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March 20, 2014
05:55 EDTVOLVYVolvo reports February truck deliveries up 28% to 15,689 vehicles
Deliveries from the Volvo Groupís truck operations in February amounted to 15,689 vehicles. This was an increase of 28% compared with the year-earlier month. In February 9,854 Volvo trucks were delivered, an increase of 45% compared with the same month last year. In Europe 3,558 vehicles were delivered during February, up by 38% compared with February 2013. February 2013 included several down-days in production resulting in fewer production days compared with 2014. February deliveries in North America increased 69% to 2,412 vehicles in comparison with the same period last year. The increase is partly due to several down-days in February 2013. February deliveries in South America increased 43% to 2,367 trucks compared with February 2013.
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August 18, 2014
06:30 EDTVOLVYVolvo targets wealthy Chinese with vehicle revamp, Reuters says
Volvo's (VOLVY) latest generation of vehicles are revamped to include luxury designs and features that target China's wealthy population in hopes that the cars will reverse diminishing sales, according to Reuters citing comments from Volvo CEO Hakan Samuelsson. Samuelsson said, "Prices will be the same level as competitors like the Germans. Customers should not expect to buy them cheaper than an Audi (AUDVF)." Reference Link

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