Volvo Cars today successfully issued its fourth green bond and raised EUR 500m from a diverse group of global investors. The bond was oversubscribed four times underscoring strong investor support for Volvo Cars’ transformation journey. The initiative further supports the company’s aim to have 100 percent of its outstanding debt linked to the Green Financing Framework, or in a sustainability-linke...
Volvo Car AB (publ)’s (“Volvo Cars”) distribution of a portion of the shareholding in Polestar Automotive Holding UK PLC (“Polestar”) to Volvo Cars’ shareholders, has resulted in a temporary change in the number of shares and votes in Volvo Cars. As of 30 April 2024, the total number of shares and votes in the company amounts to 5,959,048,358.
Volvo Cars today reports an operating profit (EBIT) excluding joint ventures and associates of SEK 6.8 billion for the first quarter of 2024, an increase of 8 per cent versus the same period in 2023. The corresponding EBIT margin came in at 7.2 per cent, up from 6.6 per cent a year earlier.
Volvo Cars today launches a new philanthropic fund with the ambition to positively impact a million lives over time through support initiatives in the communities in which we operate.
Our Taizhou manufacturing plant has switched to biogas, making it our first plant in China to achieve climate-neutral status. The plant’s switch from natural gas will result in a reduction of more than 7,000 tonnes of CO2 per year.
The Board of Volvo Cars has decided on the final terms and timetable for the distribution of 62.7 percent of its Polestar shareholding to its shareholders
Volvo Cars reports sales of 78,970 cars in March, an increase of 25 per cent compared to the same month last year, and an all-time high for global sales during a single month. Volvo Cars’ new fully electric small SUV the EX30 contributed to the sales growth, as well as a strong sales performance in Europe and the US.
