|Bid||215.60 x 0|
|Ask||216.20 x 0|
|Day's range||215.60 - 219.40|
|52-week range||140.00 - 223.20|
|Beta (5Y monthly)||1.12|
|PE ratio (TTM)||13.10|
|Forward dividend & yield||6.50 (2.96%)|
|Ex-dividend date||07 Apr 2022|
|1y target est||N/A|
Volvo Cars is gearing up for an electric blitz to convert all its mainstay models - three SUVs and two sedans - into electric vehicles and to introduce a luxury electric van aimed at boosting sales in Asia, two people with knowledge of the plans said. The Swedish carmaker, 82%-owned by China’s Zhejiang Geely Holding Group, is expected to launch at least six new battery electric vehicles through 2026, the two people told Reuters. Volvo has announced an objective to make its entire lineup fully electric by 2030.
VLVLY vs. GNTX: Which Stock Is the Better Value Option?
A U.S. auto safety agency said Monday it was imposing a $130 million civil penalty on AB Volvo unit Volvo Group North America, following an investigation that found the manufacturer of heavy-duty trucks and buses failed to recall vehicles in a timely fashion. The National Highway Traffic Safety Administration (NHTSA) said Volvo Group agreed to a three-year consent order that includes one of the largest-ever penalties for violations under the recall law. Volvo Group North America agreed to oversight by an independent third-party auditor and will meet regularly with NHTSA to ensure it addresses any potential safety issues, the agency said.