Volvo Has Q3 Net Loss; Sees Some Recovery Oct 24, 2009
STOCKHOLM -(Dow Jones)- AB Volvo (VOLV-B.SK) Friday said demand for trucks stabilized in the third quarter as the world number two truck maker by sales reported a fourth consecutive quarterly net loss. "There are some positive signs indicating that the decline in demand has bottomed out and that we are now beginning a gradual recovery," said Chief Executive Leif Johansson. (SmartMoney)
Swedish unemployment rises to 8 pct in August Sep 17, 2009
Major Swedish companies, such as appliance manufacturer Electrolux AB and truck makers AB Volvo and Scania AB, have announced thousands of layoffs because of declining demand in the wake of the financial crisis. Unemployment in the manufacturing industry has increased steadily since March 2009, while overall Swedish unemployment has been rising since November last year, Statistics Sweden said. (OregonLive, OR -- Business)
Scandinavian Fuel Cell Can Reduce Carbon Dioxide Emissions From Goods Transport Aug 13, 2009
This was the background for AB Volvo and its Scandinavian partners starting to develop the new fuel-cell system. The Scandinavian energy research sector found that this was a very interesting concept, and have invested NOK 4. (Science Daily)
Renault slumps to massive loss, sees improvement Jul 30, 2009
22 billion euros, AB Volvo 196 million euros and Russia's Autovaz 182 million euros. "Renault is holding up" against the slump, chief executive Carlos Ghosn said in a statement. (Sydney Morning Herald -- World)
Volvo reported Tuesday a US$718mil loss on falling sales Jul 21, 2009
STOCKHOLM: Swedish truck maker AB Volvo on Tuesday reported its third consecutive quarterly loss as sales plunged by one-third amid weak demand in the April-June period. Volvo posted a net loss of 5. (The Star Online, Malaysia -- Business)
Volvo to pay $525M for Mack Trucks health care May 18, 2009
STOCKHOLM Allentown, Pennsylvania-based truck maker Mack Trucks Inc. has signed an agreement with the United Auto Workers union to create an independent trust responsible for the health care of retirees, Swedish parent company AB Volvo said Monday. Volvo said it will fund the trust with $525 million (euro389 million) in cash, which will be paid in equal installments over a five-year period. (Atlanta Journal-Constitution -- Business)
Ying Yeh Joins Nalco to Lead China Growth Efforts Focused On Environmental and Economic Harmony May 4, 2009
She is a member of the Board of Directors of AB Volvo and Intercontinental Hotels Group PLC.. Ms. Yeh is an Honorary Citizen of Guangzhou, Shanghai and Xiamen in China. (Primezone Releases)
EU moves to prevent protectionism Feb 11, 2009
Peugeot-Citroen and Renault will receive 3bn euros each, while Renault Trucks, which is owned by Sweden's AB Volvo, will get 500m euros. In exchange, they pledged to keep French plants open, President Nicolas Sarkozy said. (BBC News -- Europe)
French carmakers get 6.5bn euros Feb 10, 2009
Peugeot-Citroen and Renault will receive 3bn euros each, while Renault Trucks, which is owned by Sweden's AB Volvo, will get 500m euros. In exchange, they had pledged to keep French sites open, the president said after talks with carmakers. (BBC News -- Europe)
French automakers to get government aid Feb 10, 2009
The package also includes a 500 million euro loan to Renault Trucks -- which is owned by AB Volvo of Sweden -- under the same conditions. And 1 billion euros in loans will go to the financing arms of Renault and Peugeot Citroen, doubling an existing facility set up in December. (OregonLive, OR -- Business)
France loans 6.5 billion euro to car makers Feb 10, 2009
75 billion), while Renault Trucks, which is owned by AB Volvo of Sweden, will receive 0. 5 billion euros ($958. (Sydney Morning Herald -- Business)
* France to lend automakers US$7.8bn Feb 10, 2009
The amount could rise further if the French state decides to help Renault Trucks, which is owned by AB Volvo. The French state provided 1 billion euros of preferential rate loans to the financing arms of the automakers in December. (Taipei Times, Taiwan -- World)
Truckmaker Volvo cautious on 2009 Feb 7, 2009
The Swedish lorry maker AB Volvo has seen falling demand hit its fourth quarter earnings, and predicted a tricky year ahead in 2009 ... AB Volvo is not the company that makes Volvo cars. (BBC News -- Business)
