volvo sweden price stock

Is Volvo back on the Swedish stock market?

The Chinese-controlled Swedish car maker Volvo Cars will make a return as a listed company after a hiatus of more than two decades following an initial public offering and share listing in Sweden later this month FILE - This Feb. 6, 2020, file photo shows the Volvo logo in the lobby of the Volvo corporate headquarters in Brussels.

Who is the new CEO of Volvo Car AB?

Volvo Car AB (publ.) Appoints Jim Rowan as CEO, Effective March 21, 2022 Succeeding Håk.. News in other languages on VOLVO CAR AB (PUBL.)

Who will own Volvo after the IPO?

Geely, which had indicated to banks and investors earlier this month that it was preparing a Volvo Cars IPO, would continue as the Swedish company’s main owner after the listing, the company said. Volvo Cars has an ambitious plan to sell full electric cars only by 2030.

Is Volvo worth $23 billion?

The Goteborg, Sweden-based Volvo Cars said in a statement Monday that the company, owned by China’s Zhejiang Geely Holding Group Co., would offer shares at 53 Swedish kronor to 68 kronor each in a move that is expected to raise $2.9 billion, valuing the automaker at up to $23 billion.

Is Volvo a good stock to buy?

Valuation metrics show that AB Volvo may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of VLVLY, demonstrate its potential to outperform the market. It currently has a Growth Score of D.

Can you buy shares in Volvo?

To buy shares in Volvo (AB), you'll need to have an account.

Why is Volvo stock dropping?

Semiconductor drought 'affecting all plants and models' says automaker. Volvo is again blaming "chip shortages" after the company experienced a 22.1 percent drop in sales for cars in March compared to the previous year. "Customer demand remains strong," insisted the company after reporting sales of 58,677 cars.

What will Volvo cars stock symbol be?

VLVLY - AB Volvo (publ)

Does Volvo stock pay dividends?

For 2021, the Annual General Meeting resolved to approve the Board's proposal regarding payment of an ordinary dividend of SEK 6.50 per share and an extra dividend of SEK 6.50 per share, SEK 13.00 per share in total.

Who owns Volvo stock?

VolvoTypePublicly traded AktiebolagTotal assets515.856 billion kr (2021)Total equity144.118 billion kr (2021)OwnersAB Industrivärden (8.6%; 27.7% votes) Geely (8.2%; 16.0% votes)Number of employees95,850 (2021)17 more rows

Will Volvo stock go up?

Over the next 52 weeks, Volvo AB has on average historically risen by 21.3% based on the past 5 years of stock performance.

Are Volvos delayed?

Volvo Cars expects reduced production due to temporary worsened semiconductor situation. Volvo Cars is experiencing a temporary worsened production situation, expected to last throughout the second quarter due to lack of a specific type of semi-conductor.

Is Volvo affected by chip shortage?

Volvo sees positive signs that indicate the chips shortage will improve in the second half, including a more consistent supply. Volvo Cars said chip constraints were gradually improving after the automaker posted a fall in quarterly profit despite strong demand for its vehicles.

Is Volvo listed in the US?

The Volvo share is listed on the Nasdaq Stockholm, Sweden stock exchange.

Are Volvo cars listed?

Volvo Cars was publicly listed on the Nasdaq Stockholm stock exchange in 2021, though Geely still retains majority ownership.

Is Volvo publicly traded in the US?

All except Volvo Cars are currently publicly traded companies. McKinsey and Company predict that global car sales annual growth rate will be around 2% through 2030 compared to the 3.6% growth rate of the previous decade thanks to transportation services such as car-sharing and app-based ride-hailing.

Is Volvo publicly traded in the US?

All except Volvo Cars are currently publicly traded companies. McKinsey and Company predict that global car sales annual growth rate will be around 2% through 2030 compared to the 3.6% growth rate of the previous decade thanks to transportation services such as car-sharing and app-based ride-hailing.

Is Volvo a publicly traded company?

Viknesh Vijayenthiran October 29, 2021 Comment Now! The Volvo car brand has gone public via an initial public offering, with its shares listing on Sweden's Nasdaq Stockholm on Friday.

Is Volvo going to IPO?

Volvo's Cut-Price IPO Marks One of Europe's Biggest in 2021 Volvo Car AB gained in its trading debut in Stockholm after raising 20 billion kronor ($2.3 billion) in an initial public offering, as investors bought into the company's successful turnaround and promise of an electric future.

Is Volvo listed in the US?

The Volvo share is listed on the Nasdaq Stockholm, Sweden stock exchange.

Who owns Volvo in Sweden?

When will Volvo become electric?

Sweden-based Volvo, owned by China's Geely Holding, said on Friday it made a first-half profit of 13.24 billion Swedish crowns ($1.52 billion), more than double its profit of 5.52 billion crowns in the corresponding period of 2019, before the coronavirus struck.

Is Volvo a SPAC?

Sweden's Volvo Cars on Wednesday laid out an extensive road map to becoming a fully electric car maker by 2030, including plans to sell 600,000 battery electric vehicles at mid-decade and build a European battery gigafactory in 2026. The detailed presentation on Volvo Cars' future follows the scrapping earlier this year of a proposed merger with the company's Chinese parent, Hong Kong-listed Geely Automobile . In March, Geely said Volvo Cars would explore capital market options, including an initial public offering and stock market listing.

Is Volvo building a third plant?

PACCAR Inc. and Volvo Group are among investors in a special purpose acquisition company ( SPAC) that plans to bring self-driving technology company Aurora Innovation public at a $10.6 billion enterprise valuation, the second-highest of four startups seeking to trade on public markets.

What is Volvo AB?

Volvo Cars is considering building a third plant in Europe in order to boost its production capacity beyond 1.2 million vehicles per year, a company spokesperson said on Sunday. German autos publication Automobilwoche reported earlier on Sunday that the company was planning on building another European plant by the middle of the decade to meet its production target of 1.2 million vehicles a year, quoting Volvo Cars CFO Bjorn Annwall. A company spokesperson said by email to Reuters that the company was already able to produce 1.2 million vehicles annually at its six existing factories and wanted to increase its capacity beyond this amount, but no plans had been finalised as of yet.

Where is Volvo headquartered?

Volvo AB engages in the design, manufacture, and market of commercial vehicles. It operates through the following segments: Trucks, Construction Equipment, Buses, Volvo Penta, Group Functions and Other, Industrial Operations, and Financial Services. The Trucks segment includes the production, development, and logistics for powertrain and parts. The Volvo Penta segment markets marine and industrial engines. The Group Functions and Other segment encompasses Volvo Group IT and Volvo Group Real Estate. The company was founded by Assar-Thorvald Nathanael-Gabrielsson and Erik Gustaf Larson in 1927 and is headquartered in Goteborg, Sweden.

4.1 Analyst's Opinion

The company was founded by Assar-Thorvald Nathanael-Gabrielsson and Erik Gustaf Larson in 1927 and is headquartered in Goteborg, Sweden.

Is Volvo Car a buy right now?

Volvo Car has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 2 buy ratings, 4 hold ratings, and 1 sell rating.

What price target have analysts set for VLVOF?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Volvo Car in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Volvo Car stock.

Who are some of Volvo Car's key competitors?

7 equities research analysts have issued twelve-month price objectives for Volvo Car's stock. Their forecasts range from 61.00 to 90.00. On average, they anticipate Volvo Car's stock price to reach 80.67 in the next year.

How do I buy shares of Volvo Car?

Some companies that are related to Volvo Car include Hyundai Motor (HYMTF), Kia Motors (KIMTF), OTCMKTS:NHHHF (NHHHF), PSA Group (PEUGY) and Trigano (TGNOF). View all of VLVOF's competitors.

What is Volvo Car's stock price today?

Shares of VLVOF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.

Who owns Volvo Cars?

One share of VLVOF stock can currently be purchased for approximately 7.35.

When will Volvo sell electric cars?

The Goteborg, Sweden-based Volvo Cars said in a statement Monday that the company, owned by China’s Zhejiang Geely Holding Group Co ., would offer shares at 53 Swedish kronor to 68 kronor each in a move that is expected to raise $2.9 billion, valuing the automaker at up to $23 billion.

Is Volvo a listed company?

Volvo Cars has an ambitious plan to sell full electric cars only by 2030. It plans to use the funds from the offering to add its car manufacturing capacity to meet a target for sales of more than 1.2 million vehicles annually, and to construct a battery plant in Europe.