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The Volvo Group is a leading global provider of transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions, and services. Founded in 1927, the company is committed to sustainable transport solutions and shaping the future of the industry. In 2023, their net sales reached SEK 553 billion. Recently, Volvo has expanded its heavy-duty truck manufacturing capacity in Mexico and acquired the battery business from Proterra Inc. to accelerate their battery-electric roadmap.
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AB Volvo proposes Pär Boman as new Chairman and Board member at the Annual General Meeting in March 2024.
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Professor Lars Eriksson awarded with Håkan Frisingers scholarship for his significant contributions in transportation research
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Volvo Trucks starts serial production of heavy battery electric trucks at the Ghent factory in Belgium, increasing the volume of electric trucks and expanding production to four factories. Three different electric models will be built in Ghent. The Ghent factory has a yearly capacity of around 45,000 trucks. Volvo Trucks has received orders for around 6,000 electric trucks in 42 countries on six continents. Governments need to offer incentive programs and increase power grid capacity for the electric shift to happen.
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Volvo Group collaborates with H2 Green Steel to secure near zero emission steel
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Volvo Autonomous Solutions and Boliden collaborate on autonomous transport solutions at Garpenberg site in Sweden
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Volvo Financial Services completes collaboration with JA Worldwide, impacting 14,000 youth globally through financial literacy education.
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AB Volvo has experienced a change in the number of votes due to the conversion of Series A shares to Series B shares. As of August 31, 2023, there are a total of 2,033,452,084 registered shares in AB Volvo, with 444,986,702 Series A shares and 1,588,465,382 Series B shares. The number of votes in the company is 603,833,240.2 based on the registered shares.
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Anna Müller appointed as President Volvo Penta and member of Volvo Group management.
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Volvo Autonomous Solutions (V.A.S.) achieves industry-first milestone by removing the safety driver in an active commercial mining operation at Brönnöy Kalk mine in Velfjord, Norway. The autonomous transport solution consists of seven fully autonomous Volvo FH trucks and V.A.S.'s in-house developed virtual driver. This breakthrough in technology provides exciting new business models as customers can buy autonomous transport capacity instead of purchasing trucks or machines. The complete solution offered by V.A.S. reduces complexity for customers and enables them to be part of the autonomous future.
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Carl-Henric Svanberg declines re-election as Chairman of AB Volvo Board of Directors
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FAQ
What is the current stock price of VOLVO AB UNSP/ADR (VLVLY)?
The current stock price of VOLVO AB UNSP/ADR (VLVLY) is $24.67 as of November 22, 2024.
What is the market cap of VOLVO AB UNSP/ADR (VLVLY)?
The market cap of VOLVO AB UNSP/ADR (VLVLY) is approximately 50.4B.
When was the Volvo Group founded?
The Volvo Group was founded in 1927.
What is the focus of the Volvo Group's operations?
The Volvo Group specializes in providing transport and infrastructure solutions, including trucks, buses, and construction equipment.
What was the net sales of the Volvo Group in 2023?
In 2023, the Volvo Group reported net sales of SEK 553 billion.
What recent acquisitions has Volvo made?
Recently, Volvo acquired the battery business from Proterra Inc., expanding its footprint in the battery-electric vehicle sector.
What is Volvo's commitment to sustainability?
Volvo is committed to sustainable transport solutions and shaping the future of the industry with a focus on reducing emissions and increasing efficiency.
Where is the Volvo Group headquartered?
The Volvo Group is headquartered in Gothenburg, Sweden.
What is Volvo's vision for the future?
Volvo aims to drive prosperity through transport and infrastructure solutions, delivering sustainable and innovative products and services.
How has Volvo expanded its manufacturing capacity?
Volvo recently announced plans to build a new heavy-duty truck manufacturing plant in Mexico to support the growth plans of its truck brands in North America.
What financial impact did the acquisition of Proterra's battery business have on Volvo?
The acquisition of Proterra's battery business did not have a material impact on Volvo's financial performance.
What are some recent innovations from Volvo in the electric vehicle sector?
Volvo has introduced a range of battery electric equipment, including electric excavators and wheel loaders, as part of its commitment to electrification and sustainability.
VOLVO AB UNSP/ADR
OTC:VLVLY
VLVLY Rankings
VLVLY Stock Data
50.44B
1.59B
0.02%
Farm & Heavy Construction Machinery
Industrials
United States of America
Gothenburg