AB Volvo (publ) (0MHW.L)
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- Yahoo Finance Video
Volvo unveils new EX90 sports utility EV, latest features
Yahoo Finance automotive correspondent Pras Subramanian sits down with Volvo Head of Future Vehicles Gaurang Kalsaria.
- Reuters
Volvo Cars July sales drop 21.5%, sees improvement ahead
OSLO (Reuters) -Volvo Car Group's July sales were down 21.5% from a year earlier as supply chain problems continued to hamper production, but could rebound in the coming months, the Sweden-based automaker said on Wednesday. A shortage of semiconductors and other components has squeezed auto industry output and sales in recent quarters, but Volvo said last month it was seeing a "marked improvement" in the stabilisation of its supply chain. "Provided this normalisation continues, the company expects production to progressively increase in the coming months," Volvo Cars said in a statement on Wednesday.
- Reuters
Truck maker Volvo Group plans to build battery plant
Swedish truck maker Volvo Group plans to establish a large-scale production plant for battery cells, gradually building it up towards 2030 to meet a growing demand for zero-emission transportation, the company said on Wednesday. "There is a strong demand from our customers already today, and by 2030, it is our ambition that at least 35% of the products we sell are electric," CEO Martin Lundstedt said in a statement.
