Volvo AB ADR B (VOLVY) - OTCPK - Current
  • Tue, Jun. 14, 1:51 PM
    • EV truck maker Nikola Motors has taken a page out of the Tesla playbook by releasing pre-order information and scheduling an unveiling event for later in the year.
    • The startup has taken down 7K reservations with deposits for the Nikola One electric truck. The reservations total $2.3B worth of orders. The Nikola One is promised to have 2,000-horsepower, 1,200 miles of range, and a 320-kWh battery.
    • The class 8 semi-truck is due to be unveiled by the company at an event on December 2.
    • "Our technology is 10-15 years ahead of any other OEM in fuel efficiencies, MPG and emissions. Weare the onlyOEM to have a near zeroemission truck and stilloutperform diesel truck runningat 80,000 pounds," says CEO Trevor Milton.
    • "We believe wewill pass the current market leaderslike Daimler, PACCAR, Volvo andNavistar in sales orderswithin the next12-24 months," adds the exec.
    • Related stocks: NAV, PCAR, OTCPK:GELYF, OTCPK:DDAIF, OTCPK:VOLVY, OTCPK:VOLVF.
    | Tue, Jun. 14, 1:51 PM | 15 Comments
  • Fri, Apr. 22, 3:50 AM
    • Volvo AB ADR B (OTCPK:VOLVY): Q1 operating income of SEK5.3B, margin 7.5%.
    • Revenue of $71.7B (-4.1% Y/Y).
    • Lower cost base and focus on adapting to changes in demand helped in maintaining profitability despite slightly lower revenues.
    • Press Release
    | Fri, Apr. 22, 3:50 AM
  • Mon, Apr. 11, 4:31 AM
    • An experiment in which self-driving trucks crossed Europe has paved the way for adoption of the technology ahead of a crucial meeting of EU transport ministers this week.
    • Six European truck companies - Volvo (OTCPK:VOLVF), Scania (OTC:SVKBF), Daimler (OTCPK:DDAIF), Iveco, DAF and MAN - took part in the project, in which they drove in connected convoys along highways.
    • The technique, known as "platooning," permits trucks to communicate via wireless technology, allowing them to brake and accelerate together.
    | Mon, Apr. 11, 4:31 AM
  • Fri, Feb. 5, 5:34 AM
    • Volvo AB ADR B (OTCPK:VOLVY): Q4 EPS of SEK1.27
    • Revenue of SEK79.6B (+2.7% Y/Y)
    • The board proposed annual dividend of SEK3.00/share.
    • Press Release
    | Fri, Feb. 5, 5:34 AM
  • Wed, Jan. 6, 3:10 PM
    • Truck orders rose sharply in December on a M/M basis, according to forecaster FTR.
    • Net orders were up 70% from the level seen in November to 27,800 units. The monthly volume was down 36% from last year's mark.
    • The improvement seen in December isn't expected to be enough to reverse some planned production cuts in the sector.
    • Related stocks: PCAR, OTCPK:VOLVY, NAV, CMI, OTCPK:DDAIF.
    | Wed, Jan. 6, 3:10 PM | 3 Comments
  • Dec. 3, 2015, 11:48 AM
    • Truck orders were weak in November, according to preliminary data from ACT Research.
    • Class 5 to Class 8 vehicle orders fell 26% M/M and 37% Y/Y to 35,300 units.
    • A glut of trucking inventory has crushed demand for Class 8 trucks. The level of medium-duty truck orders was more stable, but still came in lower than a year ago.
    • Related stocks: PCAR, OTCPK:VOLVY, NAV, CMI, OTCPK:DDAIF.
    | Dec. 3, 2015, 11:48 AM
  • Oct. 20, 2015, 6:55 AM
    • Volvo (OTCPK:VOLVY) announces it will sell its external IT business to HCL Technologies. The company plans to outsource IT infrastructure operations to HCL after the closing.
    • The transaction is expected to provide both cost savings and a capital gain to Volvo.
    • The deal is scheduled to close in Q3.
    | Oct. 20, 2015, 6:55 AM | 1 Comment
  • Oct. 19, 2015, 8:08 AM
    • Westport Innovations (NASDAQ:WPRT) announces new agreements with Volvo (OTCPK:VOLVY) governing the development, commercial launch and supply of High Pressure Direct Injection 2.0 technology in its heavy-duty trucks over the next several years.
    • For competitive reasons, further terms and conditions of the commercial agreements have not been disclosed.
    | Oct. 19, 2015, 8:08 AM | 2 Comments
  • Oct. 1, 2015, 11:57 AM
    • Truck maker stocks trade at a wider discount to the S&P 500 on a key valuation measure, according to analysis from Bloomberg Intelligence.
    • The group's 12-month P-E ratio of 9.122 is a 40% discount to the S&P 500 blended mark of 15.117. The gap was 28% in June.
    • Bloomberg notes the group typically trades at a discount to the S&P 500 due to seasonal cycles.
    • Related stocks: CMI, NAV, OSK, OTCPK:VOLVY, PCAR, OTCPK:DDAIF.
    | Oct. 1, 2015, 11:57 AM | 7 Comments
  • Sep. 17, 2015, 7:39 AM
    • Volvo (OTCPK:VOLVY) reports truck deliveries rose 28% in Europe and by 13% in North America during August.
    • The truck maker saw a 43% decline in deliveries in South America and 8% slide in Asia in the month.
    • Total deliveries were up 3% to 12,116 trucks.
    | Sep. 17, 2015, 7:39 AM
  • Sep. 11, 2015, 3:55 PM
    • Ten automakers accounting for more than half of U.S. auto sales have committed to make automatic emergency braking standard on new U.S. vehicles, the U.S. Department of Transportation announces.
    • The automakers are Audi (OTCPK:AUDVF), BMW (OTCPK:BAMXY), Ford (NYSE:F), General Motors (NYSE:GM), Mazda (OTCPK:MZDAY), Mercedes Benz (OTCPK:DDAIF), Tesla (NASDAQ:TSLA), Toyota (NYSE:TM), Volkswagen (OTCQX:VLKAY) and Volvo (OTCPK:VOLVY).
    • The systems could prevent or mitigate 80% of the ~1.7M rear-end collisions that cause ~1,700 deaths and 500K injuries annually in the U.S., according to the National Transportation Safety Board.
    • The announcement does not specify a timetable for implementing the change.
    | Sep. 11, 2015, 3:55 PM | 141 Comments
  • Jun. 19, 2015, 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)
    • Related stocks: KNX, PTSI, ODFL, JBHT, R, SWFT, CNW, GM, F, OTCPK:DDAIF, NAV, OTCPK:VOLVY, CMI, PCAR, FDX, UPS, HTZ, TM,
    | Jun. 19, 2015, 11:26 AM | 76 Comments
  • Jun. 19, 2015, 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.
    • Related stocks: KNX, PTSI, ODFL, JBHT, R, SWFT, CNW, GM, F, OTCPK:DDAIF, NAV, OTCPK:VOLVY, CMI, PCAR.
    | Jun. 19, 2015, 10:09 AM | 24 Comments
  • Apr. 22, 2015, 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.
    | Apr. 22, 2015, 2:51 AM
  • Mar. 19, 2015, 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.
    | Mar. 19, 2015, 1:44 PM
  • Mar. 19, 2015, 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.
    | Mar. 19, 2015, 10:46 AM | 2 Comments
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
Industry: Trucks & Other Vehicles
Country: Sweden