News & Media

The Volvo Group today announced that it will build a new heavy-duty truck manufacturing plant in Mexico to supplement the Group’s U.S. production. The plant will provide additional capacity to support the growth plans of both Volvo Trucks and Mack Trucks in the U.S. and Canadian markets, and support Mack truck sales in Mexico and Latin America.  The plant is expected to be operational in 2026.

• Volvo-Group-to-Increase-North-American-Heavy-Truck-Production-Capacity (PDF, 210 KB)

The Volvo Group report for the first quarter 2024 will be published on April 17, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST.

• Invitation-to-the-Volvo-Group-report-on-the-first-quarter-2024 (PDF, 166 KB)

The number of votes in AB Volvo has changed due to the conversion of a total of 1,490 Series A shares to a total of 1,490 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at the 2011 Annual General Meeting.

• New-number-of-votes-in-AB-Volvo (PDF, 160 KB)

AB Volvo held its Annual General Meeting on March 27, 2024. The Meeting was held at Konserthuset in Göteborg, Sweden, with the option for shareholders to exercise their voting rights by advance voting (postal voting). Presentations by the Chairman of the Board and the President and CEO describing the work of the Board and the Volvo Group’s operations are available on AB Volvo’s website www.volvogroup.com.

• Annual-General-Meeting-of-AB-Volvo (PDF, 301 KB)

Following the binding joint venture agreements signed on October 6[th], 2023, Volvo Group and Renault Group have obtained all the required regulatory approvals and have now officially launched the new company Flexis SAS for the next generation fully electric and software defined vehicles.

• Volvo-Group-and-Renault-Group-completes-creation-of-a-joint-venture-for-an-all-new-generation-of-electric-vans--Flexis-SAS (PDF, 297 KB)

The Volvo Group will hold a Capital Markets Day at Volvo Trucks’ operations in Dublin, Virginia, USA on November 14, 2024.

• Save-the-date-for-the-Volvo-Group-Capital-Markets-Day-on-November-14-2024 (PDF, 137 KB)

The Volvo Group has signed an agreement according to the previously announced Letter of Intent with Westport Fuel Systems Inc to establish a joint venture to accelerate the commercialization and global adoption of Westport’s High Pressure Direct Injection (HPDI[TM]) fuel system technology for long-haul and off-road applications.

• Volvo-Group-signs-agreement-with-Westport-for-joint-venture-to-reduce-CO2-emissions (PDF, 222 KB)

Volvo Group today published the Annual Report for 2023 on www.volvogroup.com.

• AB-Volvo-Annual-Report-2023 (PDF, 14 MB)
• abvolvo-2023-12-31-en.zip (ZIP, 7 MB)
• AB-Volvo-publishes-Annual-Report-2023--Press-release- (PDF, 164 KB)

Volvo Group Venture Capital AB has invested in Zacua Ventures Builders Fund I, L.P. - a global venture capital fund focused on early-stage technology for the construction industry.

• Volvo-Group-Venture-Capital-invests-in-Zacua-Ventures (PDF, 323 KB)

AB Volvo (publ) (“Volvo”) gives notice to attend the Annual General Meeting at Konserthuset, Götaplatsen, Göteborg, Wednesday, March 27, 2024, at 3.00 p.m.

• Annual-General-Meeting-of-AB-Volvo (PDF, 1 MB)

Press information from AB Volvo’s Election Committee

• Proposal-for-Board-of-Directors-of-AB-Volvo (PDF, 205 KB)

The Volvo Group has today completed the previously announced transaction whereby the Group acquired the battery business from Proterra Inc. and Proterra Operating Company Inc.

• Volvo-completes-acquisition-of-battery-business-from-Proterra-Inc.-and-Proterra-Operating-Company (PDF, 164 KB)

Volvo Trucks has unveiled an all-new heavy-duty truck platform for the North American market in parallel to a new heavy-duty truck range for Europe, Australia and markets in Asia and Africa. New energy efficient models – including trucks running on electricity and renewable fuels – will reduce CO2 emissions and take the company closer to the target of having a net-zero emission product range by year 2040.

“For the full year 2023, we increased net sales by almost SEK 80 billion to SEK 553 billion and the adjusted operating income to SEK 77.6 billion (50.5), with an adjusted operating margin of 14.0% (10.7). Return on capital employed in the Industrial Operations increased to 36.7% (27.4). We also generated a strong operating cash flow of SEK 45.8 billion (35.3) and ended the year with a net cash position of SEK 83.4 billion in the Industrial Operations, pension and lease liabilities excluded. Thanks to our strong finances, we can continue to provide a good return to our shareholders and at the same time invest in and seize opportunities in the ongoing industry transformation to more sustainable solutions. The Board of Directors proposes an ordinary dividend of SEK 7.50 per share and an extra dividend of SEK 10.50 per share,” says Martin Lundstedt, President and CEO.

• AB Volvo – Report on the fourth quarter and full year 2023 (PDF, 11 MB)
• Press Release – Volvo Group - the fourth quarter and full year 2023 (PDF, 497 KB)

Volvo Group has signed an option agreement with John Cockerill Defense which gives the Volvo Group the right to sell Arquus after mandatory consultations with staff representative bodies. The consultations are expected to be finalized in Q1 2024. As a result of the option agreement, the Volvo Group’s operating income will be negatively impacted by approximately SEK 900 M in the fourth quarter of 2023.

• Volvo-Group-has-signed-an-option-agreement-to-divest-Arquus (PDF, 162 KB)

Volvo Group is further developing the internal combustion engine with hydrogen as a propulsion technology by initiating PhD scholarships dedicated to hydrogen combustion engine technology. Two PhD students will be chosen to conduct their research at Chalmers University of Technology and at Lund University, Sweden, while being employed by  the Volvo Group. Recruitment will start during the first quarter of 2024.

• Volvo-Group-accelerates-hydrogen-research-with-PhD-scholarships-for-the-internal-combustion-engine (PDF, 441 KB)

The Volvo Group report for the fourth quarter and full year 2023 will be published on January 26, 2024 at 7.20 a.m. CET.

• Invitation-to-press-and-analyst-conference-in-Stockholm (PDF, 163 KB)

Volvo Construction Equipment (Volvo CE) and the Ammann Group have reached an agreement whereby Ammann will acquire Volvo CE’s global ABG paver business. As a result of the planned transaction, the Volvo Group’s operating income will be negatively impacted by approximately SEK 650 M in the fourth quarter of 2023.

• Volvo-Construction-Equipment-reaches-agreement-to-divest-the-ABG-paver-business (PDF, 204 KB)

The number of votes in AB Volvo has changed due to the conversion of a total of 550 Series A shares to a total of 550 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at the 2011 Annual General Meeting.

• New-number-of-votes-in-AB-Volvo (PDF, 162 KB)

CRH, the global leader in building materials solutions, and Volvo Group, the leader in transport and infrastructure solutions, have signed a Memorandum of Understanding (MoU) to accelerate net-zero innovations in the design and deployment of on-road vehicles and off-road equipment used in construction with a focus on next generation technology deployment, scaling cutting-edge technology, and operational efficiency.

• Volvo-Group-and-CRH-agree-partnership-to-accelerate-decarbonization (PDF, 360 KB)