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The number of votes in AB Volvo has changed due to the conversion of a total of 175,000 Series A shares to a total of 175,000 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.
Lars Stenqvist, member of the Volvo Group Executive Board and Group Chief Technology Officer has decided to step down from his current role after nine years of service and continue in the Group as a senior leader. He will be replaced by Jens Holtinger, currently member of the Executive Board and Executive Vice President Group Trucks Operations.
Volvo Group’s engine plant in Skövde, Sweden, has been awarded up to €49 million from the EU Innovation Fund to support the CarbonSmart Factory project: SPACE. This initiative aims to advance Volvo’s transformation through net-zero innovation and clean technology.
Press release
2025-06-24
Volvo Construction Equipment refocuses its presence in China – divests its shares in SDLG
Volvo Construction Equipment (Volvo CE) has signed a contract to sell its ownership in China-based SDLG (Shandong Lingong Construction Machinery Co) to a fund predominantly owned by the Lingong Group (LGG) for SEK 8 billion (6 billion RMB.) The transaction is expected to have a positive effect of SEK 1 billion on operating income at the time of closing, subject to currency fluctuations. Going forward, Volvo CE will be targeting focused customer segments in China and enhance its utilization of the Chinese supplier eco system.
Volvo Construction Equipment (Volvo CE) has come to an agreement with Lantmännen to acquire the Swecon’s business operations in Sweden, Germany and the Baltics including Entrack. Volvo CE will pay 7 billion SEK for the acquisition, which is subject to regulatory approval. Closing of the deal is anticipated in second half of 2025.
Press release
2025-06-17
Volvo Group and Daimler Truck, two of the leaders in the commercial vehicle industry, announce the launch of Coretura AB, their joint venture aimed at transforming the commercial vehicle industry through a new software-defined vehicle platform and establishing a new industry standard. Coretura will enable Volvo Group and Daimler Truck and other future customers to provide differentiating stand-alone digital vehicle applications for their products.
Press release
2025-06-10
Volvo Construction Equipment announces strategic investment in global crawler excavator production
Volvo Construction Equipment (Volvo CE) announces a strategic global investment in crawler excavator production at three key Volvo CE locations to meet growing customer demands, mitigate supply chain risks through localized production and reduce reliance on long-distance logistics.
Press release
2025-05-28
Volvo achieves milestone with over 1 million tonnes hauled autonomously at Brønnøy Kalk
Volvo Autonomous Solutions (V.A.S.) has reached a major milestone in mining efficiency and productivity, successfully hauling over one million tonnes of limestone autonomously for customer Brønnøy Kalk in Norway. This achievement underscores the transformative impact of autonomous technology in the mining and quarrying industries.
Press release
2025-05-18
Andrea Fuder, Chief Purchasing Officer at Volvo Group has tragically passed away
Andrea Fuder, Chief Purchasing Officer and a member of the Volvo Group Executive Board since 2017, has tragically passed away following a short illness. Andrea led the global purchasing team and its ecosystem of supply partners through one of the most significant transformations the industry has ever seen, including navigating the pandemic, supply shortages, and an increasing volatile geopolitical landscape. She was instrumental in driving the Volvo Group transition towards more sustainable transport solutions.
The Assar Gabrielsson Foundation has awarded Marcus Borenäs as the winner in the basic science research category and Elizabeth Schepke 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.
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