Volvo abandons EV target in face of sales slump

10:53am, Wednesday, 04'th Sep 2024
Volvo has abandoned to plans to make only electric-powered vehicles by 2030, with 10% ‘mild hybrids' or petrol-powered cars now part of its schedule. The Swedish icon, which is owned by Chinese grou
Swedish automaker Volvo Cars on Wednesday abandoned its near-term goal of only selling electric vehicles, citing a need to be "pragmatic and flexible" amid changing market conditions and cooling deman
Volvo Cars said concerns about tariffs, the withdrawal of government incentives, and a lack of charging infrastructure had led to it weakening ambitions it first set out in 2021
Volvo Cars said on Wednesday that plug-in hybrids would continue to be a critical part of its profit growth plans over the next few years and that it would revamp its XC90 hybrid sports utility vehicl

Volvo Cars scales back electric vehicle ambition

08:12am, Wednesday, 04'th Sep 2024
Swedish automaker Volvo Cars said on Wednesday it had abandoned is ambition of selling only fully electric cars in 2030, and would instead allow plug-in vehicles as well as some hybrid engine cars as
Automaker Volvo Cars said on Wednesday it will deliver its EX90 SUV to the first customers before the end of this month after it had experienced extensive delays.
Volvo has announced the upcoming launch of a new electric truck capable of covering 600 kilometres (373 miles) on a single charge designed to meet the growing demand for zero-emission freight transp
Sweden's Volvo will launch a long-range variant of its FH Electric truck, capable of covering up to 600 km (373 miles) on a single charge, its truckmaking arm said on Tuesday.
The "software-defined car" trend is revolutionizing the auto industry, with Volvo's EX90 SUV exemplifying the shift towards vehicles packed with digital technology. Nvidia's powerful chips are crucial
Sweden's AB Volvo has picked Monterrey in northern Mexico as the site for its new North American heavy-duty truck factory and expects construction to cost $700 million, it said on Friday.

Volvo wins order for 300 electric trucks from DSV

04:08am, Thursday, 22'nd Aug 2024
Sweden's AB Volvo said on Thursday it had received an order for 300 electric trucks from Danish logistics firm DSV.
The all-electric 2025 Volvo EX30 is a compelling new subcompact SUV with impressive range and performance, attractive pricing, and design for days. Pricing starts at $34,950.

Volvo Group: A Hold After Earnings

11:20pm, Wednesday, 24'th Jul 2024
Volvo Group shows conflicting ratings: sell from SA and WS analysts, strong buy from Quant. Q2 2024 earnings review shows flat sales, decreased operating margin, but increased EPS and ROCE. In this ar
By 8:30 a.m. London time shares had rise by 7.35%.
Swedish truck maker AB Volvo reported on Thursday a bigger rise than expected in second-quarter operating profit and said demand continued to normalise compared with the high levels of 2023.
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