Volvo Group has completed the sale of shares in WirelessCar

Volvo Group has now completed the previously announced divestment of 75, 1 % of the shares in its wholly-owned subsidiary WirelessCar to the Volkswagen Group. The sales price amounted to SEK 1.2 billion.
1860x1050-news-common-volvo-sign

The divestment resulted in a positive impact on operating income of approximately SEK 1.5 billion and a positive cash flow effect of SEK 1.2 billion which will affect the Volvo Group's operating income and cash flow in the first quarter of 2019.

29 March, 2019

Journalists who would like further information, please contact: Claes Eliasson, Volvo Group, Media relations +46 31 323 72 29. 



For more information, please visit volvogroup.com/press 

The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The Volvo Group, which employs almost 105,000 people, has production facilities in 18 countries and sells its products in more than 190 markets. In 2018 the Volvo Group’s sales amounted to about SEK 391 billion (EUR 38,1 billion). The Volvo Group is a publicly-held company headquartered in Göteborg, Sweden. Volvo shares are listed on Nasdaq Stockholm.

Work with us

Get The Latest First

Subscription Service

  • Press Releases
  • Interim Reports
  • Annual Reports
When signing up for the subscription your email address will be stored by Cision in order to provide you the service. If you wish to stop the subscription please use the opt-out link in the end of each press release e-mail
THANK YOU
Subscription Activated

Related News

Invitation to the Volvo Group report on the fourth quarter 2020

The Volvo Group report for the fourth quarter 2020 will be published on February 3, 2021 at 7.20 a.m. CET. There will be a conference call for press and analysts starting at 9.00 a.m. CET....

Anna Westerberg new President Volvo Buses and member of Volvo Group Management

Anna Westerberg has been appointed as President Volvo Buses and new member of Volvo Group Management....

Volvo Penta launches industry’s first fully integrated Assisted Docking System at CES

New Assisted Docking automation technology gives the captain a whole new level of control, taking another important step toward self-docking and easy boating....