VOLV-B.ST - AB Volvo (publ)

Stockholm - Stockholm Real Time Price. Currency in SEK
-2.25 (-1.46%)
At close: 5:29PM CET
Stock chart is not supported by your current browser
Previous Close153.75
Bid151.85 x 0
Ask151.90 x 0
Day's Range149.75 - 153.15
52 Week Range112.85 - 155.00
Avg. Volume4,455,536
Market Cap308.136B
Beta (3Y Monthly)1.34
PE Ratio (TTM)9.70
EPS (TTM)15.62
Earnings DateN/A
Forward Dividend & Yield5.00 (3.25%)
Ex-Dividend Date2019-04-04
1y Target Est159.27
  • Benzinga

    Volvo Rolls Out Electric "Urban" Trucks In Europe

    Volvo Trucks has started selling its "urban" electric trucks in key European markets. The manufacturer claims the models, which have no exhaust emissions and reduced noise levels, will help meet the increasing demand for sustainable transport solutions in city environments. Sales of the Volvo FL (gross vehicle weight 16 tons) and Volvo FE (gross weight 27 tons) have now begun in France, Germany, the Netherlands, Norway, Sweden and Switzerland.

  • Volvo Cars Goes for Blockchain Tech to Avoid Unethical Cobalt

    Volvo Cars Goes for Blockchain Tech to Avoid Unethical Cobalt

    (Bloomberg) -- Volvo Cars will use blockchain technology to trace the origin of cobalt used in its batteries in an effort to avoid supplies produced by children and under unethical conditions.The commodity, an important ingredient in lithium-ion batteries, is mainly extracted in Congo, which last year produced more than two-thirds of the world’s cobalt.While the mineral is mainly taken out of the ground by large industrial mines, about 17% is dug by hand by thousands of miners operating in the southeastern Katanga region before being sold on to intermediaries, according to trading house Darton Commodities. At that point, it’s difficult to distinguish from ethically mined cobalt.“We have always been committed to an ethical supply chain for our raw materials,” said Martina Buchhauser, head of procurement at Volvo. “With blockchain technology we can take the next step towards ensuring full traceability of our supply chain and minimizing any related risks, in close collaboration with our suppliers.”The Swedish carmaker, owned by China’s Zhejiang Geely Holding Group, last month launched its first fully electric car, the XC40 Recharge. It has promised to roll out a new battery-electric model every year until 2025, joining other carmakers that are pushing the technology to meet customer demand and keep up with tightening emission regulations. Volvo buys batteries from China’s CATL and LG Chem of South Korea, and has signed a deal with the suppliers to start tracing cobalt this year.The blockchain technology stores transaction data that can’t be changed, and it is increasingly used to provide provenance for commodities, including tungsten and diamonds, whose extraction has been linked to human-rights violations and dangerous working conditions.The initiative is the latest by an auto industry that is being forced to grapple with new ethical challenges amid a massive shift away from fossil fuels. BMW AG said earlier this year it will buy cobalt directly from mines in Australia and Morocco to ensure the metal for its next generation of electric vehicles is sourced responsibly.The agreements between Volvo, CATL and LG Chem cover the supply of batteries over the coming decade for Volvo models as well as electric cars made by its 50%-owned Polestar brand, the company said. Circulor and Oracle Corp. will operate the blockchain technology across CATL’s supply chain, and Volvo has joined a Ford Motor Co.-backed initiative with RCS Global and International Business Machines Corp. to monitor LG Chem’s cobalt supply.To contact the reporter on this story: Niclas Rolander in Stockholm at nrolander@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Andrew Blackman, Andrew NoëlFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    Volvo Cars to trace battery cobalt using blockchain technology

    Volvo Cars said on Wednesday it will make the cobalt used in its batteries globally traceable using blockchain technology, following an agreement with its two battery suppliers, China's CATL and South Korea's LG Chem. Volvo, owned by China's Geely Holding, has lined up deals with CATL and LG Chem covering the battery supply over the coming decade for next generation Volvo and Polestar models, including the recently launched electric model XC40 Recharge.

  • Benzinga

    UAW Workers Ratify Four-Year Contract At Mack Trucks

    The United Auto Workers voted 79% in favor of a new four-year contract at Mack Trucks following a 12-day strike that idled six facilities in three states and halted production at Volvo Trucks' only assembly plant in North America. Mack President Martin Weissburg told FreightWaves on Oct. 28 that Mack should be able to make up production lost during the strike because new orders are slow and the backlog of trucks awaiting production is shrinking. "Through the new four-year agreement, the UAW looks to further expand its long-term relationship with Mack Trucks," said Ray Curry, UAW secretary-treasurer and director of the UAW Heavy Truck Department.

  • Benzinga

    Volvo Unveils New Regional-Haul VNR 660 Truck

    Volvo Trucks North America unveiled its new VNR 660 truck, expanding its offerings for regional-haul applications, on Oct. 28 at the North American Commercial Vehicle (NACV) Show in Atlanta, Georgia. The ...

  • Benzinga

    Mack Trucks Recovering Lost Production From UAW Strike

    Mack Trucks is well on its way to making up lost production from a 12-day United Auto Workers' strike and sees state-level infrastructure spending buoying its off-highway vocational truck business in 2020. The UAW struck Mack for the first time in 35 years from October 14-25, idling 3,500 workers at six facilities in three states. The strike also caused Volvo Trucks North America to halt production at its plant in Dublin, Virginia because it shares an engine and transmission plant in Hagerstown, Maryland with Mack.

  • Benzinga

    UAW Ending 12-Day Strike Against Mack Trucks

    The United Auto Workers is ending its strike against Mack Trucks after 12 days. The first walkout in 35 years idled six facilities in three states and forced the layoff of 3,000 workers at Volvo Trucks only North American assembly plant. Mack Trucks announced the tentative agreement on Thursday evening, October 24.

  • Benzinga

    Volvo Ventures Invests In Cybersecurity Startup To Protect Its Connected Trucks

    Volvo Group Venture Capital is investing in an Israeli automotive cybersecurity startup to help protect its one million "connected assets," which it claims exceeds any competitor. "Our mission is to protect every connected vehicle and smart mobility service on the planet," said Yoav Levy, Upstream Security co-founder and CEO. The trucking industry and its supply chain rank fifth among all businesses at risk of cybersecurity attacks as the number of possible threats against the transportation sector has grown 100-fold in just four years, according to cyber experts.

  • Benzinga

    Volvo Highlights Electric Trucks And GHG Engines For Mexico Market At Transport Expo ANPACT

    Connectivity, electric trucks and autonomous vehicles were highlighted by Peter Voorhoeve, president of Volvo Trucks North America (VTNA) at Transport Expo ANPACT 2019. The event, which is being held in Puebla, Mexico from October 15-18, is an international exhibition for passenger and freight transportation. The expo is hosted by Mexico's national association of heavy duty truck and bus manufacturers (ANPACT).

  • Benzinga

    Volvo Group Forecasts Chill In New Truck Orders As Q3 Earnings Rise

    AB Volvo (OTC: VLVLY) reported higher third-quarter profits and sales on Friday, October 18. Volvo earned $1.12 billion compared with $1.05 billion in the July-to-September period a year ago. Volvo shares have fallen 7% in value over the last six months as the truck market has cooled.

  • Reuters

    UPDATE 3-AB Volvo warns of demand slump as truck orders plunge

    Swedish truckmaker AB Volvo reported a sharp decline in third-quarter orders and forecast a demand slump on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings. Chief Executive Martin Lundstedt told a news conference that AB Volvo is well prepared for what he described as an expected correction in its main markets. Lundstedt said the Gothenburg-based company had reduced production volumes over the past quarter and would make further adjustments over coming quarters in light of declining orders.

  • AB Volvo warns of demand slump as truck orders plunge

    AB Volvo warns of demand slump as truck orders plunge

    Swedish truckmaker AB Volvo reported a sharp decline in third-quarter orders and forecast a demand slump on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings. After years of strong demand, signs of a slowdown in commercial vehicles markets that have always been prone to violent cyclical swings have become increasingly apparent in recent months amid concern over international trade and the global economy. Chief Executive Martin Lundstedt told a news conference that AB Volvo is well prepared for what he described as an expected correction in its main markets.

  • Benzinga

    Volvo Trucks Will Lay Off 3,000 Workers Because Of UAW Strike At Mack Trucks

    The impact of a United Auto Workers' strike at Mack Trucks will nearly double next week when Volvo Trucks North America lays off about 3,000 employees because of a lack of engines and transmissions that come from a Maryland plant the companies share. A Volvo Group spokesman on Thursday confirmed the ripple effect of the 4-day-old strike on its New River Plant in Dublin, Virginia. "We communicated to our employees this morning that NRV will stop production Monday because of the effects of the strike at our Hagerstown powertrain operations," spokesman John Mies told FreightWaves.

  • Volvo Foots Bill for Battery Charges in Bid to Curb Emissions

    Volvo Foots Bill for Battery Charges in Bid to Curb Emissions

    (Bloomberg) -- Volvo Cars isn’t just electrifying its lineup to cut carbon emissions. Now the Swedish automaker says it will pay customers to make sure they plug in.Volvo is tying the launch of its first all-electric vehicle -- the XC40 Recharge crossover -- to a broader plan for shrinking the carbon footprint of its models by 40% through 2025. And it’s backing that pledge with a promise to pay the first year’s worth of charging costs for owners of its plug-in hybrids, starting with the 2021 model year.Volvo placed itself at the forefront of electric car hype in 2017 when it vowed to rid its lineup of cars running purely on fossil fuels by 2025. To get there, it’s going to roll out a new battery-electric model every year until 2025, starting with its XC SUVs, Chief Executive Officer Hakan Samuelsson said. Those will join a growing range of hybrid models.“We believe we should treat sustainability as as much of an integrated part of our business as safety, not just something we do as an add-on,” Samuelsson said in a phone interview. “We’re making it part of our product offering.”Model 3 RivalBuyers of 2021 model year hybrids will be able to claim a refund for their electricity costs during the first year of ownership based on power consumption data extracted from Volvo’s app for Apple and Android smartphones. Volvo plug-in hybrid owners drive in electric mode only about 40% of the time, Samuelsson said in an interview with Bloomberg Television.The XC40, which Volvo unveiled earlier today in Los Angeles, will have 200 miles of range in the U.S., 402 horsepower and take 40 minutes to get to 80% battery capacity on a fast-charging system, the company said. That compares to the 240-mile range of Tesla Inc.’s Model 3 sedan.Samuelsson said Volvo will start producing its first EV late next year and price it to compete with the Model 3, which starts at about $39,000 but has been selling on average for roughly $50,000.“It’s affordable for a much broader range of people” than higher-priced luxury brand electric cars, said Volvo’s Chief Technology Officer Henrik Green. The XC40 is “more like a $50,000 car than a $100,000 car,” he said.The electric XC40 will join a wave of new EVs debuting to keep up with tightening emissions regulations in China and Europe. While uptake remains slow, carmakers including Volkswagen AG and Daimler AG have launched new models like the Audi e-tron and Mercedes EQC to chase after Tesla.Volvo is pushing ahead with its electric ambitions as others in the space struggle. NIO Inc., China’s would-be Tesla competitor, is running short of cash. Jia Yueting, founder of electric vehicle start-up Faraday & Future Inc., filed for bankruptcy. And Dyson Ltd., the famed maker of vacuum cleaners, pulled the plug on its battery-powered car project.‘Midterm’ Profitability GoalVolvo would not be making a fully electric XC40 if it wasn’t “absolutely sure” the car will be profitable, Samuelsson said.“It might be lower profit margin initially, but what counts is more midterm” profitability goals, he said.The bet on electrics comes at a time when the carmaker is coping with a global sales slowdown and tariffs that led to a 30% drop in first-half operating income. To cut costs, the company plans to merge engine operations with Chinese parent Geely.Samuelsson said Volvo wants to increase the appeal of electrified vehicles so they sell without government subsidies -- and incentives like free charging for the first year. “Long term, if this is really going to do something to the climate or the environment, the cars need to be attractive and need to be bought by customers with their own money,” he said.(Adds CTO comment in eighth paragraph.)\--With assistance from Shery Ahn and Amanda Lang.To contact the reporters on this story: Gabrielle Coppola in New York at gcoppola@bloomberg.net;Ed Ludlow in San Francisco at eludlow2@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Gabrielle Coppola, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Volvo Cars aims to be climate neutral by 2040

    Volvo Cars aims to be climate neutral by 2040

    Volvo Cars, owned by China's Geely Holding, is targeting a 40% reduction in the carbon footprint of each car it manufactures by 2025 as it bids to become fully climate neutral by 2040, it said in a statement on Wednesday. The company aims to reach the 2025 targets through a string of measures, including generating 50% of global sales from fully electric cars and having a 25% share of recycled plastics in new vehicles by that time, both of which have been previously announced. It is also aiming for a 25% cut in carbon dioxide emissions related to its global supply chain and its overall operations, including manufacturing and logistics, by 2025.

  • Benzinga

    UAW Plans To Strike Mack Trucks For First Time In 35 Years

    The United Auto Workers plans to strike Mack Trucks operations in three states on Sunday, the first walkout at the heavy-duty truck maker in 35 years. UAW Local 677 has 3,500 members at plants in Pennsylvania, Maryland and Florida. "We are disappointed that the company failed to provide any substantial offer prior to the October 1 expiration date or during the period in which we extended the contact," Ray Curry, secretary-treasurer of the UAW and director of its Heavy Duty Truck Department, said in a letter to William Waters, director of Employee and Labor Relations for Volvo Trucks North America.

  • Benzinga

    UAW Strike At Mack Trucks Could Impact Volvo Trucks Production

    A United Auto Workers strike against Mack Trucks could soon impact assembly at the Volvo Trucks assembly plant in Virginia because both get engines and transmissions from the same Maryland facility. It is the first UAW strike against Mack in 35 years.

  • Reuters

    Brazil's truckmakers are optimistic again even as country struggles to grow

    Brazil's largest truckmakers are expressing optimism again about the growth prospects for Latin America's largest economy, even as the country continues to struggle to rebound from a deep recession that began in 2015. "We are breathing optimism," said Martin Lundstedt, Volvo Group's President and CEO, who traveled to Sao Paulo to take part in the biennial Fenatran expo, the largest truck and machinery trade show in the country. "Latin America ... is coming back.

  • Benzinga

    Volvo And Mack Use Geotab Cloud To Hold Electronic Logging Device Data

    Volvo Trucks North America and its Mack Trucks sibling are partnering with connected transportation company Geotab to send electronic logging device (ELD) data to the cloud and back for interference-free reporting. The telematics devices, factory-installed in Volvo and Mack trucks, send engine and positional data to the cloud, which generates automatic duty status logs.

  • Polestar 1 first drive: A beautiful ode to driving

    Polestar 1 first drive: A beautiful ode to driving

    We finally get to drive the Polestar 1.

  • Volvo Cars CEO on XC40 Recharge EV, Hybrid Subsidy, China

    Volvo Cars CEO on XC40 Recharge EV, Hybrid Subsidy, China

    Oct.16 -- Hakan Samuelsson, president and chief executive officer at Volvo Car Group, discusses the launch of the automaker's first all-electric vehicle, its plan to pay the first year’s worth of charging costs for owners of its plug-in hybrids, and opportunities in China. He speaks on “Bloomberg Markets.”

  • Volvo Sees All-Electric Vehicle as 'Right Thing To Do'

    Volvo Sees All-Electric Vehicle as 'Right Thing To Do'

    Oct.16 -- Volvo Cars CEO Hakan Samuelsson speaks on Bloomberg Television about the launch of its first all-electric vehicle, the XC 40 Recharge. He speaks on "Bloomberg Markets."