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- OTCPK - Current
  • Fri, Jun. 19, 11:26 AM
    • The EPA and NHTSA have published a new set of rules covering fuel efficiency on medium and heavy duty vehicles built for the model year 2018 and beyond.
    • The agencies forecast the program will cut greenhouse gas emissions by 1B metric tons and lower fuel costs by $170B for the lifetime of the vehicles manufactured under the program.
    • Though the release of tighter emission rules has been widely anticipated, perhaps a bigger surprise this week was the strong statement made by Pope Francis on the global need to address climate control.
    • The number of companies that could ultimately be impacted by the proposed changes if they are enacted spread across various sectors.
    • Joint EPA/NHTSA proposal (.pdf)
    • Encyclical letter from Pope Francis (.pdf)
  • Fri, Jun. 19, 10:09 AM
    • The EPA is expected to announce a new set of rules today covering medium and heavy trucks built in the model year 2019.
    • The administration aims to improve fuel efficiency with larger-sized trucks accounting for 20% of all emissions in the transportation sector off a mark of 4% of vehicles on the road.
    • The new rules could also cover light-duty pickup trucks, buses, and delivery vehicles.
  • Wed, Apr. 22, 2:51 AM
    • As it intensifies its focus on growth and efficiency, Volvo (OTCPK:VOLVY) has appointed the head of rival Swedish truckmaker Scania (OTCPK:SVKBY) as its new top executive, replacing Olof Persson with Martin Lundstedt.
    • Sweden's biggest company by sales also released its first quarter results two days ahead of schedule, reporting Q1 net sales of 74.8B kronor ($8.6B), up from 65.6B kronor a year-ago.
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  • Thu, Mar. 19, 1:44 PM
    • Class 8 truck orders rose 7% Y/Y to 31.1K in February.
    • Sales of Class 5 - Class 7 trucks were up 2% to 19.7K.
    • ACT analyst Kenny Vieth says a 2015 build schedule which is flying by quickly means it's unlikely robust growth can be seen beyond April or May.
    • Related stocks: PCAR, OTCPK:VOLVY, NAV, CMI, OTCPK:DDAIF.
    | Comment!
  • Thu, Mar. 19, 10:46 AM
    • Volvo (OTCPK:VOLVF, OTCPK:VOLVY) CEO Olof Persson is on the hot seat, according to stories from Swedish media.
    • One report has Persson losing his job within a few weeks to be replaced by Scania chief Martin Lundstedt.
    • The truck maker missed its operating margin target last year amid pressure in China and is on the radar of activist investors.
  • Thu, Feb. 12, 2:42 PM
    • Class 8 tractor deliveries rose 18.1% to 17,373 in January.
    • The mark was the highest for the first month of the year since 2007.
    • The broader category of large trucks saw a sales jump of 12.2% to 30,869 units during the month.
    • Related stocks: PCAR, OTCPK:VOLVY, NAV, CMI, OTCPK:DDAIF.
    | Comment!
  • Tue, Jan. 27, 2:35 PM
    • Total volume of used Class 8 trucks rose 8% M/M in December to 2,078.
    • For the year, truck volume was down 5% while pricing improved 18%.
    • Average miles on used class 8 trucks moved fell 2%.
    • Related stocks: PCAR, OTCPK:VOLVY, NAV, CMI.
    | 1 Comment
  • Mon, Jan. 5, 8:08 AM
    • Volvo (OTCPK:VOLVY) completes the acquisition of a 45% stake in Dongfeng Commercial Vehicles.
    • The purchase consideration of the holding comes to ~$884M.
    • The transaction makes the Swedish company the largest manufacturer of heavy-duty trucks and gives it a firmer hold in China.
  • Dec. 23, 2014, 12:29 PM
    • A new report from EU investigators details a long period of collusion within the trucking industry in Europe.
    • The EU has been probing pricing and emissions developments in the sector for several years.
    • Manufacturers implicated by the EU are reported to have large amounts set aside for expected fines over the matter.
    • The case involves Daimler (OTCPK:DDAIF), Iveco (NYSE:CNHI), Scania (OTCQX:VLKAY), Volvo (OTCPK:VOLVY), and DAF (NASDAQ:PCAR).
    | 1 Comment
  • Nov. 12, 2014, 2:44 AM
    • Volvo (OTCPK:VOLVY) will cut around 3,000 employees as part of a savings plan to boost profitability, Reuters reports quoting business daily Dagens Industri.
    • Last month, Volvo said it planned to make 3.5B Swedish crowns ($474M) of structural cost cuts by the end of next year following an earlier savings package.
    | 1 Comment
  • Oct. 3, 2014, 8:58 AM
    • North American Class 8 truck orders rose 27% Y/Y to 24,477 units in September, according to
    • Though the month showed a blistering pace of demand, the tally could reflect some pull ahead of Q4 orders on supply concerns, note analysts.
    • Related stocks: PCAR, OTCPK:VOLVY, NAV, CMI.
    | Comment!
  • Aug. 13, 2014, 2:44 PM
    • Sales of Class 8 trucks rose 15.7% in the U.S. during July to 35,966 units.
    • Mack (OTCPK:VOLVY) posted a 45% gain in sales during the period, while PACCAR's (NASDAQ:PCAR) Kenworth and Peterbilt businesses also had a strong month.
    | Comment!
  • Jul. 21, 2014, 7:09 AM
    • Volvo (OTCPK:VOLVY) says it expects a 440M Swedish crown ($64M) blow to operating income for Q3 after a U.S. court upheld a 508M Swedish crown emissions fine over the automaker's Volvo Penta diesel engines.
    • "Volvo will now review the ruling in detail, and consider whether to appeal or not," says the company.
    • Last week, Volvo posted core earnings well below Q2 expectations due to slow demand for European trucks and a weakening market for construction equipment in China.
    | Comment!
  • Jul. 21, 2014, 6:01 AM
    • ABB (NYSE:ABB) and Volvo (OTCPK:VOLVY) are teaming up to revolutionize urban e-mobility by co-developing and commercializing electric and hybrid buses with fast charging systems.
    • The first project will combine Volvo's electric hybrid buses and ABB's automatic e-bus chargers in the Luxembourg public transport system.
    • Twelve Volvo Electric Hybrid buses are expected to be running on existing lines by 2015.
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  • May 27, 2014, 11:10 AM
    • Channel checks from Cleveland Research indicate strong demand in North America for commercial trucks.
    • The investment firm bumped up its annual forecast for heavy-build truck sales due to the mid-year read.
    • Related stocks: CMI, NAV, PCAR, OSK, VOLVY.
    | Comment!
  • Feb. 18, 2014, 12:26 PM
    • The Obama administration has asked the EPA and the NHTSA to propose new fuel economy rules for trucks by March of 2015.
    • Heavy-duty trucks account for close to 25% of the greenhouse gas emissions in the U.S. from the transportation sector.
    • Truck makers such as Cummins (CMI), Navistar (NAV), Oshkosh (OSK), Volvo (VOLVY), and PACCAR (PCAR) are already under general directives issued by the government in 2011 on fuel economy.
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Company Description
Volvo is a producer of trucks, buses, construction equipment, drive systems for marine and industrial applications as well as components for aircraft engines. Volvo also provides financial services to its customers. Co. is organized into eight product-related business areas (Volvo Trucks,... More
Country: Sweden