars December sales down 3%
Volvo Cars' sales fell by 3% year-on-year in December to 73,804 cars as the sale of hybrid vehicles declined, the Sweden-based automaker said on Tuesday.
Volvo May Take A Hit In 2025, But Investors Can Still Come Out Ahead
Volvo A.B. faces stagnation in Europe and declining U.S. orders, but remains a valid investment despite a predicted downturn in 2025. The company's 6.6% dividend yield may be unsustainable, with free cash flows insufficient to cover the special portion of dividends, necessitating potential financing or dividend reduction. Despite the increase in leverage, Volvo has a healthy capital structure with some additional debt capacity.
Volvo Cars November sales up 5% in November
Volvo Cars' sales rose 5% year-on-year in November to 66,977 cars, primarily driven by its sales in Europe and the United States, the Sweden-based automaker said on Wednesday.
Sweden looks to Brussels after China talks on Volvo EV tariff deal
Sweden hopes the European Union and China can reach a pricing deal on electric vehicles soon, its foreign trade minister told Reuters at the end of a visit to China to try to limit the damage to Volvo of a dispute over import tariffs.
