Truck Makers Face Retrial in Europe in Price-Fixing Case
Daimler Truck Holding AG and Volvo AB will face a retrial in a 560 million euros ($603 million) case over a price fixing cartel, a German appeals court ruled.
Volvo Car Just Made Its Last Diesel Vehicle
Volvo Car AB produced its last automobile with a diesel engine this week, ending an era for the manufacturer that plans to only make electric vehicles by 2030.
Volvo Reports 20% Revenue Boost for Q3, Sees Sales Dip in 2024
Volvo Group on Oct. 18 announced gains in global profit and revenue for the third quarter, but forecast that global truck sales next year will fall compared with 2023 levels.
Geely: All Options Open on Volvo Stake After Daimler Sale
Volvo AB’s second-largest shareholder, Geely, said while it’s not currently planning any changes to its position, “anything is possible” in the future.
Volvo Q2 Prosperity Tied to Record Quarterly Truck Sale Revenue
Volvo Group reported higher second-quarter net income as revenue from truck sales rose 51% to set a quarterly record.
EV Maker Polestar Raises $550 Million From New Investors
Polestar, the electric carmaker controlled by Volvo Car AB and its owner Zhejiang Geely Holding Group Co., has raised $550 million from new investors to help fund its growth.
The Urban Garbage Truck Gets a High-Tech Battery Makeover
Automakers from Tesla Inc. to Ford Motor Co. are developing ever-sleeker, futuristic-looking electric cars. Volvo AB has something a little different in the race: the battery-powered garbage truck.
Daimler, Volvo Win Dismissal of $950 Million Cartel Suit
Daimler AG, Volvo AB and other truck makers won dismissal of a 867 million-euro ($950 million) lawsuit claiming customers were overcharged in a price-fixing cartel.
Volvo Counting on Hybrid Cars to Pay Hefty CO2 Fines
Volvo Car AB is counting on tripling sales of plug-in hybrid models this year as a way to avoid paying what could amount to hundreds of millions of euros in European penalties for the sale of its more polluting yet popular combustion-engine SUVs.
Volvo Exploring Closer Ties With Shareholder Geely in China
Volvo AB is exploring closer ties with Zhejiang Geely Holding Group Co. in China, in a sign the Swedish truckmaker and its largest investor are taking steps to collaborate.