Volvo’s IPO Marks One of Europe’s Biggest in 2021
Volvo Car AB gained in its trading debut in Stockholm after raising 20 billion kronor ($2.3 billion) in an initial public offering, as investors bought into the company’s successful turnaround and promise of an electric future.
Volvo Income, Revenue Rise Despite Supply Chain Disruptions
Volvo Group reported strong third-quarter earnings and revenue gains in the face of chip shortages and other issues caused by global supply chain disruptions.
Volvo Warns More Chip Woes Will Curtail Truck Production
Volvo Group said the chip shortages and supply chain snarls will continue to cap truck making, leaving the Swedish manufacturer with little choice but to turn away some customers.
Volvo Integrates Aurora Driver on Autonomous VNL Model
Volvo Autonomous Solutions announced its first major steps toward the autonomous Volvo VNL model in North America, drawing on its partnership with Aurora Innovation Inc., a self-driving vehicle technology company.
Volvo Wins Biggest Electric Truck Order
Volvo Trucks announced DFDS, one of Europe’s largest shipping and logistics companies, placed an order for 100 Volvo FM series electric trucks, and noted it is the truck maker’s largest such order and one of the largest of its type yet in trucking.
Volvo Recalls 460,000 Cars After Air Bag-Rupture Fatality
Volvo Car AB is recalling more than 460,000 vehicles worldwide over risk an air-bag component that has bedeviled automakers for years could rupture into metal fragments and strike drivers.
Labor Shortage Leaves Union Workers Feeling More Emboldened
With help wanted signs at factories and businesses spreading across the nation, union workers are seizing the opportunity to try to recover some of the bargaining power — and financial security — they feel they lost in recent decades as unions shrank in size and influence.
Volvo, Bendix Work to Boost Safety, Driver Training
Volvo Trucks North America is offering the fifth generation SafetyDirect processor (SDP5 Full) from Bendix Commercial Vehicle Systems as a factory-installed option on Volvo VNL, VNR and VHD models.
July 23, 2021Volvo Group Earnings Rise on Global Vehicle Sales
Volvo Group reported strong second-quarter earnings and revenue as sales in its global vehicle-related segment rose 41% compared with a year earlier.
Volvo, Albertsons Complete First Zero-Emission Frozen Food Shipment
Albertsons Cos. completed the nation’s first delivery of a refrigerated grocery load with zero-tailpipe emissions technology by deploying a Volvo electric truck and an Advanced Energy Machines electric trailer.