AB Volvo (publ) (VLVLY)

CAT and VLVLY face near-term headwinds, but Caterpillar's stronger ROE and U.S. tailwinds may give it an edge.

NOIDA, India--(BUSINESS WIRE)-- #AI--HCLTech today announced that Volvo Cars has chosen HCLTech as one of its strategic suppliers for engineering services.

SHIPPENSBURG, Pa.--(BUSINESS WIRE)--As part of a global investment to support growing demand, Volvo Construction Equipment is expanding production capabilities in Shippensburg, Penn.

Volvo Cars sold 59,822 cars in May, down 12% from a year earlier, the Sweden-based company said on Wednesday.

FOLD, BRCC and VLVLY have been added to the Zacks Rank #5 (Strong Sell) List on May 3, 2025.

S&P on Friday lowered the outlook for its BB+ credit rating on Volvo Cars to "negative" from "stable", saying U.S. tariffs and tougher competition in China were hurting the company's growth prospects.

Volvo is looking to lower costs by cutting thousands of jobs, they announced on Monday. Most of its production based in Europe and China.

Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said ...

The Swedish carmaker warned last month that job cuts were on the way as it launched a plan to cut around $1.9 billion in costs.

The move comes after the company announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan. Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Monday...