AB Volvo

VOLV B

SE0000115446

Heavy Machinery & Vehicles

Market Closed - Nasdaq Stockholm Other stock markets 11:29:32 2024-05-17 am EDT			5-day change	1st Jan Change
284.2 ^SEK	+0.11%		+0.57%	+8.60%

May. 18	UAW's stinging loss in Alabama won't kill national organizing effort	RE
May. 17	German Stocks Down; ECB's Schnabel Talks June Rate Cut	MT

Volvo: EU green light for joint venture with Westport

May 07, 2024 at 07:02 am EDT

The European Commission has approved the creation of a joint venture between Volvo and the Canadian firm, Westport Fuel Systems.

The transaction mainly concerns the development and sale of alternative fuel systems and components to the automotive industry.

The Commission concluded that the notified transaction would not raise competition concerns, given that the joint venture has negligible activities in the European Economic Area.

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Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	AB VOLVO	284.2 SEK	+0.11%	+0.57%	54.35B
	WESTPORT FUEL SYSTEMS INC.	8.58 CAD	+0.35%	+8.33%	109M

Latest news about AB Volvo

UAW's stinging loss in Alabama won't kill national organizing effort	May. 17	RE
German Stocks Down; ECB's Schnabel Talks June Rate Cut	May. 17	MT
Daimler Truck: joint venture with Volvo in VDS	May. 17	CF
Daimler Truck, Volvo to Partner on Software-Based Production Platform -- Update	May. 17	DJ
Volvo Group, Daimler Truck Plan Software-defined Vehicle Platform JV	May. 17	MT
Daimler Truck, Volvo to Partner on Software-Based Production Platform	May. 17	DJ
Daimler Truck and Volvo intend to form software joint venture	May. 17	RE
VOLVO B : Goldman Sachs keeps its Buy rating	May. 15	ZD
Nordic Shares Closed Up Tuesday; Volvo Car Series B Led Increases	May. 14	DJ
Stricter CO2 regulations for trucks and buses in the EU finalized	May. 13	DP
VOLVO B : UBS remains a Sell rating	May. 13	ZD
Volvo Car Completes Distribution to Shareholders of Polestar Automotive Stake	May. 13	MT
Amazon unveils first electric seaport trucks amid push to slash tailpipe emissions	May. 07	RE
Amazon unveils first electric seaport trucks amid push to slash tailpipe emissions	May. 07	RE
European Watchdog Green-lights Volvo, Westport Fuel Systems JV	May. 07	MT
Volvo: EU green light for joint venture with Westport	May. 07	CF
Volvo Cars Posts Higher Sales in April	May. 06	MT
Volvo Cars April sales rise 27% year-on-year	May. 06	RE
Rivian Automotive Names Javier Varela as Chief Operations Officer	May. 03	MT
EV startup Rivian hires Volvo veteran Varela as operations chief	May. 03	RE
Volvo Cars Deputy CEO/COO Steps Down; Three New Division Chiefs Named	May. 02	MT
Volvo Cars Hires Banks for Potential Green Bond Offering	Apr. 29	MT
VW's trucks arm Traton posts higher sales even as markets normalise	Apr. 26	RE
Nordic Shares Declined Wednesday; Svenska Handelsbnkn Ser A Fell Furthest	Apr. 24	DJ
Global markets live: Heineken, AT&T Hasbro, Visa, Boeing...	Apr. 24

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Company Profile

AB Volvo is the leading European truck maker and No. 3 worldwide. Net sales break down by activity as follows: - sales of trucks (66.3%): 246,272 vehicles sold in 2023 (names Volvo, Renault, Eicher and Mack); - sales of construction equipment (18.7%): excavators, loaders, backhoes, hydraulic shovels, graders, dump trucks, etc.; - financial services (4.3%); - bus and chassis sales (4%): world's No. 2 largest manufacturer; - sales of parts, control systems, and marine and industrial motors (3.7%): for commerce and cruise ships and for industrial applications (irrigation units, lifting trucks, electrical generators, etc.); - other (3%). Net sales are distributed geographically as follows: Europe (42.8%), North America (29.8%), Asia (12%), South America (8.9%), Africa and Oceania (6.5%).

Sector

Heavy Machinery & Vehicles

Calendar

2024-07-17 - Q2 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR)

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Analysis / Opinion

VOLVO : Target upgrade by 14.1%

April 22, 2024 at 10:18 am EDT

INTERVIEW - Jim Rowan, CEO of Volvo Car: improved profitability thanks to lower lithium prices and price increases

July 20, 2023 at 06:15 am EDT

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Ratings for AB Volvo

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Investor Rating

ESG Refinitiv

A-

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Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

284.2 SEK

Average target price

313.8 SEK

Spread / Average Target

+10.41%

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Company calendar

Sector Heavy Trucks

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Heavy Trucks

AB Volvo

Equities

VOLV B

SE0000115446

Heavy Machinery & Vehicles

Volvo: EU green light for joint venture with Westport

Stocks mentioned in the article

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