Streetbeat News

VLVLY

Volvo AB

https://www.volvogroup.se/

CEO

Martin Lundstedt

Open

26.74

Mkt cap

53B

Volume

2.2K

High

26.85

P/E Ratio

11.58

52-wk high

30.14

Low

26.70

Div yield

0.06

52-wk low

23.27

Volvo Group is continuing with its $700-million truck factory project in Mexico despite potential U.S. tariffs on imports, as stated by CEO Martin Lundstedt.

Portfolio Pulse from

January 09, 2025 | 12:00 am

Volvo Group announced a delay in the high-volume production of its planned battery plant in Sweden, now expected to start a couple of years later than the original target of 2029-2030.

Portfolio Pulse from

January 08, 2025 | 10:30 pm

The article highlights a Reuters NEXT Newsmaker event featuring Volvo Group CEO Martin Lundstedt. It also provides information about Yahoo Finance's services and platforms.

Portfolio Pulse from

January 08, 2025 | 3:00 pm

Volvo Cars reported a 3% decline in December sales compared to the previous year, with a total of 73,804 cars sold. The decrease is attributed to a drop in hybrid vehicle sales.

Portfolio Pulse from

January 07, 2025 | 8:30 am

Volvo A.B. is facing challenges with stagnation in Europe and declining U.S. orders, potentially leading to a downturn in 2025. The company's 6.6% dividend yield may be unsustainable due to insufficient free cash flows, possibly requiring financing or dividend reduction. Despite these issues, Volvo maintains a healthy capital structure with additional debt capacity.

Portfolio Pulse from

January 03, 2025 | 11:00 pm

Labatt Breweries of Canada has placed the largest order of Volvo VNR Electric trucks in Canada, adding ten trucks to its fleet for sustainable transportation. This move marks a significant milestone in the adoption of electric vehicles for commercial use.

Portfolio Pulse from

December 10, 2024 | 3:45 pm

Volvo Cars reported a 5% increase in sales for November, reaching 66,977 cars, with significant contributions from Europe and the United States.

Portfolio Pulse from

December 04, 2024 | 8:30 am

Volvo Penta has announced a follow-on investment in UtilityInnovation Group, a company focused on innovative utility systems and decentralized energy solutions. This move underscores Volvo Penta's commitment to the energy transition.

Portfolio Pulse from

November 07, 2024 | 1:45 pm

Volvo Group and Daimler Truck have signed a binding agreement to form a joint venture aimed at developing a software-defined vehicle platform and truck operating system. This initiative is set to revolutionize the commercial vehicle industry by enhancing safety, comfort, and efficiency. The joint venture will be headquartered in Gothenburg, Sweden, and is expected to be completed by the first half of 2025, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 7:31 am

Volvo's Q3 results show an 8% drop in net order intake to 43,234 trucks and a 16% decrease in deliveries to 46,266 units. Heavy-duty truck deliveries fell by 9%, medium-duty by 21%, and light-duty by 61%.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:47 am

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