VOLV-B.ST - AB Volvo (publ)
| Previous Close | 147.80 |
| Open | 148.55 |
| Bid | 149.45 x 0 |
| Ask | 149.55 x 0 |
| Day's Range | 148.20 - 149.70 |
| 52 Week Range | 112.85 - 162.20 |
| Volume | 1,329,622 |
| Avg. Volume | 4,412,646 |
| Market Cap | 299.534B |
| Beta (3Y Monthly) | 1.14 |
| PE Ratio (TTM) | 9.57 |
| EPS (TTM) | 15.62 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 5.00 (3.38%) |
| Ex-Dividend Date | 2019-04-04 |
| 1y Target Est | 159.27 |
- TechCrunch•12 days ago
The Future of Freight with Jenny Elfsberg (Volvo) and Kartik Tiwari (Starsky Robotics)
Trucking is the backbone of the economy; it's also in peril. Startups and OEMs are scrambling to come up with the solution. We’ll debate whether autonomous trucks are the fix we need or if another near-term technology can pave the way to a more efficient and profitable industry.
- MarketWatch•18 hours ago
Volvo recalls 500,000 cars because of a faulty engine component
The affected cars are two-liter, four-cylinder diesel engines manufactured between 2014 and 2019 in the following models: S60, S80, S90, V40, V60, V70, V90, XC60 and XC90.
- Thomson Reuters StreetEvents•yesterday
Edited Transcript of VOLV B.ST earnings conference call or presentation 18-Jul-19 7:00am GMT
Q2 2019 Volvo AB Earnings Press and Analyst Call
- Benzinga•5 days ago
Volvo Group Creates Alliance With Samsung SDI For Electric Truck Batteries
Volvo Group (NASDAQ: VLVLY) and Samsung SDI Co. Ltd. (KSE:006400) will jointly develop batteries for Volvo's electric trucks. The Swedish truck maker delivered its first battery-powered FE refuse truck and FL straight truck in February to European customers. Third-party logistics hauler NFI Industries expects to receive the first electric VNR later this year for testing as part of the 16-member Volvo LIGHTS consortium working on all aspects of electro-mobility in California.
- Benzinga•5 days ago
Volvo Group Cruises To Sales And Earnings Record Amid Slowing Truck Orders
Volvo Group (STO:VOLV-B) reported the highest sales and adjusted operating income for any quarter in its history for the April-June period despite a continuing falloff in new truck orders that likely will ...
- Reuters•5 days ago
UPDATE 2-Volvo Cars to cut costs as trade war dents profits
Volvo plans to cut fixed costs by 2 billion Swedish crowns ($214 million), it said on Thursday, becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability. Carmakers are under pressure from trade conflicts, hefty investments to develop electric and driverless cars and an overall downturn in the car industry, with warnings seen from Daimler and BMW. Volvo has rejigged its global production plans in an effort to reduce the impact of tariffs and has begun a review of costs, which CEO Hakan Samuelsson told Reuters had led to hourly wage cuts and the elimination of 750 roles, mainly consultants.
- Financial Times•5 days ago
Volvo to cut costs as US-China trade war hits profits
Volvo is looking to cut costs by SKr2bn (£171m) after the US-China trade war contributed to a drop in profits, as the Swedish carmaker revealed it had ditched hundreds of outside consultants working on research and IT projects. Volvo’s half-year net revenue rose 5.9 per cent to SKr130.1bn, with 340,286 cars sold.
- Reuters•5 days ago
UPDATE 2-Truckmaker Volvo lifts market view, picks Samsung for batteries
Sweden's AB Volvo raised its market forecasts for North America and Europe on Thursday, as higher trucks and construction equipment deliveries helped it to top profit estimates. The world's second largest truckmaker behind Daimler also announced a partnership with Samsung to develop battery packs for its electric trucks, its second big deal in recent weeks. The company, which joined forces with Nvidia Corp last month to develop artificial intelligence for self-driving trucks, is racing with rivals to develop autonomous and electric trucks.
- Reuters•5 days ago
Truckmaker Volvo lifts market view, picks Samsung for batteries
Sweden's AB Volvo raised its market forecasts for North America and Europe on Thursday, as higher trucks and construction equipment deliveries helped it to top profit estimates. The world's second largest truckmaker behind Daimler also announced a partnership with Samsung to develop battery packs for its electric trucks, its second big deal in recent weeks. The company, which joined forces with Nvidia Corp last month to develop artificial intelligence for self-driving trucks, is racing with rivals to develop autonomous and electric trucks.
- Reuters•5 days ago
Volvo Cars launches cost cutting measures as trade war dents profit again
Sweden's Volvo announced new measures to cut fixed costs by 2 billion Swedish crowns ($214 million) on Thursday, as it became the latest carmaker to warn that pricing pressure and tariffs arising from the Sino-U.S. trade war were denting profitability. Carmakers are under pressure from trade conflicts, hefty bills to develop electric and driverless cars and an overall downturn in the car industry. Volvo, which as part of China's Geely family aims to produce premium cars to rival BMW and Daimler's Mercedes-Benz, has rejigged its global production plans in an effort to blunt the impact of increased tariffs.
- Reuters•6 days ago
Sweden seeks lithium tie-ups in South America amid 'white gold' rush
Sweden is turning its gaze towards Peru and other South American countries for lithium tie-ups amid a global race to lock in supply of the "white gold" metal that is key for the batteries that power electric vehicles. A senior trade official from the Scandinavian nation told Reuters by phone that firms in Sweden - which is making a push in such batteries is home to global car brand Volvo - were looking for alliances with regional lithium and copper producers. Governments and automakers around the world, with an eye on huge expected demand for electric cars, are looking to seal tie-ups for the light metal, including in the so-called "lithium triangle" centered on Chile, Bolivia and Argentina.
- Reuters•6 days ago
Nissan, Volvo and FCA lead European sales decline
- Benzinga•6 days ago
Volvo Trucks Makes Active Safety Standard On Most Models Via Bendix Wingman Fusion
Truck makers are making advanced safety systems standard on new models faster than fleets are asking for them because avoiding fatal crashes saves millions of dollars that even a single death can cost. Volvo Trucks North America (NASDAQ: VLVLY) is the latest to improve its active safety system and price it into the cost of a new truck.
- Reuters•6 days ago
UPDATE 2-Johnson Matthey battles lower profit at its biggest unit
Johnson Matthey on Wednesday lowered the profit outlook for its largest unit that makes pollution filters for cars and trucks and announced the departure of the unit's head, sending its shares down more than 3%. Shares of the FTSE 100 company was the biggest loser on London's blue-chip index. The moves follow scrutiny of Johnson Matthey's catalytic filters for trucks, which have been linked to emission issues at truckmakers Volvo and Cummins.
- Reuters•13 days ago
Volvo solves autonomous revenue riddle with package deals
Swedish truckmaker AB Volvo's first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment. Volvo, the world's second biggest truckmaker behind Daimler, has decided for now to only deploy driverless trucks in pilots for customers, aiming to perform specific jobs on a limited, repetitive and controlled route, often on enclosed customer sites. "There's a lot of uncertainties and that's why we believe the right way to develop autonomous is with commercial pilots where we partner up with customers, go for real implementations and learn from that," Sasko Cuklev, Volvo Trucks' autonomous solutions director, told Reuters in an interview.
- Benzinga•15 days ago
First Volvo Electric Truck Expected This Year As Part Of A Multi-Partner Effort In California
Volvo Trucks North America is burnishing its image in climate change-conscious California. The Swedish truck maker is developing battery-electric versions of its VNR regional haul trucks for use in drayage ...
- Benzinga•25 days ago
Volvo Trucks Adding Nearly 800 Jobs As Part Of $400M Virginia Plant Expansion
Volvo Trucks announced a six-year expansion project at its New River Valley (NRV) manufacturing facility in New River Valley, Virginia. The $400-million investment will include 777 new jobs being created ...
- Bloomberg•25 days ago
Volkswagen’s Truck Unit Opens Flat in Frankfurt Trading Debut
(Bloomberg) -- Volkswagen AG’s trucks unit fell on its first day of trading as investors took a cautious stance on its global expansion plan, which includes boosting its U.S. footprint and going head-to-head with market leaders Daimler AG and Volvo Group.Traton SE declined as much as 2.4% to 26.36 euros after its initial public offering priced at 27 euros, the bottom of the range. Volkswagen raised 1.55 billion euros ($1.8 billion) from listing a stake of about 11.5% in a transaction that values the German auto giant’s truck unit at 13.5 billion euros.Other recent industrial stock offerings have fared better. German commercial vehicles brakes maker Knorr-Bremse AG has gained 21% since its IPO in October, tracked by Swiss train maker Stadler Rail AG’s performance after listing in April.A completion of the sale, one of Europe’s biggest this year, is still a sea change in the Wolfsburg-based company’s effort to streamline its sprawling empire after a decade of rapid expansion. Over the years, Volkswagen added Porsche, Bentley luxury cars, Ducati motorcycles and heavy truck brands. In the age of electric and self-driving vehicles, the cumbersome structures that have grown around a network of well over 100 factories are slowing decision-making and causing the company to risk falling behind.VW’s byzantine governance with a powerful labor council and complex ownership structure has often stood in the way of deeper changes in recent years. A plan to sell Ducati was derailed in 2017 because of internal resistance, making Traton’s IPO a milestone for Chief Executive Officer Herbert Diess and trucks head Andreas Renschler, who bought 540,000 euros worth of Traton shares.VW could use Traton’s IPO proceeds to expand the division’s footprint in North America -- the truck industry’s largest profit pool -- where the carmaker holds a 16.8% stake in Navistar International Corp. Renschler has said he wants to expand on a leading position in Europe and Latin America with future potential moves on acquisitions and alliances to grow into a global truckmaker.Analysts have speculated on a buyout of Navistar after Traton’s listing, with Bloomberg Intelligence analyst Christopher Ciolino calling a deal “a likely outcome.” In a report last month, he wrote that Navistar could command an equity value of as much as $5.3 billion, while the market may start to weaken in the fourth quarter.The listing was a “big step” forward for Traton’s strategy, Renschler said, speaking at the Frankfurt stock exchange. The company is also listed in Stockholm, home to the truckmaker’s Scania brand, its biggest profit contributor.The stock was at 26.49 euros as of 3:18 p.m. in Frankfurt, while Bharti Airtel Ltd.’s Africa unit, which also started trading Friday, declined 13% after also pricing its offer at the low end of its range.“The market is what it is,” Scania CEO Henrik Henriksson said in an interview. “The important thing for us is that we have a strategy and a plan that we believe wholeheartedly in.”Traton’s stock will be tracked by investors as a peer to Sweden’s Volvo, the only standalone commercial-vehicle manufacturer in Europe that competes with a similar product range. Led by former Scania chief Martin Lundstedt, Volvo set the bar high with a successful restructuring that boosted returns within three years. At VW, the MAN truck unit has made only tepid progress in recent years on lifting profit margins.The European market for trucks is expected to soften during the second half of the year, Jefferies analyst Graham Phillips said in a note this week, noting Volvo’s decision to reduce a summer production shift. Heavy-truck registrations in May were “stronger than expected,” helped by one-off effects like pre-buying ahead of a digital tachograph requirement that took effect this month.Volkswagen CEO Diess, in the job for just over a year, is renewing the push to lift the company’s poor valuation by becoming less centralized. Increasing the valuation will be key “currency” in the industry’s phase of consolidation and partnerships in the shift to electric and self-driving cars, he said at a recent meeting of top management. The company trades at a price-to-earnings multiple of 6.4 times, compared with Germany’s Dax Index at 16.2.VW is a behemoth that sprawls across 122 factories worldwide with some 650,000 employees. The company has started to review strategic options including a possible sale of other non-auto businesses, including transmissions maker Renk AG and MAN Energy Solutions, which produces large diesel engines for ships and turbines. It’s also open to sell more Traton shares.Aside from the Navistar holding, Traton owns a 25% stake Sinotruk Hong Kong Ltd. in China, while Daimler and Volvo both have local production ventures. Traton wants to expand the MAN brand’s presence in China and is developing a dealer network for Scania in the country, Renschler said in a Bloomberg TV interview. “We see the potential for European trucks in China is really growing,” he said.(Adds truck chief comment from Bloomberg TV interview in last paragraph.)\--With assistance from Swetha Gopinath, Oliver Sachgau, Niclas Rolander and Phil Serafino.To contact the reporter on this story: Christoph Rauwald in Frankfurt at crauwald@bloomberg.netTo contact the editors responsible for this story: Kenneth Wong at kwong11@bloomberg.net, Elisabeth Behrmann, Chris ReiterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters•29 days ago
U.S. business borrowing for equipment rises 18% in May - ELFA
U.S. companies' borrowing to spend on capital investments rose 18% in May from a year earlier, the Equipment Leasing and Finance Association (ELFA) said. Companies signed up for $9.1 billion in new loans, leases and lines of credit last month, up from $7.7 billion a year earlier. "The continued low interest rate environment, coupled with solid fundamentals in the U.S. economy, provide incentive for U.S. businesses to expand and grow their operations," ELFA Chief Executive Officer Ralph Petta said.
- TechCrunch•last month
Geely is turning to Zenuity as its self-driving software supplier
China-based Zhejiang Geely Holdings is tapping Zenuity, the joint venture between Volvo and Swedish technology company Veoneer, as its preferred driver assistance and autonomous vehicle software supplier for its range of car brands. The decision means Zenuity's software will likely end up in vehicles under the brands Geely Auto, Geometry, Volvo Cars, performance brand Polestar, British carmaker Lotus and the subscription-based automaker Lynk & Co. Geely Holdings' total group sales last year were 2.15 million vehicles, according to the company.
- Motley Fool•last month
NVIDIA Stock Jumps 5.4% on Volvo Self-Driving Truck Partnership
Shares of the AI chip leader revved up after Tuesday's announcement.
- Reuters•last month
UPDATE 1-China's Geely picks Swedish software firm for driverless cars
China's Geely has chosen Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer , as its preferred supplier for assisted and self driving software. Geely's deal, encompassing car brands including Geely Auto , performance brand Polestar, subscription-based electric carmaker Lynk & Co and British sports car maker Lotus, provides a welcome boost for Zenuity. Veoneer said in April it was carrying out a review of Zenuity, which is focused on developing software for assisted driving features (ADAS) such as lane keeping and autonomous driving (AD), and seeking efficiencies from the venture.
