The Volvo Group’s sales for the second quarter of 2013 recovered considerably compared with the first quarter of 2013 and amounted to SEK 72.8 billion, up 25%. Profitability also improved thanks to higher sales volumes and better ...
Tags: Volvo Group, trucks
Nova Bus, a subsidiary of Volvo Buses, has won a contract to supply 475 hybrid buses from Association du transport urbain du Québec (ATUQ), a consortium of the Quebec's nine transit authorities in Canada. The order also includes ...
Tags: Nova Bus, hybrid buses, ATUQ
Swedish auto manufacturer Volvo Group has signed an agreement with Hubei Province-based state-owned Chinese auto company Dongfeng Motor Corporation (DFG) to acquire a 45 percent stake in DFG’s new subsidiary Dongfeng Commercial ...
Tags: Volvo Group, Dongfeng Motor Corporation, commercial vehicles
Swedish automobile manufacturer Volvo is planning to slice its trucks production following the 17% slump in its global sales in November 2012. During the month, truck deliveries in Europe declined 13% to 3,835 units, while deliveries in ...
Tags: Volvo, Truck Production, Sluggish Demand
Swedish automobile manufacturer Volvo has signed a loan agreement of €922m with China Development Bank to pay back present loans. The loan with maturity in 2020 is considered to be the first step of the agreement and is expected to ...
Tags: automobile manufacturer, Volvo, automobile, loans
Renault has announced the sale of its complete shares in the AB Volvo group to reduce the debts and improve its financial position. The company is selling the shares which represent 6.5% of the total shares and 17.2% of the voting rights ...
Tags: Volvo Shares, Volvo group, Renault, Volvo
Volvo Penta will supply engines for a number of airport fire-fighting vehicles from the company Rosenbauer. As per the new agreement, Volvo will deliver more than 100 16-liter diesel engines per year which will be fitted into such ...
Swedish bus, truck and construction equipment manufacturer AB Volvo has signed a letter of intent (LOI) with MAPE to sell its crankshaft plant located in Leganes, Spain, as a part of restructuring and cost-cutting plan. The LOI includes ...
Tags: bus, truck, construction equipment, AB Volvo, crankshaft
Heavy equipment arm of Swedish giant grows Chinese market share as nation becomes part of company's DNA Born to a blue-collar family, Patrick Olney, president and chief executive officer of Volvo Construction Equipment, a subsidiary of ...
Tags: market views, heavy equipment