Volvo eyes sale of Arquus to John Cockerill, takes $87 million hit
(Reuters) -Sweden’s Volvo said on Monday it had signed an option agreement to sell its Arquus defence unit to John Cockerill Defense, and would book …
Volvo
Volvo Cars posts record annual sales but shares still dip
HELSINKI (Reuters) -Volvo Cars sold a record number of vehicles in 2023, it said on Friday, boosted by electric car demand and stabilising supply chains, …
Volvo Cars’ November sales rise 8%
COPENHAGEN (Reuters) – Volvo Cars’ sales grew 8% in November from a year earlier to 63,682 cars, the Sweden-based group said on Monday. Volvo Cars, …
Teens Arrested Following High-Speed Pursuit in Stolen Volvo
CLAYMONT, DE – Delaware State Police have apprehended two juveniles following a high-speed pursuit involving a stolen vehicle in Claymont on the night of November …
Volvo Cars Q3 profit jumps as costs fall
STOCKHOLM (Reuters) – Sweden-based automaker Volvo Cars reported a rise in third-quarter operating earnings on Thursday driven by strong volumes and lower costs for semiconductors …
Volvo Cars September sales rise 25%, demand up in China
STOCKHOLM (Reuters) -Volvo Cars’ sales rose 25% in September from a year earlier to 61,666 cars as sales grew in China as well as in …
Volvo to start production of electric trucks at Ghent factory
COPENHAGEN (Reuters) -Sweden’s Volvo will begin serial production of heavy battery electric trucks at its Ghent factory in Belgium, the truckmaker said in a statement …
Volvo Cars August sales up 18%, lifted by US, Europe
HELSINKI (Reuters) -Sweden’s Volvo Cars on Monday reported an 18% rise in monthly car sales for August compared to last year, propelled by European and …
Volvo Cars sales up 21% year-on-year in July
OSLO (Reuters) -Sweden’s Volvo Cars on Thursday reported a 21% rise in car sales in July from a year earlier, selling 54,165 vehicles, the company’s …
Volvo Cars June sales up 33% as fully electric car sales quadruple
COPENHAGEN (Reuters) -Sweden-based Volvo Cars on Wednesday reported a 33% year-on-year rise in June sales to 66,379 cars, helped by a spike for fully electric …
Volvo EVs to now have access to Tesla superchargers
(Reuters) – Swedish carmaker Volvo Cars said on Tuesday it had signed an agreement with Tesla to give its electric vehicles (EVs) access to the …
Volvo Buses to restructure in Europe, hitting 1,600 jobs
OSLO (Reuters) – Volvo Group will restructure its European bus-making operation in a bid to restore it to profitability, divesting from a Polish plant and …
Volvo Cars will not cut EV prices to follow Tesla’s lead – CEO
By Marie Mannes STOCKHOLM (Reuters) – Volvo Cars’ top executive said on Thursday that the Swedish automaker has no intention of cutting its electric vehicle …
Volvo Cars recalls around 106,900 cars worldwide
STOCKHOLM (Reuters) – Sweden-based Volvo Cars is recalling around 106,900 cars worldwide over a suspected fault related to the brakes, a Volvo Cars spokesperson said …
Volvo Cars’ sales growth accelerates to 12% in November
STOCKHOLM (Reuters) – Sweden-based Volvo Car AB said on Friday its sales grew 12% year-on-year in November to 59,154 cars. “Overall underlying demand for the …
Volvo Cars’ sales up 7% in October on “robust” underlying EV demand
STOCKHOLM (Reuters) -Sweden-based Volvo Car AB said on Wednesday its sales grew 7% year-on-year in October to 54,317 cars. “Overall underlying demand for the company’s …
Chip shortage forces temporary closure of Volvo Cars factory – GP
STOCKHOLM (Reuters) – Swedish automaker Volvo Cars will temporary close one of its factories due to a chip shortage, the company told newspaper Goteborgs-Posten on …
Volvo Cars resumes limited production at one China plant
STOCKHOLM (Reuters) – Volvo Cars said on Friday limited production had resumed on Tuesday at its auto plant in the Chinese city of Chengdu. The …
Volvo Cars to close China plant due coronavirus restrictions
OSLO (Reuters) -Sweden’s Volvo Cars will temporarily close its plant in the Chinese city of Chengdu due to local coronavirus restrictions, a company spokesperson said …
Truck maker Volvo Group plans to build battery plant
OSLO – Swedish truck maker Volvo Group plans to establish a large-scale production plant for battery cells, gradually building it up towards 2030 to meet …
Volvo Cars to leave ACEA car lobby group over climate goals
By Nick Carey LONDON – Volvo Cars said on Friday it will leave the European Automobile Manufacturers Association (ACEA) by the end of 2022, citing …
Sweden’s AB Volvo begins to lay off some Russian employees
HELSINKI – Truck maker AB Volvo had begun laying off some of its Russian staff and to scale down operations, but has not made a …
Volvo Cars says March sales fall 22%, hurt by chip shortage
STOCKHOLM – Volvo Cars said on Monday car sales in March fell 22% to 58,677 cars as the automaker faced shortages of a specific semiconductor. …
Volvo Cars cuts 2022 sales volume forecast due to chip shortage
STOCKHOLM – Volvo Cars said on Tuesday that a shortage of semi-conductors was hitting production and would likely to continue through the second quarter, forcing …
Volvo Cars to set up tech hub in Stockholm
STOCKHOLM – Volvo Cars will establish a tech hub in the Swedish capital of Stockholm it said on Friday, as it seeks to reach its …
Ford, Volvo join Redwood in EV battery recycling push in California
By Paul Lienert – Ford Motor and Geely Automobile’s Volvo Cars will join battery recycling startup Redwood Materials in developing processes, starting in California, to …
Volvo Cars to invest $1.1 billion in Swedish plant for switch to EVs
STOCKHOLM -Volvo Cars will invest 10 billion crowns ($1.1 billion) in its manufacturing plant in Gothenburg in the next few years to prepare for production …
Volvo to invest $283 million in Brazil by 2025
SAO PAULO – Volvo’s Brazilian unit announced on Wednesday that it will invest 1.5 billion reais ($283.36 million) in the country by 2025, after reporting …
Woman who flipped car on 25 MPH residential street gives car rave safety review
ROCKVILLE CITY, MD – A woman who was driving along a 25 mile-per-hour residential road struck a parked vehicle and flipped her car in a …