Streetbeat News

VLVLY

Volvo AB

https://www.volvogroup.se/

CEO

Martin Lundstedt

Open

24.80

Mkt cap

50B

Volume

6.8K

High

24.83

P/E Ratio

10.70

52-wk high

30.14

Low

24.71

Div yield

0.07

52-wk low

21.93

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

Volvo reported a significant decrease in its Q3 earnings and sales compared to the same period last year. The earnings per share dropped by 26.18% to $0.47, and sales decreased by 8.38% to $11.22 billion.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:41 am

Volvo Cars has expanded its partnership with Nvidia to enhance AI and autonomous driving capabilities. The new Volvo EX90 will feature Nvidia's DRIVE Orin system, and future models will use DRIVE Thor, significantly boosting performance. Volvo will also use Nvidia's DGX systems for AI model training.

Portfolio Pulse from Benzinga Neuro

September 05, 2024 | 8:33 am

Volvo Trucks is set to launch a next-generation heavy-duty electric truck with a range of up to 600 km, marking a significant step in the electrification of heavy trucks. The new model, featuring advanced driveline technology, will be available in 2025.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 12:42 pm

Volvo is set to launch a new long-range version of its FH Electric truck, capable of traveling up to 600 km on a single charge. This advancement marks a significant step in the electrification of heavy-duty trucks, enabling long-distance, zero-emission transport. The truck will be available for sale in the second half of 2025.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:38 am

Volvo Group is investing $700 million in a new heavy-duty truck plant in Monterrey, Mexico, to support growth in the U.S., Canadian, and Latin American markets. The plant will be operational by 2026.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 6:30 am

XPENG and Volkswagen Group have signed a master agreement to jointly develop advanced E/E Architecture for the Chinese market. The first vehicle with this architecture will start production in about 24 months, and both companies are exploring further collaboration opportunities.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 6:47 am

Volvo's electric vehicle (EV) deliveries to the US are expected to be delayed due to higher tariffs on China, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 5:46 pm

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