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...Time and money are required from Volvo....
...Revenues rose 21 per cent to SKr399bn, while Volvo’s margins rose 18 per cent to 6.4 per cent once Polestar was stripped out....
...Volvo’s stock rose by about a quarter on Thursday. At Renault, too, shareholders welcomed the decision to keep Ampere within the fold....
...After the sale completes, its shareholding in Volvo will be 78.7 per cent....
...Mercedes-Benz, Volvo trucks and Aston Martin....
...Volvo is also considering other options across the world, he added....
...Earlier this year, Russian officials said that various investors, including companies from Belarus and China, were queueing up to buy the Volvo AB assets....
...The Swedish industrial start-up is ramping up production in Skellefteå at the same time as aiming to build three new gigafactories: one in central Sweden with Volvo Cars, one in Germany and another in Canada...
...Led by former Volvo and state auto executives, the company counted tech giant Tencent, ride-hailing group DiDi and battery champion CATL among its investors....
...Volvo AB blasted a klaxon for investors on Wednesday. The Swedish truck and heavy equipment maker announced surprisingly strong preliminary profits for the first three months of 2023....
...Carlsson leads a type of company that is unusual for Sweden, home to traditional manufacturers including Volvo, Atlas Copco, and SKF....
...It has opened a factory just below the Arctic Circle in Sweden, broken ground on a second plant in the country with Volvo and announced a third in Germany....
...Volvo enjoyed significantly better performance from both its truck and construction equipment divisions....
...Swedish truckmaker Volvo AB is already selling more electric trucks than rivals Daimler Truck or Traton....
...It is planning to open three more — one in co-operation with carmaker Volvo in Sweden, a second in northern Germany, and a third in North America, thanks to generous green subsidies from the Joe Biden administration...
...Volvo Cars said it had “no need” to join Tesla and Ford in cutting prices for its electric models after sales tripled last year....
...The company is already Europe’s largest homegrown battery manufacturer, with aims to build a second facility in Sweden’s Gothenburg alongside Volvo....
...But its approach mirrors that of Volvo Trucks. “We are moving away from diversity and towards inclusion,” says Hanna Fager, Volvo Cars human resources chief....
...About 12 per cent of the cars Volvo sold in September were electric, a figure it hopes to increase to 50 per cent by the middle of the decade....
...Swedish truckmaker Volvo AB has borrowed €500mn via a corporate bond, not the Swedish carmaker Volvo as incorrectly stated in an article on August 13....
...Northvolt has locked in some $55mn of sales agreements with partners BMW, Volkswagen, Volvo Cars and Scania trucks. The business plans to build four gigafactories, each producing about 60GWh a year....
...Northvolt is also about to begin construction of a second “gigafactory” jointly with Volvo Cars in Gothenburg and will decide next month whether to build a third plant in Germany or in the US....
...While it will buy the lidar from Luminar, a company in which Volvo has invested, Volvo has developed the software for processing its images in-house, with a team of “hundreds” of developers, Rowan said....
...SSAB has already produced 500 tonnes of steel using the process, selling it to customers including compatriot Volvo Group, and is planning to transform its business with striking speed....
...Northvolt is considering whether to build its next factory — after two in Sweden, including one it owns jointly with Volvo — in Germany or the US....
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