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Stock Market & Financial Investment News

News Breaks
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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August 20, 2015
05:41 EDTVOLVYVolvo reports July total truck deliveries up 1% to 15,586 vehicles
Deliveries from the Volvo Group's truck operations in July amounted to 15,586 vehicles. In July, truck deliveries rose by 27% in Asia and by 5% in Europe. Deliveries in South America were down by 34% while deliveries rose by 1% in North America. In total the Volvo Group's wholly-owned operations delivered 15,586 trucks, which was on the same level as in July 2014.

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