Tag: Volvo

UPDATE 3-Europe restarts car factories amid uncertain demand

FRANKFURT (Reuters) – German carmaking giant Volkswagen (VOWG_p.DE) resumed production at its biggest factory on Monday as part of a broader industry drive to get back to work in Europe, where the coronavirus pandemic has hammered demand and pushed up inventory levels. Encouraged by a fall in infection rates, Germany has eased lockdown rules and… Continue reading UPDATE 3-Europe restarts car factories amid uncertain demand

Veoneer: Financial Report January – March 2020

STOCKHOLM, April 24, 2020 /PRNewswire/ — Financial Summary – Q1’20 Underlying financial results better than expected, due to our Market Adjustment Initiatives (MAI) Net Sales $362 million Net Sales decline 27% including Organic Sales1 decline 15%, 9pp better than the global LVP Active Safety Net Sales decline 15% including Organic Sales decline of 13% Operating… Continue reading Veoneer: Financial Report January – March 2020

Sweden’s Volvo hit by cancelled orders as pandemic creates ‘new normal’

STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) on Thursday warned of stalling truck orders and a challenging adjustment to a “new normal” of feebler demand after reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales. FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in… Continue reading Sweden’s Volvo hit by cancelled orders as pandemic creates ‘new normal’

German carmaker Daimler puts CO2 neutral fleet at core of its sustainability efforts

BERLIN, April 22 (Xinhua) — Daimler published its sustainability report 2019 on Wednesday and reiterated the company's target to have a fully carbon-neutral passenger car fleet by 2039.
“One of the key fields of action at Daimler is to reduce CO2 emissions,” the company stated.
Daimler planned to “significantly increase” the sales of passenger cars with plug-in hybrid drive systems and all-electric drive systems to more than 50 percent by 2030.
At Daimler's flagship brand Mercedes-Benz Cars, the waste level for each vehicle produced had fallen by 25 percent compared with 2013/2014 while energy consumption had dropped by ten percent, the company announced.
The Science Based Targets Initiative by various NGOs as well as the UN had already confirmed in 2019 that Daimler's CO2 targets were in accordance with the Paris Climate Agreement, according to Daimler.
On Tuesday, Daimler announced that Daimler Truck AG and carmaker Volvo would form a joint venture for large-scale pro..

Volvo beats first-quarter forecasts but warns of truck order cancellations

STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) on Thursday warned of weakening truck demand despite reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales. FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo Its net order intake… Continue reading Volvo beats first-quarter forecasts but warns of truck order cancellations

Truck maker Volvo profit falls less than expected amid pandemic pain

FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) reported a smaller-than-expected fall in quarterly operating earnings on Thursday as service sales held up in the face of tumbling sales and orders of… Continue reading Truck maker Volvo profit falls less than expected amid pandemic pain

@Daimler: The Volvo Group and Daimler Truck AG to lead the development of sustainable transportation

Daimler Truck AG and the Volvo Group share the vision of sustainable transport solutions. Successful commercialization of fuel cell technology is a key area to achieve CO2-neutral transport. 50/50 joint venture for development and large-scale production of fuel cells for applications in heavy-duty vehicles and other use cases. Sharing the Green Deal vision of sustainable… Continue reading @Daimler: The Volvo Group and Daimler Truck AG to lead the development of sustainable transportation

@Daimler: 21. Apr 2020Volvo Group and Daimler Truck AG are planning to form a joint venture

April 21, 2020 – Sharing the Green Deal vision of sustainable transport and a carbon neutral Europe by 2050, two leading companies in the commercial vehicle industry, Daimler Truck AG and the Volvo Group, have signed a preliminary non-binding agreement to establish a new joint venture. The intention is to develop, produce and commercialize fuel… Continue reading @Daimler: 21. Apr 2020Volvo Group and Daimler Truck AG are planning to form a joint venture