Press releases previous years

Pär Östberg, currently Executive Vice President Truck Joint Ventures (JVs) in the Volvo Group, has been appointed Executive Vice President of the holding company Industrivärden with responsibility for investment operations. In conjunction with Pär Östberg’s departure from the Volvo Group, Truck Joint Ventures will organizationally become part of Group Trucks Sales & Marketing and JVs APAC, headed by Joachim Rosenberg. As a result of this change, the former Group Trucks Sales & Marketing APAC operation will be renamed Group Trucks Sales & Marketing and JVs APAC.

“A truck that will carry us far into the future.” That is how Claes Nilsson, President of Volvo Trucks, summarizes the new versions of the Volvo FH and Volvo FH16 that will be released shortly.

Renault Trucks Defense, which is included in the Volvo Group’s Governmental Sales business area, is to acquire the French automotive manufacturer Panhard. The transaction is expected to be finalized during the fourth quarter of 2012. For implementation, approval is required from the relevant authorities.

The Volvo Group’s sales continued to grow during the second quarter. Net sales rose 6% to SEK 83.9 billion – representing the highest sales so far for a second quarter. Operating income totaled SEK 7.3 billion, which includes a positive impact of SEK 495 M as a result of VAT credits in Brazil. The operating margin of 8.7% is slightly lower than the year-earlier quarter, due primarily to a change in market mix.

The Volvo Group welcomes the new set of calls under the 7th EU Research and Technological Framework Program 2007-2013 and the budgetary envelope of EUR 8.1 billion dedicated to it.

AB Volvo hereby invites the media to a press conference on July 24 2012 in conjunction with the release of the Volvo Group on the second quarter 2012. The press conference will take place 09:00 at Tändstickspalatset in Stockholm.

Volvo Trucks is now presenting an engine tailored for the tough Euro 6 environmental standards. Nitrogen oxide emissions have dropped by 77 percent and particulate emissions have been halved. First off the mark is Volvo’s D13 460 hp engine, which today powers more than one-third of all Volvo trucks.

AB Volvo divests the Group’s subsidiary Volvo Aero to the global engineering company GKN for an enterprise value of SEK 6.9 billion.“GKN is a strong new owner for Volvo Aero,” says Volvo’s CEO Olof Persson. “GKN will provide Volvo Aero with the best possible conditions for continued advancement in its industry.”

Car drivers start their engines, electrical systems and instruments with the single push of a button. In the boating world it’s not quite that simple – yet. Volvo Penta has started development work for integrated, modularized and more user-friendly helm stations for the boats of tomorrow.

The number of votes in AB Volvo has changed due to the conversion of a total of 16,500 Series A shares to a total of 16,500 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares, which was entered in the Articles of Association at the 2011 Annual General Meeting.