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Stock Market & Financial Investment News

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January 22, 2014
07:37 EDTVOLVYChinese authority approves JV between Volvo and Dongfeng Motor Group
On January 7, the National Development and Reform Commission in China gave its approval of the establishment of a joint venture between the Volvo Group and Dongfeng Motor Group Company Limited. Before completion of the transaction, additional authority approvals are to be obtained. As announced in January 2013, AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles, which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business. Through the approval by NDRC an important step has been taken towards completion of the transaction. Completion is subject to certain conditions including the approvals of other Chinese authorities, which have not yet been obtained. Completion of the transaction is currently expected to take place mid 2014. At completion of the transaction, the Volvo Group will significally strengthen its position in the medium-duty and heavy-duty truck segment.
News For VOLVY From The Last 14 Days
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November 19, 2015
05:36 EDTVOLVYVolvo reports Oct. truck deliveries up 2% to 20,193 vehicles
In October truck deliveries rose by 15% in Europe and by 6% in North America. On the other hand, deliveries decreased by 31% in South America and by 3% in Asia. In total the Volvo Group's wholly-owned operations delivered 20,193 trucks, which was 2% more than in October 2014. Production in North America will be adjusted as a consequence of lower demand and high inventories in the distribution channel.

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