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Stock Market & Financial Investment News

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June 18, 2014
05:39 EDTVOLVYVolvo reports May truck deliveries up 4% to 17,410 vehicles
Deliveries from the Volvo Groupís truck operations in May amounted to 17,410 vehicles. This was an increase of 4% compared with the year-earlier month. May experienced an unfavorable product and market mix. Deliveries of heavy duty trucks were on the same level as last year while deliveries of light duty trucks sourced from external suppliers were up by 36%. On a regional basis May deliveries declined by 19% in South America and by 4% in Europe while deliveries rose by 26% in Asia and by 13% in North America.
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August 21, 2014
05:48 EDTVOLVYVolvo reports July truck deliveries down 9% to 15,410
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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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