Volvo Group has completed the sale of shares in WirelessCar
Volvo Group has now completed the previously announced divestment of 75, 1 % of the shares in its wholly-owned subsidiary WirelessCar to the Volkswagen Group. The sales price amounted to SEK 1.2 billion.The divestment resulted in a positive impact on operating income of approximately SEK 1.5 billion and a positive cash flow effect of SEK 1.2 billion which will affect the Volvo Group's operating income and cash flow in the first quarter of 2019. 29 March, 2019 Journalists who would like further information, please contact: Claes Eliasson, Volvo Group, Media relations +46 31 323 72 29.