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Volvo Ab - VLVLY STOCK NEWS

Welcome to our dedicated page for Volvo Ab news (Ticker: VLVLY), a resource for investors and traders seeking the latest updates and insights on Volvo Ab stock.

Volvo Ab (VLVLY) drives innovation in commercial transportation and industrial solutions through its heavy trucks, construction equipment, and digital services. This news hub provides investors and industry professionals with essential updates on the company developments shaping global infrastructure and sustainable mobility.

Access official press releases and verified news covering strategic initiatives including quarterly earnings, product launches, technology partnerships, and sustainability milestones. Track progress in electrification efforts, autonomous vehicle programs, and global manufacturing expansions through curated updates from trusted sources.

Discover how Volvo Ab's collaborations with industry leaders and investments in digital transformation impact commercial transportation markets. Stay informed about regulatory developments, market positioning, and operational updates relevant to long-term business strategy.

Bookmark this page for streamlined access to critical information about one of heavy vehicle manufacturing's most influential players. Check regularly for new insights into Volvo Ab's evolving role in building efficient, connected transportation ecosystems.

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In Q1 2021, Volvo Group reported a net sales increase of 3% to SEK 94.0 billion, with a significant adjusted operating income of SEK 11.8 billion and an operating margin of 12.6%. Adjusted sales, accounting for currency effects, rose by 13%. The company faced a SEK 1.1 billion impact from currency fluctuations but achieved earnings per share of SEK 4.35. Notable developments include a joint venture with Daimler for fuel cells and the completion of the UD Trucks transaction with Isuzu. However, production is hampered by semiconductor shortages.

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On April 20, 2021, Volvo Trucks announced the sales start of three new heavy-duty all-electric trucks, enhancing its electrification strategy for heavy road transport. The Volvo FH, FM, and FMX models will address the growing demand from transport companies aiming for sustainability. With the potential to electrify 45% of EU goods transport, Volvo aims for electric trucks to comprise half of its European sales by 2030. The company also plans future hydrogen fuel cell trucks for long-distance transport, marking a significant step towards cleaner logistics.

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The Volvo Group has announced a Capital Markets Day scheduled for November 11, 2021. This event will showcase the company's strategic direction focused on performance improvement and transformation towards sustainable solutions, including battery and fuel cell vehicles. The event details, such as whether it will be virtual or in-person, will be communicated in advance. Volvo Group, headquartered in Gothenburg, Sweden, generated net sales of approximately SEK 338 billion in 2020 and employs nearly 100,000 people worldwide.

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Volvo Group and SSAB have signed a collaboration to produce the world’s first vehicles made from fossil-free steel, aiming for climate neutrality by 2050. Production of concept vehicles utilizing hydrogen-based steel will commence in 2021, with small-scale serial production expected in 2022. The partnership aims to enhance the sustainability of the supply chain and reduce the carbon footprint. SSAB plans to deliver fossil-free steel commercially by 2026, leveraging new technologies to meet the growing steel demand.

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Volvo Autonomous Solutions has partnered with US-based Aurora to develop on-highway autonomous trucks. This long-term collaboration focuses on hub-to-hub applications in North America, emphasizing productivity, safety, and sustainability. The integration of Aurora's self-driving technology into Volvo trucks aims to advance Transport as a Service solutions. The partnership builds on previous projects and is expected to enhance commercial offerings for autonomous transport. Volvo aims to solidify its market presence in autonomous solutions by leveraging Aurora's technology and expertise.

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On March 24, 2021, Volvo Group Venture Capital announced its investment in FourKites, a leader in real-time supply chain visibility. This partnership aims to drive innovation and enhance supply chain services. FourKites tracks over one million shipments daily, boasting 120% year-over-year growth, with 450,000 connected carriers. Despite the positive implications for growth, the investment is stated to have no significant impact on Volvo Group's earnings. The focus areas for investment include logistics services, site solutions, and electrical infrastructure across Europe and North America.

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Volvo Group reported significant challenges due to the global pandemic in 2020, facing a revenue loss of nearly SEK 100 billion. Despite this, the company achieved an adjusted operating income of SEK 28.6 billion with an 8.4% margin. In Q4 2020, net sales declined to SEK 96.9 billion, but adjusted operating income rose to SEK 10,934 million, marking an 11.3% margin. The Board proposed a dividend of SEK 15.00 per share. However, production disturbances and increased costs are anticipated in Q1 2021 due to a strained supply chain.

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Volvo Trucks North America has been awarded $21.7 million in grants for deploying 70 VNR Electric trucks in Southern California, funded by the EPA and the South Coast Air Quality Management District. The deployment aims to improve air quality and will start in 2021, concluding in 2023. This initiative is part of the Volvo LIGHTS project, targeting zero-emission freight transport. The trucks are expected to reduce emissions by over 152.63 tons of NOx and 53,160 tons of CO2 over their lifetime, promoting sustainability in the trucking industry.

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Volvo Group reported Q3 2020 net sales of SEK 76.9 billion, a 16% decline compared to last year, primarily due to weaker order intake in the preceding quarter. Adjusted operating income was SEK 7,217 million with a margin of 9.4%. The company noted a strong positive shift in transport activity and customer sentiment, leading to increased orders for trucks and construction equipment. Despite the sales drop, operating cash flow was notably positive at SEK 11,712 million, indicating operational resilience amidst the pandemic.

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Volvo Environment Prize awarded Claire Kremen for her research on balancing biodiversity and agriculture. Her work highlights that over 60-70% of Earth's surface is used for farming, often harming wildlife. Kremen emphasizes the need for diversified landscapes to support ecosystems and food production, noting a 68% decline in wildlife populations since 1970, per WWF. She advocates for agroecological practices that enhance productivity while preserving biodiversity. The award ceremony is set for November 12, with a prize of SEK 1.5 million.

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Volvo Ab

OTC:VLVLY

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VLVLY Stock Data

62.72B
1.59B
0.02%
Farm & Heavy Construction Machinery
Industrials
Link
Sweden
Gothenburg