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June 30, 2014
05:29 EDTVOLVYVolvo announces logistics agreement to reduce environmental impact
The Volvo Group has reached an agreement with Scandinavian Logistics Partners AB, or Scanlog, to sell surplus capacity in rail transport from Belgium to Sweden. The agreement will produce benefits in terms of costs and environmental impact. The Volvo Group’s freight train, the so-called “Train 8” leaves from Umeå via Älmhult in Sweden fully loaded with truck components to the Group’s truck plant in Ghent, Belgium with ten departures a week. But only 10% of the load capacity is used during the return trip to Sweden. The Volvo Group is always trying to optimize transport based on reliability, cost and environmental impact. The means of transport is chosen that best meets the criteria. For this reason, the Volvo Group has been seeking opportunities to use surplus capacity that arises from Train 8’s return journey from Belgium to Sweden. Scanlog’s requirement matches prevailing conditions and an agreement has now been signed with them. From July 1, Volvo will sell the surplus capacity to Scanlog, which in turn sells cargo space to its customers.
News For VOLVY From The Last 14 Days
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July 22, 2014
10:00 EDTVOLVYOn The Fly: Analyst Upgrade Summary
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08:57 EDTVOLVYVolvo upgraded to Neutral from Sell at Goldman
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July 21, 2014
05:41 EDTVOLVYVolvo announces partnership with ABB
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July 19, 2014
19:20 EDTVOLVYVolvo to pay penalties on emission compliance of diesel engines
The U.S. Court of Appeals for the District of Columbia Circuit has ruled that the Volvo Group should pay penalties and interest of approximately SEK 508M following a dispute between the Volvo Group and the U.S. Environmental Protection Agency, EPA, regarding emission compliance of diesel engines. The Court of Appeals affirmed a District Court’s ruling that model year 2005 Volvo Penta engines violated the provisions of a Consent Decree. This is expected to have a negative impact on the Group’s operating income of approximately SEK 440M in Q314 in the segment Group functions and other. The Volvo Group had previously accounted for approximately SEK 68M as a provision and approximately SEK 422M as a contingent liability.
July 17, 2014
10:00 EDTVOLVYOn The Fly: Analyst Initiation Summary
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July 16, 2014
17:37 EDTVOLVYVolvo initiated with a Neutral at Piper Jaffray
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July 14, 2014
06:08 EDTVOLVYABI Research: Over 24M cars to be fitted with Apple CarPlay, DigiTimes says
ABI Research said that over 24M cars will be fitted with Apple (AAPL) CarPlay in 2019, reports DigiTimes. ABI Reserch said that the uptake in MirrorLink will also be fairly significant, but predicts more cars will be fitted with CarPlay. It cites several car makers to have the capabilities, including Ford (F), BMW, Audi, Mercedes, Jaguar/Land Rover, Toyota (TM), Nissan (NSANY), and Volvo (VOLVY). Reference Link

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