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Volvo AB (VOLVb.ST)

VOLVb.ST on Stockholm Stock Exchange

142.00SEK
21 Jun 2018
Change (% chg)

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142.00kr
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Avg. Vol
5,377,182
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171.30kr
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131.60kr

Latest Key Developments (Source: Significant Developments)

Husqvarna CFO Jan Ytterberg appointed CFO of Volvo Group
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Husqvarna AB ::HUSQVARNA GROUP'S CFO TO LEAVE THE GROUP.SAYS JAN YTTERBERG HAS BEEN APPOINTED CFO OF VOLVO GROUP.  Full Article

Volvo Group Complets Sale of Subsidiary Holding Shares in Inner Mongolia North Hauler Joint Stock
Friday, 11 May 2018 

May 11 (Reuters) - Volvo AB ::VOLVO GROUP HAS COMPLETED THE SALE OF A CHINESE SUBSIDIARY HOLDING SHARES IN INNER MONGOLIA NORTH HAULER JOINT STOCK.DIVESTMENT RESULTED IN A CAPITAL GAIN OF APPROXIMATELY SEK 0.8 BILLION.DIVESTMENT HAS A POSITIVE IMPACT ON VOLVO GROUP'S CASH FLOW AND NET FINANCIAL POSITION OF APPROXIMATELY SEK 1.0 BILLION.  Full Article

Volvo Cars Said To Pick Goldman, Citi, Morgan Stanley For IPO - Bloomberg
Thursday, 10 May 2018 

May 10 (Reuters) - :VOLVO CARS SAID TO PICK GOLDMAN, CITI, MORGAN STANLEY FOR IPO - BLOOMBERG, CITING SOURCES.CHINA'S ZHEJIANG GEELY AND VOLVO HAVE DISCUSSED VALUING VOLVO IN A RANGE OF $16 BILLION TO $30 BILLION IN A STOCK SALE - BLOOMBERG.  Full Article

Geely has no plans to merge Volvo Cars with AB Volvo - spokesman
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - AB Volvo ::GEELY HOLDING SAYS HAS NO PLANS TO MERGE VOLVO CARS WITH AB VOLVO - SPOKESMAN.  Full Article

Volvo appoints construction equipment chief Weissburg as new head of Mack Trucks
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Volvo AB ::MARTIN WEISSBURG APPOINTED PRESIDENT OF MACK TRUCKS.WEISSBURG, CURRENTLY PRESIDENT OF VOLVO CONSTRUCTION EQUIPMENT, WILL BECOME PRESIDENT OF MACK TRUCKS EFFECTIVE JUNE 1, 2018.MARTIN WEISSBURG WILL SUCCEED DENNIS SLAGLE, WHO HAS LED THE COMPANY SINCE 2008.EFFECTIVE JUNE 1, 2018, DENNIS SLAGLE WILL REMAIN WITH THE VOLVO GROUP AS A SPECIAL PROJECTS LEADER REPORTING TO MARTIN LUNDSTEDT, PRESIDENT AND CEO..  Full Article

Volvo Group drops plans to sell Governmental Sales unit
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Volvo Ab :Volvo group discontinues the process to divest governmental sales.Volvo ab says ‍offers we have received for governmental sales do not reflect its value​.  Full Article

Volvo says to make additional EUR 20 mln provision for EU anti-trust settlement
Tuesday, 19 Jul 2016 

AB Volvo :Says additional provision due to EU settlement will have a negative impact of EUR 20 mln (SEK 0.2 bln) on operating income in Q3 of 2016.  Full Article

Volvo Q2 core profit tops forecast, cuts N. America outlook
Tuesday, 19 Jul 2016 

AB Volvo : Q2 adjusted operating income amounted to SEK 6,130 mln vs year-ago 5,979 mln, corresponding to an operating margin of 7.8 pct vs year-ago 7.1 pct . Reuters poll: Volvo Q2 adjusted operating income seen at SEK 5.64 bln . Says Volvo CE continues to gain market shares in the heavy segment, particularly in Europe . Q2 sales decreased by 7 pct to SEK 78.9 billion . Repeats sees FY2016 European truck market of 290,000 units . Sees FY2016 North American truck market of 240,000 units vs pvs forecast 250,000 units . Repeats forecast for FY2016 brazilian truck market of 30,000 units . Q2 trucks order intake 45,422 units vs mean forecast 49,034 units in Reuters poll .Repeats FY2016 china construction equipment market seen contracting 5-15 pct.  Full Article

Truckmakers face fines from EU for price fixing - Bloomberg
Tuesday, 5 Jul 2016 

:Truckmakers including Volvo AB and Iveco face fines from the European Union for charges of price fixing - Bloomberg, citing sources.  Full Article

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Volvo Cars CEO says auto tariffs threaten jobs at new U.S. plant

BERKELEY COUNTY, South Carolina (Chinese-owned Volvo Cars opened a new auto factory in South Carolina on Wednesday as company executives warned that the U.S.-China trade dispute could undermine plans to create up to 4,000 more auto jobs in the heavily Republican state. | Video