Press releases

Volvo Financial Services (VFS) and Eicher Motors Limited today announced the intent to form a 50-50 joint venture to provide financing, leasing and other financial services for customers of Volvo and Eicher-branded commercial vehicles within the Indian market. Pending regulatory approval, the JV will be created by VFS India issuing new shares to Eicher in exchange for an equity investment of up to Rs 750 crores or approximately 730 MSEK. The exact investment will be determined at the time of closing per the transaction documents. The impact on earnings at the closing of the transaction will not be significant and will not have any cash flow effect on the Volvo Group.

• Press release – Volvo Financial Services and Eicher Motors Limited announce joint venture for financial services in India (PDF, 622 KB)

Volvo Group North America has reached a settlement with the California Air Resources Board (CARB). The settlement resolves allegations by CARB regarding the adequacy of the description of certain emission controls on model year 2010-2016 engines installed in Volvo Group trucks sold in California. The Volvo Group’s internal review found no evidence that anyone acted in bad faith, and the settlement is explicitly without admission of liability.

• Press release – Volvo Group North America has made a settlement with CARB (PDF, 496 KB)

The Assar Gabrielsson Foundation has awarded Ketan Thombare as the winner in the basic science research category and Louise Carstam and Ella Äng Eklund as the winner in the clinical research category. The prize recipients are rewarded with SEK 100,000 each as extra research grants, administered by the Sahlgrenska Academy at the University of Gothenburg.

• Press release – The Foundation Assar Gabrielsson Prize recipients 2026 awarded (PDF, 545 KB)

The number of votes in AB Volvo has changed due to the conversion of a total of 800,000 Series A shares to a total of 800,000 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.

• Press release - New number of votes in AB Volvo (PDF, 411 KB)

“In Q1 2026, the Volvo Group demonstrated continued resilience and operational strength, achieving solid profitability with an adjusted operating margin of 11.0% even as market volumes were lower compared to last year. Performance was good across all our business areas. Despite the ongoing geopolitical uncertainties, customer confidence in our products and services remained strong, reflected in good order intake and low cancellations throughout the quarter,” says Martin Lundstedt, President and CEO.

• Volvo Group – Report on the first quarter 2026 (PDF, 2 MB)
• Press release - Volvo Group – the first quarter 2026 (PDF, 551 KB)

After nearly 25 years of service with the Volvo Group, including three as President for Mack Trucks and head of Group Trucks North America, Stephen Roy has decided to retire. He will be succeeded by Wilson Lirmann, currently heading Volvo Trucks Latin America.

• Press release – Changes to the Volvo Group Executive Board and Mack Trucks management team (PDF, 430 KB)

The Volvo Group report for the first quarter will be published on April 24, 2026 at 7:20 a.m. CEST.

• Press release — Invitation to press and analyst conference in Stockholm (PDF, 421 KB)

AB Volvo held its Annual General Meeting on April 8, 2026. The Meeting was held at World of Volvo, Lyckholms Torg 1, in Göteborg, Sweden, with the option for shareholders to exercise their voting rights by advance voting (postal voting). Presentations by the Chairman of the Board and the President and CEO describing the work of the Board and the Volvo Group’s operations are available on AB Volvo’s website www.volvogroup.com.

• Press release – Annual General Meeting of AB Volvo (PDF, 593 KB)

The number of votes in AB Volvo has changed due to the conversion of a total of 745,007 Series A shares to a total of 745,007 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.

• Press release – New number of votes in AB Volvo (PDF, 456 KB)

Volvo Group (Volvo), Daimler Truck AG (Daimler Truck), cellcentric and Toyota Motor Corporation (Toyota) have signed a non-binding agreement to cooperate in the fuel cell system joint venture cellcentric. The three companies intend to collaborate based on an equal shareholding with Toyota as the third joint venture partner to cellcentric. The combination of the parties’ complementary experience and know-how will support and accelerate their joint objective to develop, produce and commercialise fuel cell systems for heavy-duty vehicles and other heavy-duty applications with comparable requirements. Additionally, Toyota and cellcentric intend to jointly manage the development and production of fuel cell unit cells—the core component of fuel cell systems— and directly linked architecture and control elements with the aim of creating competitive products based on the technologies of both companies.

• Press release – Toyota Motor Corporation aims to join Volvo Group and Daimler Truck as equal shareholder in the fuel cell joint venture cellcentric (PDF, 948 KB)