OTC Markets OTCPK - Delayed Quote • USD Volvo Car AB (publ.) (VLVOF) Follow Compare 2.2200 0.0000 (0.00%) At close: December 12 at 3:00:00 PM EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Volvo Car AB (publ.) (OM:VOLCAR B) Eyes Growth with Novo Energy Acquisition and Strong Sales Performance Volvo Car AB (publ.)(OM:VOLCAR B) has recently announced a notable increase in sales, reporting 61,686 cars sold in October 2024, up from 59,861 the previous year, and a year-to-date total of 622,608 cars, marking a significant rise from 569,019 cars last year. Amidst these positive sales figures, the company is navigating strategic shifts, notably its decision to acquire full control of the EV battery joint venture Novo Energy, following a breach of agreement by its partner Northvolt AB... From car to cloud: Volvo Cars expands collaboration with NVIDIA At Volvo Cars, we don't focus on technology for the sake of technology. We develop human-centric technology that creates value and makes cars safer, life better, without compromise on safety. Volvo Cars reports record core operating profit of SEK 8.2 billion in Q2 2024 Volvo Cars today reports an operating profit (EBIT), excluding joint ventures and associates, of SEK 8.2 billion for the second quarter of 2024, the highest-ever in a single quarter and an increase of 28 per cent versus the same period in 2023. Swedish Exchange Highlights Three Stocks Seen As Trading Below Estimated Intrinsic Values Amidst a backdrop of fluctuating global markets, the Swedish stock market presents intriguing opportunities for investors seeking value. With recent economic data influencing market dynamics, certain stocks on the Swedish exchange appear to be trading below their estimated intrinsic values, potentially offering attractive entry points for discerning investors. Stocks to watch this week: Anglo American, Burberry, TSMC and Netflix Earnings preview of key companies reporting this week and what to look out for. Why Biden's tariffs on Chinese EVs will have little immediate impact on the US auto market President Biden quadrupled tariffs on Chinese-made EVs. The catch? Hardly any Americans are buying these cars anyway. Volvo Cars reports 8 per cent increase in Q1 2024 core operating profit to SEK 6.8 billion 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 Car AB (publ.) publishes Annual and Sustainability Report 2023 Volvo Car AB (publ.) publishes its Annual and Sustainability Report for 2023 on the Investors website. The report can be found here. Tesla to resume Giga Berlin production following Red Sea disruption Tesla has confirmed that it will restart operations at Giga Berlin following a production halt due to ongoing Houthi militia attacks on component suppliers using Red Sea transport routes. Volvo stock surges on strong sales and EV deliveries, will no longer fund Polestar Volvo, owned by China’s Geely, reported deliveries surged in 2023 to 708K cars, resulting in SEK 399.3 billion ($38.37 billion) in revenue, a 21% jump from a year ago. Volvo can adapt to individual state demands for EVs, hybrids Swedish automaker Volvo (VOLCAR-B.ST, VLVLY) reported electric vehicle sales to have jumped by 70% year-over-year in 2023. Volvo Cars Deputy CEO and Chief Commercial Officer Björn Annwall joins Yahoo Finance Live and Senior Reporter Pras Subramanian to talk about Volvo's doubling down in the EV space, its ability to convert consumers from hybrid models, and its partnership with Polestar (PSNY). "We can play a different audience in different states, so that's really the strength of Volvo. What we see happening now in the US is really how plug-in hybrids are taking off," Annwall says. "Many consumers see that as a bridge into a fully electric future." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan. Volvo Cars 2023 profit increases by 43 percent to deliver a record year in the company's 97-year history Full Year 2023 Performance Overview Trailing total returns as of 12/13/2024, which may include dividends or other distributions. Benchmark is OMX Stockholm 30 Index Return VLVOF OMX Stockholm 30 Index YTD -18.38% +7.54% 1-Year -18.38% +10.46% 3-Year -18.38% +11.37%