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  • Claes Eliasson

    Head of Media Relations, Volvo Group


    +46 76-553 72 29
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    Changes in Volvo’s management

    Roger Alm has been appointed as a new member of Volvo’s Group Executive Board and President Volvo Trucks. He will replace Claes Nilsson, who after a long and successful career will retire from his position from January 1, 2019. In parallel, Diana Niu has been appointed as a member of the Group Executive Board and Executive Vice President Group Human Resources for Volvo Group.   Roger Alm, born in 1962, currently holds the position as President for the European Division at Volvo Trucks. His career at Volvo Trucks began in 1989 and he has held many senior positions at the company,

    Volvo Group – the third quarter 2018

    “In the third quarter of 2018, demand was robust, with both our vehicle and service business continuing to grow at a good pace. We increased net sales to SEK 92.3 billion, with a currency-adjusted growth of 13%, and improved the adjusted operating income by SEK 3.3 billion to SEK 10.2 billion and the adjusted operating margin to 11.1% (9.1). Although this is the best third quarter ever for the Group, it does not mean that we have reached our full potential. There is more to do to improve profitability and drive cash flow,” says Martin Lundstedt, President and CEO.· In Q3 2018 net sales

    Volvo Group – the second quarter 2018

    “Demand in our main markets was solid in the second quarter of 2018, and both our vehicle and service business continued to grow at a good pace. Our net sales increased by 18% to SEK 104 billion, we improved the adjusted operating income by SEK 3 billion to SEK 11.5 billion and we reached an adjusted operating margin of 11.1% (9.6). This is the first time that the Volvo Group’s sales have exceeded SEK 100 billion in a single quarter and it is also the first time the operating margin is above 10%,” says Martin Lundstedt, President and CEO.·In Q2 2018 net sales increased by 18% to SEK 103.6

    AB Volvo publishes Annual and Sustainability Report 2017

    Volvo Group today published the Annual and Sustainability Report 2017 on www.volvogroup.com.Under the theme Driving Performance and Innovation the report outlines the strategy and activities that contributed to 2017 being a record year in terms of sales and profitability. The report highlights the Volvo Group’s strong position within new technologies such as electromobility, automation and connectivity and it gives a full description of new products launched during 2017. Sustainability is at the core of the Volvo Group’s mission of driving prosperity through transport solutions and is an

    Volvo Group intends to initiate a process to divest Governmental Sales

    Volvo Group intends to initiate a process in order to divest its Governmental Sales business area.Volvo Group has conducted a strategic review of the Governmental Sales business area and intends to initiate a process to divest this business. “Governmental Sales has built a very strong position over the last few years with a positive development and a record order book. There are great opportunities to grow the business even further, however, we believe that a new owner may be better placed to take the business to the next level. Consequently, we intend to start preparations to divest the

    Volvo Group delivers recommendations on sustainable transport to UN Secretary-General

    Today Volvo Group CEO Martin Lundstedt, in his role as co-chair of the High-Level Advisory Group on Sustainable Transport, submitted a report to United Nations Secretary-General Ban Ki-Moon containing ten recommendations on how sustainable transport can advance sustainable development.The report calls for increased international development funding, supportive legislation and incentives to promote new transport technologies. The report also highlights ElectriCity, the Volvo Group’s full-electric bus route in the city of Göteborg, as an innovative collaboration in the field of new, clean

    Small worlds demonstrate the greatness of Volvo in a new film

    Every day vehicles transport goods and people between large cities and small villages via freight terminals and ports. With the help of some of Europe's most well-known miniature worlds, Volvo shows that the group's trucks, buses, construction machines and engines are essential to the everyday life of people all around the world."We want to make it clear that our products and services are like a circulation system. We take food to stores, people to work and medicines to hospitals. The miniature worlds are the perfect environment for demonstrating this. We begin in the Swedish countryside

    Volvo Group – the fourth quarter and full year 2015

    2015 was a year of largely unchanged volumes, with the exception of construction equipment, where demand declined considerably. Our profitability improved with the operating margin excluding restructuring charges going from 3.0% in 2014 to 8.2% in 2015. This was thanks to cost reductions, but was also helped by positive currency development and capital gains from selling shares.THE FOURTH QUARTER 2015 · In the fourth quarter net sales increased by 3% to SEK 79.6 billion (77.5). Adjusted for currency movements and acquired and divested units sales decreased by 1%. · Operating

    Refuse truck driver is supported by robot

    Imagine a robot that quietly and discreetly enters your neighborhood, collects your refuse bin and empties it into the refuse truck. It is done without waking the sleeping families and without heavy lifting for the refuse truck’s driver. This is the purpose of ROAR, a joint project with the aim to develop tomorrow's smart transport solutions.The Volvo Group is currently working on a joint venture together with Chalmers University of Technology and Mälardalen University in Sweden, Penn State University in the United States, and the waste recycling company Renova, to develop a robot that

    New number of votes in AB Volvo

    The number of votes in AB Volvo has changed due to the conversion of a total of 2.776.262 Series A shares to a total of 2.776.262 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.Today, July 31, the last trading day of the month, there are a total of 2.128.420.220 registered shares in AB Volvo. Of these 505.632.785 are Series A shares and 1.622.787.435 Series B shares. The number of

    Volvo continues to invest in attracting young people to the industry

    Volvo Group’s three-year initiative, the Volvo Step, will continue and become part of the business operations. A new round of vocational training will commence in autumn at 11 of Volvo Group’s facilities, offering 100 participants a paid, one-year training course in industrial production.When the third round of Volvo Step participants graduate at the end of October, a total of 1,200 young people will have completed the training course and acquired skills for a future in this industrial sector. Due to the positive response to the Volvo Step, Volvo Group has decided to continue the training

    Invitation to press and analyst conference in Stockholm

    AB Volvo hereby invites the media to a press conference on April 24, 2015 in conjunction with the release of the Volvo Group report for the first quarter 2015. The press conference will take place 9:00 a.m. at Tändstickspalatset in Stockholm.The report is scheduled to be released at 7:20 a.m. CEST April 24. Press conference The press conference will begin at 9.00 a.m. CEST and will be held at Tändstickspalatset, V Trädgårdsgatan 15 in Stockholm. President and CEO Olof Persson will participate in the press conference. The press conference will be webcast on www.volvogroup.com and

    Annual General Meeting of AB Volvo

    The Annual General Meeting of AB Volvo held on April 1, 2015, approved the Board of Directors’ motions that a dividend of SEK 3.00 per share be paid to the company’s shareholders. The record date for dividends was decided to be April 7, 2015.The income statement and balance sheet as well as the consolidated income statement and the consolidated balance sheet were adopted. In accordance with the Board of Directors’ motion, it was resolved that a dividend of SEK 3.00 per share would be paid to the shareholders. April 7, 2015, was decided as the record date for the right to receive dividends.

    Technology award for dual clutch for trucks

    The I-Shift Dual Clutch transmission uses technology from the sports car industry to lift the driveability in heavy trucks to a whole new level. It is the first dual-clutch transmission for serial produced heavy vehicles, and the engineers responsible for the solution will receive Volvo’s technology award for 2014.Dual clutch technology means that two gears can be engaged simultaneously and which one is active is controlled by the clutches. Changing from one active gear to another is done in an instant by simply switching from one clutch to the other. The greatest advantage of the I-Shift

    New number of votes in AB Volvo

    The number of votes in AB Volvo has changed due to the conversion of a total of 3,000,000 Series A shares to a total of 3,000,000 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.Today, March 31, the last trading day of the month, there are a total of 2,128,420,220 registered shares in AB Volvo. Of these 510,114,267 are Series A shares and 1,618,305,953 Series B shares. The number of

    AB Volvo publishes its sustainability report for 2014

    The Volvo Group’s strategy for sustainable transport solutions, renewed and more extensive commitment to the WWF, as well as a new program for social commitment focused on the Group’s business needs. Today, the Volvo Group publishes its sustainability report showing the Group’s efforts in responsible enterprise, social commitment and sustainable development.The sustainability report is a supplement to the Volvo Group’s annual report. The report describes how the Volvo Group focuses on financial, social and environmental sustainable development and is a key platform for dialog with investors,

    Volvo to train service technicians in Zambia

    To increase job opportunities and improve the general level of education for service technicians, the Volvo Group is initiating an apprenticeship training program in Zambia together with the Swedish International Development Cooperation Agency (Sida) and the United Nations Industrial Development Organization (UNIDO). The program will be run in collaboration with local authorities and a total of 140 students will be trained every year.The need for practical vocational expertise is very high in Zambia. The existing training does not meet the demand from the industry, which has resulted in

    Truck deliveries in February 2015

    Deliveries from the Volvo Group’s truck operations in February 2015 amounted to 15,456 vehicles. This was a decrease of 1% compared with the year-earlier month.Volvo Group Deliveries in North America increased by 32% in February thanks to a continuously high demand due to fleet renewal and a good economic development in general. Deliveries in Europe increased by 13%, the increase was mainly due to higher deliveries of Renault Trucks (+35%). Deliveries declined by 73% in South America, primarily due to lower deliveries in Brazil where a slow economic development combined with more

    AB Volvo publishes 2014 Annual Report

    Today, Wednesday, March 11, AB Volvo is publishing its 2014 Annual Report on www.volvogroup.comThe Annual Report is available both as a web version and as a PDF document for downloading. March 11, 2015. Journalists who would like further information, please contact Kina Wileke +46 (0)31-323 7229 or +46 (0)765-537229. For more stories from the Volvo Group, please visit http://www.volvogroup.com/globalnews. The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete

    Volvo sells holding in the listed Indian company Eicher Motors Limited

    The Volvo Group has sold 1,270,000 shares in the listed Indian automotive manufacturer, Eicher Motors Limited, for an amount totaling approximately SEK 2,5 billion. The divestment of shares has no effect on ownership or the development of the longstanding joint venture, VE Commercial Vehicles. The sale will have a positive impact on the Volvo Group’s cash flow after net investments and net financial debt in a corresponding amount in the first quarter of 2015. The sale will also generate a capital gain of approximately SEK 2,4 billion, which will impact operating income in the Trucks segment

    Annual General Meeting of AB Volvo

    AB Volvo’s Annual General Meeting will take place on Wednesday, April 1, 2015 at 3.00 p.m. at Konserthuset, Götaplatsen, in Göteborg.Shareholders who wish to participate at the Annual General Meeting must be recorded as a shareholder in AB Volvo’s share register on March 26, 2015 and must also give notice of their intention to participate at the Meeting to AB Volvo no later than March 26, 2015. Notice of intention to participate at the Meeting may be given from March 2, 2015 by telephone to +46 8 402 90 76, or by mail addressed to AB Volvo (publ), “AGM”, P O Box 7841, SE-103 98 Stockholm,

    Martina Merz and Eckhard Cordes proposed as new Board members of AB Volvo

    The Election Committee of AB Volvo has proposed Martina Merz and Eckhard Cordes for election as new Board members at the Annual General Meeting on April 1, 2015. The Election Committee has also resolved to propose the reelection of Chairman Carl-Henric Svanberg and Board members Matti Alahuhta, James W. Griffith, Kathryn V. Marinello, Hanne de Mora, Anders Nyrén, Olof Persson and Lars Westerberg. Jean-Baptiste Duzan will not stand for re-election.Martina Merz, 51, recently relinquished her position as CEO of the global brake manufacturer Chassis Brakes International. Prior to that, she

    Truck deliveries in January 2015

    Deliveries from the Volvo Group’s truck operations in January 2015 amounted to 13,055 vehicles. This was a decrease of 4% compared with the year-earlier month.Volvo Group Deliveries in North America increased by 14% in January thanks to a continuously high demand due to fleet renewal and a good economic development in general while deliveries in Europe were at the same level as in January 2014. Deliveries declined by 66% in South America, primarily due to lower deliveries in Brazil. In Asia truck deliveries increased by 3%. Total deliveries by market for all brands (Volvo, Mack,

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