Previous close | 167.16 |
Open | 166.36 |
Bid | 162.60 x 0 |
Ask | 169.44 x 0 |
Day's range | 164.58 - 167.30 |
52-week range | 2.02 - 229.95 |
Volume | |
Avg. volume | 4,122,032 |
Market cap | 413.478B |
Beta (5Y monthly) | 1.13 |
PE ratio (TTM) | 9.90 |
EPS (TTM) | 16.72 |
Earnings date | 28 Jan 2022 |
Forward dividend & yield | 6.50 (3.97%) |
Ex-dividend date | 07 Apr 2022 |
1y target est | 218.48 |
Big car manufacturers are going all-in on electric. Since electrics (EVs) and plug-in hybrids (PHEVs) pollute so much less than gas-powered cars, federal and most state governments cut you a break for buying both kinds of vehicle, via tax credits. It can be a very big break -- as in $7,500 from the federal government for a fully electric car.
Volvo cars CEO Jim Rowan cautioned that Russia's invasion of Ukraine will further push up prices for production over the coming months, but that underlying demand is incredibly strong across the range including for electric vehicles. He spoke with Bloomberg TV's Anna Edwards and Mark Cudmore.
STOCKHOLM (Reuters) -Automaker Volvo Cars said on Thursday that demand for its products remained strong while chip constraints were gradually improving, after posting profits above forecasts. A global shortage of semiconductors has forced the Gothenburg-based carmaker and global peers to cut vehicle output despite robust demand. As for many companies, the war in Ukraine has resulted in higher costs for raw materials, energy and freight for Volvo, which is seeking to mitigate the effects by adjusting prices.