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Stock Market & Financial Investment News

News Breaks
July 21, 2014
05:41 EDTABB, VOLVYVolvo announces partnership with ABB
Volvo Buses (VOLVY) and ABB (ABB) have signed a partnership agreement regarding automatic e-bus chargers for electric-hybrid and full-electric Volvo buses. The cooperation enables the companies to deliver complete electrified bus solutions to cities. Under the global partnership agreement, Volvo Buses will supply electric-hybrid buses and full-electric buses. ABB will supply standard-based fast-charging solutions for the electric vehicles. The first joint project will be the implementation of Volvo Electric Hybrids and automatic e-bus chargers in the Luxembourg public transport system. Potentially 12 Volvo Electric Hybrid buses operated by Sales-Lentz will be running on existing public bus lines in Luxembourg as of 2015.
News For VOLVY;ABB From The Last 14 Days
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February 10, 2016
06:59 EDTVOLVYGarmin upgrades Volvo Penta glass cockpit system
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February 8, 2016
07:16 EDTVOLVYVW Trucks unit exploring acquisitions, IPO, Bloomberg reports
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February 5, 2016
05:23 EDTVOLVYVolvo cuts FY16 North American heavy-duty truck forecast to 260K vehicles
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05:19 EDTVOLVYVolvo reports Q4 revenue SEK 79.6B vs. SEK 77.5B last year
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February 3, 2016
10:32 EDTABBTransCanada to create up to 120 new jobs in Quebec with ABB agreement
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January 28, 2016
07:39 EDTABBABB contracted by Exelon subsidiary for energy storage systems
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January 27, 2016
05:36 EDTVOLVYVolvo to reorganize truck brands
Volvo is introducing a brand-based organization with clearer commercial accountability for the Group's various truck brands. Four separate units will be created: Volvo Trucks, UD Trucks, Renault Trucks and Mack Trucks, each with profit and loss responsibility for their respective business. Volvo's Group Executive Board will be changed to include representatives from some of the Group's business areas. After several years of growth through acquisitions, followed by major restructuring programs and cost savings, the Volvo Group is now gradually entering a new phase with more intense customer focus and focus on organic growth and improved profitability. The Group's technology and product development organization and production organization for trucks will remain responsible for common development and production. In addition specific resources will be allocated to each brand. At the same time, purchasing for the truck operation will form a separate unit and will join the Group Executive Board. These organizational changes will not have any planned effect on the number of employees in the Group. The new organization will come into effect on March 1, when the Volvo Group will comprise ten business areas: Volvo Trucks, UD Trucks, Mack Trucks, Renault Trucks, Value Truck & JV:s, Volvo Construction Equipment, Volvo Buses, Volvo Penta, Governmental Sales and Volvo Financial Services.

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