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The Volvo Group will hold a Capital Markets Day at Volvo Trucks’ operations in Dublin, Virginia, USA on November 14, 2024.
Press release
2024-03-11
The Volvo Group has signed an agreement according to the previously announced Letter of Intent with Westport Fuel Systems Inc to establish a joint venture to accelerate the commercialization and global adoption of Westport’s High Pressure Direct Injection (HPDI[TM]) fuel system technology for long-haul and off-road applications.
Volvo Group today published the Annual Report for 2023 on www.volvogroup.com.
Volvo Group Venture Capital AB has invested in Zacua Ventures Builders Fund I, L.P. - a global venture capital fund focused on early-stage technology for the construction industry.
AB Volvo (publ) (“Volvo”) gives notice to attend the Annual General Meeting at Konserthuset, Götaplatsen, Göteborg, Wednesday, March 27, 2024, at 3.00 p.m.
Press information from AB Volvo’s Election Committee
Press release
2024-02-01
Volvo completes acquisition of battery business from Proterra Inc. and Proterra Operating Company
The Volvo Group has today completed the previously announced transaction whereby the Group acquired the battery business from Proterra Inc. and Proterra Operating Company Inc.
Press release
2024-01-31
Volvo launches new trucks worldwide – future proofing its product portfolio
Volvo Trucks has unveiled an all-new heavy-duty truck platform for the North American market in parallel to a new heavy-duty truck range for Europe, Australia and markets in Asia and Africa. New energy efficient models – including trucks running on electricity and renewable fuels – will reduce CO2 emissions and take the company closer to the target of having a net-zero emission product range by year 2040.
“For the full year 2023, we increased net sales by almost SEK 80 billion to SEK 553 billion and the adjusted operating income to SEK 77.6 billion (50.5), with an adjusted operating margin of 14.0% (10.7). Return on capital employed in the Industrial Operations increased to 36.7% (27.4). We also generated a strong operating cash flow of SEK 45.8 billion (35.3) and ended the year with a net cash position of SEK 83.4 billion in the Industrial Operations, pension and lease liabilities excluded. Thanks to our strong finances, we can continue to provide a good return to our shareholders and at the same time invest in and seize opportunities in the ongoing industry transformation to more sustainable solutions. The Board of Directors proposes an ordinary dividend of SEK 7.50 per share and an extra dividend of SEK 10.50 per share,” says Martin Lundstedt, President and CEO.
Volvo Group has signed an option agreement with John Cockerill Defense which gives the Volvo Group the right to sell Arquus after mandatory consultations with staff representative bodies. The consultations are expected to be finalized in Q1 2024. As a result of the option agreement, the Volvo Group’s operating income will be negatively impacted by approximately SEK 900 M in the fourth quarter of 2023.
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