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Volvo


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HSBC says European truck market sentiment has bottomed out, improvement to come

BUZZ-HSBC says European truck market sentiment has bottomed out, improvement to come ** HSBC says truck market sentiment has bottomed out and should improve in the coming quarters and into H1 2025 ** It points to policy easing, relatively low levels of order cancellations, and normalised lead times and used values as reasons for the expected improv
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Polestar posts further loss, hit by demand slowdown and delay in car launches

Polestar posts further loss, hit by demand slowdown and delay in car launches STOCKHOLM, Aug 29 (Reuters) - Polestar PSNY.O posted a second quarter operating loss on Thursday, a day after the Swedish electric vehicle (EV) maker replaced its CEO amid funding issues and flagging sales. The luxury car maker has struggled like other EV startups to become profitable, hindered by extensive delays to model launches, missed delivery goals and higher costs.
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EV maker Polestar taps industry veteran as CEO to shake-up faltering business

UPDATE 4-EV maker Polestar taps industry veteran as CEO to shake-up faltering business Adds shares and background in paragraph 2 By Marie Mannes STOCKHOLM, Aug 28 (Reuters) - Polestar PSNY.O> will replace long-serving CEO Thomas Ingenlath with a former boss of Opel and EV startups as the company fights to shake up its business after years of delayed model launches, missed delivery targets and further separation from Volvo Cars.
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Auto File-Ford slows its EV roll 

Auto File-Ford slows its EV roll  Aug 27 - By Nick Carey , European Autos Correspondent Greetings from London! The auto industry’s summer of trade barriers continues, as Canada joined the club this week with a 100% tariff on imported Chinese-made electric vehicles, similar to one announced next door by the Biden administration. In the short term the tariffs will mostly affect Tesla’s imports into Canada, but they also send a clear message to Chinese automakers like BYD, which wants to enter
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GS sees slowing sales for truckmakers, cuts Daimler Truck to 'neutral'

BUZZ-GS sees slowing sales for truckmakers, cuts Daimler Truck to 'neutral' ** Goldman Sachs sees slowing end market demand for truckmakers and cuts its 2025 delivery estimates by about 10% on average for Daimler Truck DTGGe.DE , Traton 8TRA.DE and Volvo VOLVb.ST ** The deceleration seems to be driven above all by the U.S., the broker says ** It cuts Daimler Truck to "neutral" from "buy", noting its exposure to the U.S.; stock down 0.8% at 1118 GMT ** "We see risks of Daimler cutting guidance ag
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AB Foods, Bunzl, Barratt

EUROPE RESEARCH ROUNDUP- AB Foods, Bunzl, Barratt Aug 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AB Foods, Bunzl and Barratt on Tuesday. HIGHLIGHTS * AB Foods ABF.L : Deutsche Bank cuts to sell from hold * Bunzl BNZL.L : JP Morgan raises target price to 3,660p from 3,380p * Barratt BDEV.L : Morgan Stanley resumes coverage with equal-weight rating * Continental AG CONG.DE : UBS raises to buy from neutral * Schindler Holding
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Volvo picks Monterrey for $700 mln Mexico truck plant

UPDATE 2-Volvo picks Monterrey for $700 mln Mexico truck plant Adds construction costs in paragraph 1 STOCKHOLM, Aug 23 (Reuters) - Sweden's AB Volvo VOLVb.ST has picked Monterrey in northern Mexico as the site for its new North American heavy-duty truck factory and expects construction to cost $700 million, it said on Friday. Volvo had announced in April that it aimed to build a plant in Mexico to supply the group's Volvo Trucks and Mack Trucks businesses in the United States and Canada as well
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Volvo To Build Mexican Heavy-Duty Truck Manufacturing Plant In Monterrey

BRIEF-Volvo To Build Mexican Heavy-Duty Truck Manufacturing Plant In Monterrey Aug 23 (Reuters) - Volvo AB VOLVb.ST : WILL BUILD ITS NEW MEXICAN HEAVY-DUTY TRUCK MANUFACTURING PLANT IN MONTERREY PLANT IS EXPECTED TO BE OPERATIONAL IN 2026 MONTERREY PLANT REPRESENTS AN INVESTMENT OF APPROXIMATELY USD 700 M (SEK 7.2 BILLION) Source text for Eikon: ID
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Volvo picks Monterrey in Mexico for new truck plant

Volvo picks Monterrey in Mexico for new truck plant STOCKHOLM, Aug 23 (Reuters) - Sweden's AB Volvo VOLVb.ST has selected Monterrey, Mexico, as the site for its planned North American heavy-duty truck manufacturing plant, it said on Friday. Reporting by Anna Ringstrom Editing by David Goodman
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US business equipment borrowings rise 13% in July, ELFA says

US business equipment borrowings rise 13% in July, ELFA says Aug 22 (Reuters) - U.S. companies increased borrowing to finance equipment investments by 13% in July compared with the previous year, the Equipment Leasing and Finance Association said on Thursday. New loans, leases and lines of credit signed up by companies in July were up 11% from $10 billion a month earlier.
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BMW overtakes Tesla in European EV sales for first time, report says

BMW overtakes Tesla in European EV sales for first time, report says Aug 22 (Reuters) - BMW BMWG.DE led the European battery electric vehicle (BEV) market for the first time, beating U.S. automaker Tesla TSLA.O , according to market research firm JATO Dynamics. The German auto giant sold 14,869 BEV cars in July, about 300 more than Tesla last month. WHY IT'S IMPORTANT The data underscored traditional automakers' success in the market after trailing pure electric-vehicle manufacturers, driven by
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Volvo wins order for 300 electric trucks from DSV

Volvo wins order for 300 electric trucks from DSV COPENHAGEN, Aug 22 (Reuters) - Sweden's AB Volvo VOLVb.ST said on Thursday it had received an order for 300 electric trucks from Danish logistics firm DSV DSV.CO . The order, one of the largest electric ones for Volvo Trucks to date, represents about 8% of the total 3,800 electric trucks that the Volvo unit has delivered since 2019, it said in statement.
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Volvo Gets Order For 300 Electric Trucks From DSV

BRIEF-Volvo Gets Order For 300 Electric Trucks From DSV Aug 22 (Reuters) - Volvo AB VOLVb.ST : RECEIVES ORDER FOR 300 ELECTRIC TRUCKS FROM DSV SAYS DEAL IS ONE OF LARGEST COMMERCIAL ORDERS TO DATE FOR VOLVO ELECTRIC TRUCKS Source text for Eikon: ID:nPregl5GCa Further company coverage: [VOLVb.ST] (Gdansk Newsroom)
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Chinese EV maker BYD eyes state incentives for Mexico plant

UPDATE 3-Chinese EV maker BYD eyes state incentives for Mexico plant Adds economy ministry visit in paragraphs 15, 16 By Cassandra Garrison MEXICO CITY, Aug 21 (Reuters) - Chinese electric vehicle maker BYD 002594.SZ has narrowed its list of finalists for the location of a manufacturing plant in Mexico down to three states and is reviewing a range of proposed incentives from them, the firm's country head said on Wednesday.
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Chinese EV maker BYD eyes state incentives for Mexico plant

CORRECTED-UPDATE 2-Chinese EV maker BYD eyes state incentives for Mexico plant Corrects second-stage production to 150,000 units, not 250,000, in paragraph 10 By Cassandra Garrison MEXICO CITY, Aug 21 (Reuters) - Chinese electric vehicle maker BYD 002594.SZ has narrowed its list of finalists for the location of a manufacturing plant in Mexico down to three states and is reviewing a range of proposed incentives from them, the firm's country head said on Wednesday.
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EV startup Rivian's production chief joins Stellantis

EV startup Rivian's production chief joins Stellantis By Abhirup Roy SAN FRANCISCO, Aug 20 (Reuters) - Rivian's RIVN.O head of manufacturing is leaving the electric vehicle startup to join Stellantis STLAM.MI at a time when the maker of Jeep SUVs and Ram pickups is preparing to launch a number of battery powered cars. Tim Fallon will join Stellantis as its head of manufacturing in North America effective Sept 2, Stellantis said in a statement.
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Vattenfall and Swedish industry majors join forces on new energy investment

Vattenfall and Swedish industry majors join forces on new energy investment By Nora Buli OSLO, Aug 20 (Reuters) - Sweden's biggest utility Vattenfall and a group of large industrial firms will jointly explore investments in new fossil-free power production to meet growing electricity demand amid decarbonisation efforts, the companies said on Tuesday.
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Volvo to build plant in Mexico's northern Nuevo Leon state

Volvo to build plant in Mexico's northern Nuevo Leon state MEXICO CITY, Aug 19 (Reuters) - Swedish truck maker Volvo VOLVb.ST will build a plant in Mexico's northern state of Nuevo Leon, the state's governor said on Monday. Volvo had announced the plans to build the Mexican plant in April, but did not divulge the location. The plant is set to manufacture heavy-duty trucks to supplement U.S.
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Swedish EV maker Polestar starts U.S. production, avoiding heavy tariffs

CORRECTED-Swedish EV maker Polestar starts U.S. production, avoiding heavy tariffs Corrects timeline for Polestar 4 South Korean production to mid 2025 from second half of 2024 in paragraph 7 By Abhirup Roy and Marie Mannes Aug 14 (Reuters) - Swedish electric-vehicle (EV) maker Polestar A4N1y.F moved one step further in avoiding major tariffs imposed on Chinese-made cars on Wednesday when the automaker said it began production of its Polestar 3 SUV in the United States.
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Thoma Bravo explores $2 billion sale of ESG software maker Cority, sources say

Thoma Bravo explores $2 billion sale of ESG software maker Cority, sources say By Milana Vinn NEW YORK, Aug 6 (Reuters) - Thoma Bravo is exploring options including a potential sale of Cority that it hopes will value the sustainability compliance software maker at about $2 billion, including debt, according to people familiar with the matter. The technology-focused buyout firm has tapped Goldman Sachs GS.N to run a sale process for Cority, which could attract interest from other private equity f
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