Author: Volvo Official News

@Geely-Volvo: Volvo Cars refinances SEK5 billion of existing preference shares

Volvo Cars has issued SEK5 billion worth of convertible preference shares to a group of Swedish institutional investors, comprising Swedish pension fund AMF and Swedish insurance and pension savings group Folksam.   The preference shares may be repurchased or converted into common shares of Volvo Car AB. No further details on the terms of sale… Continue reading @Geely-Volvo: Volvo Cars refinances SEK5 billion of existing preference shares

@Geely-Volvo: Volvo Cars reports 11.6 per cent global sales growth in November

Volvo Cars maintained a strong sales momentum in November, with global volumes up 11.6 per cent, compared with the same period last year. The company sold a total of 62,550 cars during the month as it continued to grow faster than the industry in all three regions of US, China and Europe.   For the… Continue reading @Geely-Volvo: Volvo Cars reports 11.6 per cent global sales growth in November

Volvo Cars and Geely intend to merge their combustion engine operations

Volvo Cars and Geely intend to merge their existing combustion engine operations into a stand-alone business in order to establish a new global supplier that will seek to develop next generation combustion engines and hybrid powertrains.   The proposed new business would clear the way for Volvo Cars to focus on the development of its… Continue reading Volvo Cars and Geely intend to merge their combustion engine operations

Interview with Dr. Herbert Diess on VW – Ford Alliance expansion – automobilsport.com

19.07.2019: In an interview, Volkswagen s CEO explains the Group s three strategic goals. At a glance which goals are you pursuing with the expansion of the Ford Alliance? In an interview, Volkswagen’s CEO explains the Group’s three strategic goals. At a glance – which goals are you pursuing with the expansion of the Ford… Continue reading Interview with Dr. Herbert Diess on VW – Ford Alliance expansion – automobilsport.com

Volvo Cars reports 12.4 per cent sales growth in May

  Volvo Cars posted strong sales in May, with volumes up 12.4 per cent compared with the same period last year.   The company sold 60,196 cars during the month, as China, Europe and the US all reported a growth in sales compared with the same period last year.   The double digit volume growth… Continue reading Volvo Cars reports 12.4 per cent sales growth in May

Volvo Cars reports first quarter 2019 results

Volvo Cars reports first quarter 2019 operating profit of SEK2,919 million   CEO Håkan Samuelsson:   “The sales growth in the first quarter proves the appeal of Volvo Cars product portfolio. We grew in all three regions and revenue continued to rise faster than volumes. Compared with last year, profitability was affected by higher tariffs… Continue reading Volvo Cars reports first quarter 2019 results

Volvo Cars issues new EUR bond

VOLVO CAR AB STOCK EXCHANGE RELEASE 26 March 2019 at 17:20 CET   Volvo Cars issues new EUR bond   Volvo Cars has today successfully issued a EUR 600m bond under its Euro Medium Term Note programme. The bond matures in April 2024 and pays a fixed coupon of 2.125%. The issue price was 99.625,… Continue reading Volvo Cars issues new EUR bond

Volvo Cars takes major step towards its electrified future with a range of new hybrid powertrains

Volvo Cars takes major step towards its electrified future with a range of new hybrid powertrains   Volvo Cars has today taken a significant step towards its electrification goals with the release of upgraded and newly-developed electrified powertrain options, to be made available across its entire model range going forward.   The company has upgraded… Continue reading Volvo Cars takes major step towards its electrified future with a range of new hybrid powertrains

Volvo Cars introduces refreshed Volvo XC90 SUV

Volvo Cars introduces refreshed Volvo XC90 SUV   Volvo Cars has today unveiled a refreshed version of its best-selling XC90 large SUV, the company’s top-of-the-line flagship, adding a newly-developed fuel-saving engine option that marks the next step in the company’s ambitious electrification strategy.   The refreshed XC90 for the first time offers customers Volvo’s advanced… Continue reading Volvo Cars introduces refreshed Volvo XC90 SUV