Volvo B Stock News

European automakers are most likely affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could hit the industry more broadly if suppliers suffer, analysts said.

GOTHENBURG, Sweden , Sept. 10, 2024 /PRNewswire/ -- Volvo Group Venture Capital AB invests in the U.S.-based company aifleet, a trucking company leveraging its unique AI-technology to reshape the future of trucking focusing on truck utilization and driver satisfaction.

Turn up at any car show around the world from Las Vegas to Bangkok, and you are likely to see automaker Volvo brandish its loud and proud electric vehicle (EV) manufacturing credentials.

Swedish automaker Volvo Cars on Thursday trimmed its 2026 margin target and adjusted its revenue goals amid complexity in "global trade and tariffs." Volvo Cars shares were 3.2% higher in early afternoon deals following a 10% decline so far this week.

Swedish automaker Volvo Cars on Thursday lowered its adjusted profitability target for 2026 and said it aims to continue outgrowing the premium car market until that year, dropping a previous sales target.

Volvo Cars will use a single software system backed by powerful chips from Nvidia for all future models and will rely on "megacastings" to cut costs for electric cars, the company said on Thursday.

Volvo announced that it's moving away from its goal of making only electric vehicles by 2030 and is now aiming for 90% to 100% of its vehicles to be fully electric EVs plus hybrids.

Volvo has abandoned to plans to make only electric-powered vehicles by 2030, with 10% ‘mild hybrids' or petrol-powered cars now part of its schedule. The Swedish icon, which is owned by Chinese group Geely, had planned to go fully electric by 2030 but that target has been watered down to 'between' 90-100% including hybrids.