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|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||21.93 - 22.09|
|52 Week Range||17.82 - 22.21|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||10.71|
|Forward Dividend & Yield||0.68 (3.06%)|
|Ex-Dividend Date||Apr 05, 2023|
|1y Target Est||N/A|
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Stock in Swedish car maker Volvo Cars plunged Friday in overseas trading. Volvo (ticker: VOLCAR.Sweden) dropped about 11% after entities connected with its parent company Geely sold shares. Geely controls the auto maker, but Volvo Car stock is still listed.
Shares in Volvo Cars tumbled as much as 13% Friday to hit a record low after its biggest shareholder Geely sold part of its stake at a discount to the market value.
Shares in Sweden’s Volvo Cars were on track for their worst day ever on Friday after China’s Geely sold part of its shareholding in response to investor concerns about the automaker’s small free float. The Chinese carmaker is working to keep international investors on board as it pushes ahead with plans to float off various parts of its automotive empire. Geely, which acquired Volvo from Ford in 2010, on Friday morning said its commitment to the carmaker remained “steadfast”.
OSLO (Reuters) -Shares of Swedish automaker Volvo Cars fell as much as 14% to a record low on Friday after its majority shareholder, China's Geely, sold a small part of its stake at a deep discount to the previous day's closing price. Geely on Thursday launched a placing of 100 million Volvo Cars shares, which the deal's bookrunners said after the market close were sold at around 37 Swedish crowns each, or $350 million in total.
The United Auto Workers (UAW) union said on Wednesday that about 3,900 of its members working at Mack Trucks ratified a new five-year contract, ending a month-long strike at the Volvo Group-owned company. The move comes after union workers overwhelmingly rejected a tentative deal in October that included a 19% pay raise and a $3,500 ratification bonus, complaining that the raise was too small to keep up with inflation. Mack Trucks said that under the new contract, the average wage increase over five years would be 36%, with an average immediate raise for all covered employees of nearly 15%.
The United Auto Workers (UAW) union on Wednesday said members at Volvo Group-owned Mack Trucks have voted to ratify their new contract with significant local improvements. "After 39 days on strike, UAW members at Mack Trucks have voted by 93% to ratify their new contract with significant local improvements," the union said in a post on messaging platform X, formerly known as Twitter.
The Volvo CEO says Apple CarPlay is a value to customers, and its vehicles should focus on making the overall driving experience better, not on revenue generated from infotainment clusters.
You may have spent your driving years mostly tooling around in American cars, but now perhaps you're interested in checking out the buzz on European cars. I'm a Mechanic: Here Are the 6 Best Luxury...
Sweden’s Volvo Group was selected as the winning bidder for the battery and charging assets of bankrupt Proterra Inc. The post Volvo Group wins bid for bankrupt Proterra battery assets appeared first on FreightWaves.
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Bayerische Motoren Werke Aktiengesellschaft
AB Volvo (publ)
Geely Automobile Holdings Limited
Porsche Automobil Holding SE
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Daimler Truck Holding AG
Wabash National Corporation
Industry: Farm & Heavy Construction Machinery
Full Time Employees: 89,272
AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, mining, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, Arquus, cellcentric, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis, as well as associated transport systems under the Prevost and Nova Bus brands. It also provides road construction machine, haulers, wheel loaders and excavators. In addition, the company offers engines and power solutions for leisure and commercial vessels, as well as for power generation, industrial, and off-road applications under the Volvo Penta brand name. Further, it provides financing, insurance, rental, spare parts, repair, preventive maintenance, service agreement, and assistance services. The company offers its products and services through a network of dealerships and workshops. It has a strategic alliance with Isuzu Motors within commercial vehicles; a partnership with Samsung SDI Co to develop battery packs for its trucks; and an agreement with Aurora to develop autonomous trucks. AB Volvo (publ) was incorporated in 1915 and is headquartered in Gothenburg, Sweden.