The Volvo Group will be participating as a cooperation partner in a joint environmental program between the US and Swedish Governments. The program is aimed at reducing consumption of fossil fuel by focusing on projects within the areas of energy and vehicle development. For Volvo, it would involve producing powertrains based on alternative fuels suitable […]
The Board of Directors of AB Volvo has decided to apply for delisting of the Volvo share from the NASDAQ stock exchange in the United States and for deregistration of the Class B share from the US Securities and Exchange Commission, SEC.
A Volvo bus contract in Santiago, Chile, with a new bus operator, has been cancelled. Volvo Buses, though, continues to deliver new buses to the three other operators in Santiago.
For administrative reasons, Volvo will not be able to request redemption of the remaining shares outstanding in Nissan Diesel at the company’s Annual General Meeting in June. Instead, this will be done at an Extraordinary General Meeting in Nissan Diesel that will be held at the end of August, at the earliest.
As a part of the redemption procedure approved by the Annual General Meeting 4 April 2007, AB Volvo carried out a share split where each share was split into six shares, of which one redemption share.
Volvo Buses has received an order for 187 buses to the first phase of the Bus Rapid Transit (BRT) system in Santiago de Cali, Colombia. The buses will be delivered in autumn 2007.
Kerstin Renard has been appointed Senior Vice President Human Resources for the Volvo Group. Kerstin Renard will assume her new position on September 1, succeeding the current SVP Human Resources Kjell Svenson, who is retiring.
Volvo Penta has received two orders for industrial engines from Mexico. These are for a total of 80 of Volvo Penta’s 16-litre diesel engines for powering generators. The orders are valued at approximately 20 million Swedish kronor.
Yesterday Swedish truck manufacturer Volvo Trucks inaugurated its new Volvo Truck Center in Sofia.