|Bid||158.80 x 0|
|Ask||158.85 x 0|
|Day's Range||156.20 - 159.35|
|52 Week Range||116.60 - 171.30|
|PE Ratio (TTM)||15.39|
|Forward Dividend & Yield||0.34 (2.03%)|
|1y Target Est||178.89|
Volvo Car Group unveiled its all-new V60 station wagon, returning to a family-oriented model to bring back traditional customers after years of sport utility vehicles dominating the Swedish brand’s delivery ...
China's automotive reclusive entrepreneur, Li Shufu, could soon vault Geely and its associated brands to the forefront of the industry.
Sweden's Volvo Car Group expects stronger earnings and sales this year after the Chinese-owned automaker reached new records on both counts in 2017 thanks to strong demand for a string of new models, particularly in China. Volvo Cars, bought by Zhejiang Geely Holding Group in 2010, reported on Thursday its fourth straight year of record sales as a revamped, pricier model line-up helped it take on larger rivals such as Daimler's Mercedes-Benz. The Gothenburg-based company, one of Sweden's biggest by sales, said operating earnings rose to 14.1 billion Swedish crowns ($1.76 billion) in 2017 from 11.0 billion a year earlier, as revenues climbed 17 percent to 210.9 billion crowns.
Trump's State of the Union speech distorted the state of U.S. auto production. It's hard to imagine he doesn't understand what he was saying.
FRANKFURT/BEIJING, Feb 6 (Reuters) - Chinese carmaker Geely has bought shares in German car and truck maker Daimler , two people familiar with the matter told Reuters, as the Chinese owner of Volvo cars seeks to strike an alliance over electric cars technology. The size of the stake is unclear but likely to be below 3 percent, as that level would require Geely to make a regulatory disclosure in Germany.
North American orders for Class 8 semi-trucks more than doubled in January and hit their highest level since 2006, FTR, a company that tracks the industry, said on Monday. Tight capacity in the road freight market should continue to fuel strong truck orders through at least the spring, FTR said. Preliminary orders in the United States, Canada and Mexico for the big rigs that haul freight along North American highways hit 47,200, up significantly from 21,863 in January 2017, according to FTR.
Swedish truck maker AB Volvo (VOLVb.ST) raised its outlook for commercial vehicles markets on both sides of the Atlantic as strong demand across most of its business helped it to produce a 30 percent rise in fourth-quarter core earnings. The company, in which China's Geely Holding is set to become second biggest shareholder by votes once authorities clear its purchase of an 8.2 percent stake, also reported a bigger than expected jump in order bookings for its trucks. Truck makers such as Volvo and German rivals Daimler (DAIGn.DE) and Volkswagen (VOWG_p.DE) have been benefiting from rising or already robust demand across all major vehicles markets in recent quarters, a relatively rare occurrence.
Volvo AB boosted its forecast for truck markets in the U.S. and Europe this year as low fuel prices and interest rates push demand, a development that’s expected to put more strain on an already tight ...