Volvo AB

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Volvo AB engages in the design, manufacture, and market of commercial vehicles. It operates through the following segments: Trucks, Construction Equipment, Buses, Volvo Penta, and Financial Services. The Trucks segment includes the production, development, and logistics for powertrain and parts. The Volvo Penta segment markets marine and industrial engines. The company was founded by Assar-Thorvald Nathanael-Gabrielsson and Erik Gustaf Larson in 1927 and is headquartered in Goteborg, Sweden.

The United Auto Workers (UAW) union launched a strike against Mack Trucks after members rejected a tentative deal with the company owned by Volvo.

UAW Members Strike Against Mack Trucks After Rejecting Tentative Deal

UAW President Shawn Fain said union workers overwhelmingly voted to reject a tentative agreement with Mack Trucks and will strike early Monday morning.

UAW workers reject Mack Trucks proposal including 19% pay hike, will strike Monday morning

About 3,900 UAW members with Mack Trucks will go on strike Monday after a majority of members rejected a tentative deal reached by the union and company.

UAW Mack Trucks union members to join striking Detroit autoworkers on picket lines after voting down tentative deal

Union workers at Volvo Group-owned Mack Trucks overwhelmingly rejected a proposed five-year contract deal and will go on strike at 7 a.m. Monday (2300 GMT), the United Auto Workers said late on Sunday.

UAW workers reject Mack Trucks contract, will strike

Renault Group, Volvo Group and CMA CGM Group join forces to address the growing needs of decarbonized and efficient logistics with an all-new generation of electric vans

A national network of public fast chargers for heavy electric trucks is opening in Sweden. The charging network is powered by renewable energy.

Breakthrough for fast charging of electric trucks - Volvo Trucks launches new service

Volvo Cars' sales grew 25% in September from a year earlier to 61,666 cars as sales grew in China as well as in Europe and the U.S., the Sweden-based group said on Thursday.

Volvo Cars September sales rise 25%, demand up in China

GOTHENBURG, Sweden , Oct. 4, 2023 /PRNewswire/ -- Volvo Defense, a business operation within Volvo Trucks, has entered a framework agreement with the Estonian Centre for Defence Investments and the Ministry of Defence of the Republic of Latvia for the delivery of logistic trucks. Volvo was chosen as one out of two suppliers that combined will deliver up to 3,000 vehicles over a period of 7 years.

Volvo Defense enters 7-year framework agreement for deliveries of logistics trucks to Estonia and Latvia

The United Auto Workers (UAW) reached a last-minute agreement with Volvo-owned Mack Trucks, averting a possible strike.

UAW Reaches Agreement with Mack Trucks, Averting Additional Strike

About 4,000 workers represented by the United Auto Workers (UAW) reached an agreement with Volvo Group-owned Mack Trucks on Sunday midnight, UAW said in a post on social media X, formerly known as Twitter.

UAW workers at Volvo-owned Mack reach tentative agreement to avoid strike

GOTHENBURG, Sweden , Sept. 22, 2023 /PRNewswire/ -- The Election Committee of AB Volvo proposes that Pär Boman be appointed new Chairman and Board member at the Annual General Meeting in March 2024.

Pär Boman proposed as new Chairman of AB Volvo

GOTHENBURG, Sweden , Sept. 21, 2023 /PRNewswire/ -- Håkan Frisinger Award for Excellence in Transportation Research awards its 2023 scholarship to Professor Lars Eriksson at Linköpings University.

Volvo Group: Professor Lars Eriksson awarded with Håkan Frisingers scholarship for his significant contributions in transportation research

Volvo's last diesel car will roll off the line “by early 2024,” the company said on Tuesday. The writing's been on the wall for several years.

Volvo will make its last diesel car in 2024

Volvo Cars said on Tuesday that it will end production of any remaining diesel models by early 2024 as it heads towards becoming an all-electric carmaker.

Volvo to end diesel car production by early 2024

GOTHENBURG, Sweden , Sept. 14, 2023 /PRNewswire/ -- Volvo Trucks ramps up electric truck volumes and starts serial production of heavy battery electric trucks at the Ghent factory in Belgium.

Ramping up: Volvo starts serial production of electric trucks in Ghent

Sweden's Volvo will begin serial production of heavy battery electric trucks at its Ghent factory in Belgium, the truck maker said in a statement on Thursday.

Volvo to start production of electric trucks at Ghent factory

GOTHENBURG, Sweden , Sept. 14, 2023 /PRNewswire / -- Volvo Group's collaboration with H2 Green Steel for near zero emission steel is another step forward on the continued journey towards a net zero GHG emission value chain by 2040.

Volvo Group secures increased volumes of near zero emissions steel through collaboration with H2 Green Steel

STOCKHOLM , Sept. 13, 2023 /PRNewswire/ -- Boliden and Volvo Autonomous Solutions (V.A.S.

Boliden and Volvo Autonomous Solutions (V.A.S.) establishes a long-term collaboration around autonomous transports

GOTHENBURG, Sweden , Sept. 13, 2023 /PRNewswire/ -- Volvo Autonomous Solutions (V.A.S.

Volvo enters long-term collaboration with Boliden to deploy autonomous solutions

Swedish truck maker Volvo AB's Russian assets have been transferred to an undisclosed Russian investor, the Ministry of Industry and Trade said in a statement.

Volvo's Russian assets transferred to Russian investor - industry ministry

Sweden's Volvo Cars on Monday reported an 18% rise in monthly car sales for August compared to last year.

Volvo Cars August sales up 18% year-on-year

GREENSBORO, N.C. , Aug. 31, 2023 /PRNewswire/ -- Volvo Financial Services (VFS) recently completed a yearlong collaboration with JA (Junior Achievement) Worldwide, bringing a message of economic empowerment through financial literacy education to more than 14,000 youth in Brazil, France, India, Italy, Peru, South Africa, Spain, the United Kingdom and the United States.

Volvo Financial Services, Junior Achievement Worldwide Share the Power of Financial Literacy with 14,000 Youth

GOTHENBURG, Sweden , Aug. 31, 2023 /PRNewswire/ -- Anna Müller has been appointed as President Volvo Penta and member of Volvo Group management. She will replace Heléne Mellquist who will leave the Volvo Group to join the investment company Latour as Executive Vice President and Chief Operating Officer.

Anna Müller new President Volvo Penta and member of Volvo Group management

GOTHENBURG, Sweden , Aug. 31, 2023 /PRNewswire/ -- Volvo Autonomous Solutions (V.A.S.) achieves industry-first milestone with the removal of the safety driver in an active commercial mining operation at Brönnöy Kalk mine in Velfjord, Norway.

Volvo Autonomous Solutions removes safety driver at Brönnöy Kalk

GOTHENBURG, Sweden , Aug. 21, 2023 /PRNewswire/ -- Carl-Henric Svanberg has declined re-election as Chairman of the AB Volvo Board of Directors. He will remain as Board Chairman until the Annual General Meeting to be held in March 2024.

News for Volvo AB Stock (VLVLY)