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Stock Market & Financial Investment News

News Breaks
February 28, 2014
05:43 EDTVOLVYVolvo announces new number of votes in company
The number of votes in AB Volvo has changed due to the conversion of a total of 400 Series A shares to a total of 400 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares, which was entered in the Articles of Association at the 2011 Annual General Meeting. As of February 28, there are a total of 2.13B registered shares in AB Volvo. Of these 519.3M are Series A shares and 1.61B Series B shares. The number of votes in the company amounts to 680,210,719.70 based on the number of registered shares.
News For VOLVY From The Last 14 Days
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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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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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