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“During Q2 2021, demand for the Volvo Group’s products and services continued to be good. Net sales amounted to SEK 90.6 billion and we delivered an adjusted operating income of SEK 9.7 billion. In a quarter when shortages of semiconductors as well as other production materials resulted in substantial production stoppages affecting both volumes and costs negatively, we achieved an adjusted operating margin of 10.7%,” says Martin Lundstedt, President and CEO.
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The Volvo Group report for the second quarter 2021 will be published on July 20, 2021, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST.
`Press release
07/05/2021
Gothenburg, Sweden / Munich, Germany / Stuttgart, Germany – The three leading commercial vehicle manufacturers Volvo Group, Daimler Truck and the TRATON GROUP have signed a non-binding agreement to install and operate a high-performance public charging network for battery electric heavy-duty long-haul trucks and coaches across Europe. The joint aim is to initiate and accelerate the build-up of charging infrastructure to enhance customer confidence and to support EU’s transformation to climate-neutral transportation.
`Press release
07/01/2021
Volvo Penta starts production of E-driveline for world’s first serial electric fire truck
Volvo Penta has commenced production of bespoke electric drivelines for leading fire service vehicle manufacturer Rosenbauer’s pioneering fire truck, named “Revolutionary Technology” (RT).
`Press release
06/30/2021
New York City Department of Sanitation to purchase seven Mack® LR Electric models
Volvo Group’s subsidiary Mack Trucks announced today that the New York City Department of Sanitation (DSNY) plans to purchase seven Mack® LR Electric refuse models, which will operate in each of the city’s boroughs. Mack made the announcement during WasteExpo 2021, June 28-30 at the Las Vegas Convention Center.
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AB Volvo held an Extraordinary General Meeting on June 29, 2021. The Meeting resolved, in accordance with the Board of Director’s proposal, that an extra distribution of SEK 9.50 per share should be paid to the shareholders.
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Volvo Group’s climate targets are in line with what the latest climate science deems necessary to keep global warming at a maximum 1.5⁰ C. Volvo Group’s pathway to reach the goals of the Paris Climate Agreement has now been validated by the Science Based Targets initiative (SBTi). “We are committed to take the lead and transform our industry towards a more sustainable future,” says Martin Lundstedt, President and CEO of Volvo Group.
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AB Volvo hereby gives notice to the Extraordinary General Meeting Tuesday, June 29, 2021.
`Press release
06/02/2021
Volvo Penta acquires majority stake in marine battery systems pioneer ZEM AS
Volvo Penta is expanding its capabilities, experience, and range by becoming the majority shareholder of Norwegian marine battery and electric driveline solutions supplier ZEM AS.
`Press release
06/01/2021
AB Volvo's Board of Directors proposes a distribution of the proceeds from the sale of UD Trucks
AB Volvo's Board of Directors proposes that the proceeds from the sale of UD Trucks are to be distributed to the shareholders and will convene an Extraordinary General Meeting for a resolution on the proposal. The proposal entails a distribution of SEK 9.50 per share, corresponding to approximately SEK 19 billion. The Extraordinary General Meeting will be held on June 29, 2021.
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