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The number of votes in AB Volvo has changed due to the conversion of a total of 50 Series A shares to a total of 50 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
11/15/2022
Volvo Group and Pilot Company to create partnership for charging network in North America
The Volvo Group and North American-based Pilot Company have signed a Letter of Intent for the development of public, high-performing charging infrastructure for medium- and heavy-duty electric vehicles.
Press release
11/10/2022
World-first: Volvo delivers electric trucks with fossil-free steel to customers
As the world’s first truck manufacturer to do so, Volvo has begun using fossil-free * steel in its trucks. The first electric trucks with fossil-free steel are now being delivered to customers.
Innovation Rock Stars is a video podcast series about innovation. A virtual stage for real-life stories about innovation, foresight, strategy and growth. Success or failure, opportunities or challenges, growth, or survival – in this series of podcasts, you’ll learn about the journey of the most innovative companies around the globe.
The Conference of the Parties of the United Nations Framework Convention on Climate Change (COP27) takes place this year between November 6-18th in the Egyptian resort of Sharm El-Sheikh. The event represents a defining moment in the global response to the impacts of climate change.
Volvo Group, UNESCO and the Embassy of Sweden in Pakistan have collaborated to bring the Swedish favorite, Pippi Longstocking, to the children of Pakistan.
In 2025, Volvo Group’s truck plant in Ghent, Belgium will start to produce battery modules. To date, partners supply both cells and modules to the Group. The investment decision to install battery module manufacturing capacity in Ghent is another important step for the Volvo Group to shape its future value chain for battery systems. The battery module manufacturing line in Ghent will be able to use battery cells both from partners and from the planned battery cell plant in Sweden.
Volvo Group, Qamcom Group and the inventor Roman Iustin form a new start-up company, Fyrqom AB. The new company will offer an automated system for calibration of the tire pressure monitoring system on heavy-duty vehicles.
Press release
10/24/2022
Small pieces of plastics are widely spread all over the world's oceans and ingested by living creatures. Microplastics are found in zooplankton, fish, seabirds, whales, seals, and also in humans. Yet, the long-term effects of this plastic pollution threat are still largely unknown. Three scientists, Richard Thompson, Tamara Galloway, and Penelope Lindeque, that have conducted ground-breaking research in understanding the impact of microplastics on humans and the environment are this year's laureates of the Volvo Environment Prize (https://www.environment-prize.com/).
“In Q3 2022, the Volvo Group’s strong growth continued. We increased our net sales by 35% to SEK 114.9 billion with a good development both in the sales of vehicles and in the service business. The adjusted operating income rose to SEK 11.9 billion (9.4) with an adjusted operating margin of 10.3% (11.0). A reduction in working capital contributed to a strong operating cash flow of SEK 14.6 billion (-5.7) in Industrial Operations. Return on capital employed improved to 27.4% (25.6),” says Martin Lundstedt, President and CEO.
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