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Stock Market & Financial Investment News

News Breaks
January 16, 2014
05:35 EDTVOLVYVolvo upgraded to Overweight from Neutral at HSBC
News For VOLVY From The Last 14 Days
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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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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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