Volvo Achieves Milestone in EX30 Production Amid Rising Demand
VLVLY hits a major milestone with the production of its 100,000th EX30 amid rising demand for the budget-friendly electric SUV.
Volvo (VLVLY) Upgraded to Buy: Here's Why
Volvo (VLVLY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Should Value Investors Buy Volvo (VLVLY) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Volvo Cars cuts margin and revenue aims after ditching electric vehicle target
Swedish automaker Volvo Cars on Thursday trimmed its 2026 margin target and adjusted its revenue goals amid complexity in "global trade and tariffs." Volvo Cars shares were 3.2% higher in early afternoon deals following a 10% decline so far this week.
Volvo Cars lowers profit margin target
Swedish automaker Volvo Cars on Thursday lowered its adjusted profitability target for 2026 and said it aims to continue outgrowing the premium car market until that year, dropping a previous sales target.
Volvo reverses goal to make only EVs in 2030
Volvo announced that it's moving away from its goal of making only electric vehicles by 2030 and is now aiming for 90% to 100% of its vehicles to be fully electric EVs plus hybrids.
Volvo abandons EV target in face of sales slump
Volvo has abandoned to plans to make only electric-powered vehicles by 2030, with 10% ‘mild hybrids' or petrol-powered cars now part of its schedule. The Swedish icon, which is owned by Chinese group Geely, had planned to go fully electric by 2030 but that target has been watered down to 'between' 90-100% including hybrids.
Sweden's Volvo Cars scraps plan to only sell electric vehicles by 2030
Swedish automaker Volvo Cars on Wednesday abandoned its near-term goal of only selling electric vehicles, citing a need to be "pragmatic and flexible" amid changing market conditions and cooling demand. The Geely-owned carmaker said that by 2030 it now aims for between 90% to 100% of its cars sold to be fully electric or plug-in hybrid models, while up to 10% will allow for a limited number of mild hybrid models.
Volvo backtracks from plan to sell only electric vehicles by end of the decade
Volvo Cars said concerns about tariffs, the withdrawal of government incentives, and a lack of charging infrastructure had led to it weakening ambitions it first set out in 2021
Volvo Cars revamps SUV hybrid as it shifts plans away from pure electric
Volvo Cars said on Wednesday that plug-in hybrids would continue to be a critical part of its profit growth plans over the next few years and that it would revamp its XC90 hybrid sports utility vehicle (SUV).
Volvo Cars scales back electric vehicle ambition
Swedish automaker Volvo Cars said on Wednesday it had abandoned is ambition of selling only fully electric cars in 2030, and would instead allow plug-in vehicles as well as some hybrid engine cars as part of its lineup.
Volvo Cars to deliver first EX90 SUVs this month after delay
Automaker Volvo Cars said on Wednesday it will deliver its EX90 SUV to the first customers before the end of this month after it had experienced extensive delays.
