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AB Volvo (publ) (VLVLY)

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17.78+0.21 (+1.18%)
As of 01:16PM EDT. Market open.
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  • Bloomberg

    Volvo Dangles Hefty New-Bond Premium That Has Buyers Piling In

    (Bloomberg) -- Volvo AB is proving that Europe’s sleepy market for new corporate-bond issues is still open -- as long as the returns are high enough to lure investors in.Most Read from BloombergDozens in China Infected With New ‘Langya’ Virus Carried by ShrewsMedia Tallies Show Extremely Tight Presidency Race: Kenya UpdateMusk Sells Another $6.9 Billion of Tesla Ahead of Twitter TrialChina Has Painted Itself Into a Semiconductor CornerUS Inflation Runs Cooler Than Forecast, Easing Pressure on Fe

  • 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.