Volvo B Stock News

The company launched a plan that aims to deliver 18 billion Swedish kronor in cost and cash savings to protect profitability.

Swedish-based automaker Volvo Cars on Tuesday announced plans to launch cost cuts of 18 billion Swedish krona ($1.87 billion) as its operating profit fell sharply in the first three months of the year. Volvo Cars, which is owned by China's Geely Holding, reported first-quarter operating profit of 1.9 billion Swedish krona, down from 4.7 billion krona from the same period last year.

Sweden-based Volvo Cars said on Thursday it had appointed Fredrik Hansson as new chief financial officer (CFO).

AB Volvo (publ) (OTCPK:VLVLY) Q1 2025 Results Conference Call April 23, 2025 3:00 AM ET Company Participants Johan Bartler - Head of Investor Relations Martin Lundstedt - Chief Executive Officer Mats Backman - Chief Financial Officer Conference Call Participants Erik Pettersson-Golrang - SEB Michael Aspinall - Jefferies Hampus Engellau - Handelsbanken Klas Bergelind - Citigroup Agnieszka Vilela...

The truck maker's earnings fell sharply, missing analysts' expectations, as sales declined 7% and deliveries fell 12% amid increasing uncertainty about U.S. tariffs.

Swedish truck maker AB Volvo reported a bigger-than-expected fall in first-quarter operating profit on Wednesday and lowered its North America truck market outlook for 2025.

Der Lkw-Bauer Volvo SE0000115446 hat im ersten Quartal vor allem wegen der schwachen europäischen Märkte einen Gewinneinbruch erlitten.

American car companies have told Donald Trump that tariffs on cars and car parts will wreck their bottom lines.