Volvo Cars October sales rise 3% year-on-year
Volvo Cars' sales rose 3% year-on-year in October to 61,686 cars, the Sweden-based automaker said on Monday.
Volvo Cars says to acquire Northvolt's shares in battery JV
Volvo Cars said on Wednesday it will invoke its right to acquire Northvolt's shares in their battery joint venture, NOVO Energy, after Northvolt failed to meet its financing obligations.
Volvo: Why I Am Mostly Out Of This Industrial, And Have Been For Some Time
Volvo AB, a leading truck and machinery manufacturer, is currently overvalued at 270 SEK/share, making it a "Hold" with a target price of 255 SEK/share. VLVLY has strong fundamentals, an excellent credit rating, and significant upside potential if bought at a lower valuation. Recent Q3 2024 results show negative sales growth and declining margins, indicating a downcycle trend and justifying the current "Hold" rating.
Volvo Cars slashes outlook citing ‘increasingly volatile environment'
Volvo Cars CEO Jim Rowan said the company is facing slower demand in Europe, the U.S. and China.
Volvo Cars cuts full-year growth outlook on EV slowdown
Sweden-based Volvo Cars reported a rise in third-quarter operating profit on Wednesday but cut its full-year sales growth forecast amid accelerating market weakness.
AB Volvo (publ) (VLVLY) Q3 2024 Trading Update Conference Call (Transcript)
AB Volvo (publ) (OTCPK:VLVLY) Q3 2024 Trading Update Conference Call October 18, 2024 3:00 AM ET Company Participants Johan Bartler - Head of IR Martin Lundstedt - CEO Mats Backman - CFO Conference Call Participants Mattias Holmberg - DNB Markets Klas Bergelind - Citigroup Hampus Engellau - Handelsbanken Capital Markets Daniela Costa - Goldman Sachs Erik Golrang - SEB Miguel Borrega - Exane BNP Paribas Michael Aspinall - Jefferies Johan Bartler So welcome to the Volvo Group third quarter report. Today we'll do as always, we'll listen to the presentations from our CEO, Martin and from our CFO, Mats.
Volvo's Q3 earnings fall short: stagnant demand raises alarm for future growth
Swedish truck manufacturer AB Volvo (VOLVb.ST) has reported a larger-than-anticipated decline in quarterly adjusted earnings and is predicting stagnant demand for the coming year, reflecting a notable shift in market conditions. Reduced freight and construction activity have constrained vehicle sales, contributing to this downturn.
Truck maker Volvo's Q3 adjusted profit falls more than expected
Swedish truck maker AB Volvo reported on Friday a bigger drop than expected in third-quarter adjusted operating profit and said demand continued to normalise in most of its
Sweden's Volvo says deputy CEO to step down in management reshuffle as EV demand slows
Swedish automaker Volvo Cars on Wednesday announced deputy CEO Björn Annwall will step down from his current role as part of a management reshuffle. It comes shortly after Volvo Cars abandoned its near-term goal of selling only electric vehicles (EVs), citing a need to be "pragmatic and flexible.
Volvo Faces Leadership Reshuffle Amid Economic Uncertainties
Volvo Cars is undergoing a management overhaul as Bjorn Annwall, the Chief Commercial Officer and Deputy CEO, plans to exit the company. After nine years with Volvo, Annwall will temporarily remain to assist with the transition.
Volvo Cars deputy CEO to step down in management reshuffle
Volvo Cars said on Wednesday its deputy CEO Bjorn Annwall will leave the group as part of a reorganisation designed to increase simplicity, speed and collaboration and reduce complexity in the organisation.
Volvo Cars September sales rise 1%
Volvo Cars' sales rose 1% year-on-year in September to 62,458 cars, the Sweden-based automaker said on Wednesday.
