Cooled by the markets, Volvo lowers its claims before its IPO

Posted on Oct 25, 2021, 11:44 AM The path to the Stock Exchange is definitely never without problems for Volvo Cars. Three years after having to give up its listing due to Sino-American trade tensions and the slowdown in the automobile market, the Swedish manufacturer must this time revise its ambitions downwards. He no longer… Continue reading Cooled by the markets, Volvo lowers its claims before its IPO

Apollo Tyres launches premium Vredestein brand in India

Strengthening its product offering in India, Apollo Tyres has launched the premium European brand, Vredestein, which it acquired in 2009, in the country. Vredestein tyres will be manufactured at Apollo’s state-of-the-art facilities in India, and will cater to the premium and luxury segment in passenger cars, while the two-wheeler tyres from the brand would cater… Continue reading Apollo Tyres launches premium Vredestein brand in India

Truck maker Volvo profit beats forecast, but chip woes linger

By Helena Soderpalm 2 Min Read STOCKHOLM (Reuters) -Sweden’s AB Volvo beat third-quarter core earnings expectations on Thursday boosted by strong demand for its trucks even as lingering chip shortages hampered production. The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer Shortages of… Continue reading Truck maker Volvo profit beats forecast, but chip woes linger