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Volvo Trucks will deliver fully electric heavy-duty trucks to Amazon in Germany by year end. The 20 Volvo FH Electric are expected to drive more than one million road kilometres annually, fuelled with electricity instead of diesel.
The Volvo Group report for the third quarter 2022 will be published on October 20, 2022 at 7.20 a.m. CEST.
Press release
09/14/2022
Break-through: Volvo Trucks starts series production of heavy electric trucks
As the first global truck manufacturer to do so, Volvo Trucks is now starting series production of heavy electric, 44 tonne* trucks.
Nina Aresund has been appointed new member of Volvo´s Group Executive Board and Executive Vice President Group Legal and Compliance. She will succeed Sofia Frändberg who after ten years will step down from her current role and continue as a senior leader for the Volvo Group.
The number of votes in AB Volvo has changed due to the conversion of a total of 21 Series A shares to a total of 21 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.
Jan Gurander will step down as Volvo Group Deputy CEO as of December 31[st], 2022. His other managerial assignments within the Group will gradually be distributed to other members of the Volvo Group Executive Board. After the turn of the year, Jan Gurander will stand available to President and CEO Martin Lundstedt´s disposal.
Press release
08/03/2022
Volvo Group starts process to establish plant for battery production in Sweden
To meet the growing demand for battery electric heavy-duty vehicles and machines, the Volvo Group has initiated the process to establish a large-scale production plant for battery cells in Sweden.
“The Volvo Group continued to perform well in Q2 2022 with strong growth and improved profitability. We increased our net sales by 31% to SEK 118.9 billion with good momentum both in the sales of vehicles and in the service business. The adjusted operating income rose to SEK 13.7 billion (9.7) and we achieved an adjusted operating margin of 11.6% (10.7). Also in this quarter, we have had extra costs related to supply chain disruptions as well as higher costs for material and have continued to work proactively and successfully with price management to mitigate these effects. Our return on capital employed reached 26.8% (23.4),” says Martin Lundstedt, President and CEO.
Press release
07/08/2022
Gothenburg, Sweden / Munich, Germany / Stuttgart, Germany – Today, the Volvo Group, Daimler Truck, and the TRATON GROUP completed the final step in forming the previously announced joint venture for charging infrastructure in Europe. The new joint venture, with Anja van Niersen as appointed CEO, is expected to have a significant role in supporting the European Union’s Green Deal for carbon-neutral freight transportation by 2050.
The Volvo Group report for the second quarter 2022 will be published on Juli 19, 2022, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST.
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