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Volvo

Volvo Cars’ sales grow 10% in April on demand jump in China

STOCKHOLM: Sweden-based Volvo Cars said on Wednesday that sales increased by 10% year-on-year in April to 51,976...

Updated 03 May, 2023 01:14pm

Business & Finance

Volvo Cars braces for challenges in 2023 after quarterly profit falls

STOCKHOLM: Volvo Cars said on Thursday that 2023 is likely to be another challenging year despite healthy demand for...

Published 09 Feb, 2023 11:55am

Business & Finance

Volvo Cars’ sales growth accelerates to 12% in November

STOCKHOLM: Sweden-based Volvo Car AB said on Friday its sales grew 12% year-on-year in November to 59,154...

Published 02 Dec, 2022 01:38pm

Business & Finance

Volvo Cars to close China plant due coronavirus restrictions

OSLO: Sweden’s Volvo Cars will temporarily close its plant in the Chinese city of Chengdu due to local coronavirus...

Published 01 Sep, 2022 05:45pm

Business & Finance

Volvo Cars reports 28% drop in May sales as China lockdowns weigh

STOCKHOLM: Volvo Car Group’s May sales were down 28.3% from a year earlier, the Sweden-based automaker said on...

Published 02 Jun, 2022 01:11pm

Business & Finance

Truck maker Volvo halts Russia production and sales

STOCKHOLM: Swedish truck maker Volvo said Monday it had halted production at its Russian factory and stopped sales ...

Published 01 Mar, 2022 05:34am

Business & Finance

Volvo Cars says supply chain woes remain as profit lags forecasts

STOCKHOLM: Volvo Cars posted on Friday earnings below analysts' expectations pressured by the lingering global ...

Published 11 Feb, 2022 11:44am

Business & Finance

Volvo to convert largest factory for electric cars

STOCKHOLM: Swedish carmaker Volvo Cars said Tuesday that it will invest nearly a billion euros in its historic...

Published 08 Feb, 2022 05:56pm

Business & Finance

Volvo profit up in 2021, but supply crunch bites

STOCKHOLM: Volvo said on Friday that profit increased in 2021 as customer activity returned to pre-pandemic levels,...

Published 31 Jan, 2022 07:10am

Business & Finance

Volvo sales down on supply crunch

STOCKHOLM: Volvo sales and profits fell in the third quarter due to the global shortage of semiconductors, but ...

Published 06 Dec, 2021 06:19am

Markets

Volvo Cars shares soar after IPO

STOCKHOLM: Shares of the Swedish car brand Volvo debuted Friday on the Stockholm stock exchange, with the price...

Published 29 Oct, 2021 02:00pm

Business & Finance

Volvo Cars reports 30% sales drop in September as chip crisis weighs

STOCKHOLM: Geely-owned Volvo Car Group's monthly sales fell 30.2% from a year ago in September, dented by the global...

Published 04 Oct, 2021 01:23pm

World

Biden to set target of half of US car sales to be zero-emission by 2030

WASHINGTON: President Joe Biden will set a target on Thursday that half of all cars sold in the United States by ...

Published 06 Aug, 2021 04:18am

Business & Finance

Going electric: Carmakers make the switch

VW's high-end Audi brand expects to be 100-percent electric in 2033

Published 25 Jul, 2021 11:37am

Business & Finance

Eyeing IPO, Volvo Cars to take full control of its Chinese business

Volvo Cars to buy out parent Geely from Chinese JVs
Two step deal seen formally completed in 2023
Geely considering options for Volvo Cars, including IPO

Published 21 Jul, 2021 06:03pm

Business & Finance

Truckmaker Volvo profit just misses view as chip shortage weighs

Volvo, a rival of Germany's Daimler and Traton , said it struggled with substantial production stoppages as a result in the second quarter

Published 20 Jul, 2021 11:11am

Business & Finance

VW, Daimler, Volvo team up to build truck chargers

The project will be managed by a joint venture that is planned to begin operations next year.

Published 05 Jul, 2021 04:05pm

Business & Finance

Volvo, Northvolt team up for electric battery factory

This would allow Volvo to equip around 800,000 vehicles per year.

Published 21 Jun, 2021 05:27pm

Business & Finance

Volvo braces for semiconductor shortage as earnings rise

Net profit rose to 8.8 billion Swedish kronor ($1.05 billion, 874 million euros), up from 4.67 billion a year earlier and beating analyst expectations.

Published 22 Apr, 2021 04:45pm

World

Google, BMW, Volvo, and Samsung SDI sign up to WWF call for temporary ban on deep-sea mining

Companies that hold exploration licences for swathes of the sea floor, including DeepGreen, GSR and UK Seabed Resources - a subsidiary of Lockheed Martin's UK-based arm - hope to eventually sell minerals from the seabed to carmakers and battery companies.

Published 31 Mar, 2021 12:48pm

Business & Finance

Betting on death of petrol cars, Volvo to go all electric by 2030

The carmaker's global network of 2,400 traditional bricks-and-mortar dealers will remain open to service vehicles and to help customers make online orders.

Published 02 Mar, 2021 12:22pm

World

Swede charged with spying for Russia

The Russian diplomat was briefly detained but released on account of his diplomatic immunity.

Published 22 Feb, 2021 05:20pm

Business & Finance

Pandemic puts brakes on Volvo 2020 earnings

For 2021, Volvo raised its sales forecasts in its trucks division -- its core business -- in Europe, North America and Brazil.

Published 03 Feb, 2021 05:09pm

Business & Finance

Volvo Cars posts 6pc December sales rise as recovery continues

Volvo's December sales in Europe dropped 1.8%, while China grew 9.9% and sales in the United States jumped 15.2%.

Published 07 Jan, 2021 04:24pm

Business & Finance

Volvo halts sales of heavy semi trucks in Mexico

Wholesale sales of heavy trucks in Mexico plummeted 46.2% during the first 10 months of this year, according to national statistics agency INEGI.

Published 08 Dec, 2020 10:40am

Business & Finance

Volvo recalls 54,000 US vehicles for air bag defect linked to one death

The unit of Geely Automotive is recalling 2001-2003 model S80 and S60 vehicles sold or registered in high humidity US states because the driver side frontal air bag inflator may rupture.

Published 07 Nov, 2020 08:09pm

Business & Finance

Volvo forecasts 'strong second-half recovery'

The company nonetheless posted a first half net loss of 1.17 billion kroner (114 million euros, $130 million), compared with a net profit of 3.4 billion kroner for the same period a year earlier.

Published 21 Jul, 2020 07:12pm

Business & Finance

Geely's Volvo Cars sees wider market recovery on solid growth in China

Volvo said it had seen a return to solid growth in China during the second quarter, and is expecting a similar upturn in the United States and Europe.

Published 21 Jul, 2020 05:57pm

Business & Finance

Volvo recalls over 2 million cars over seat belt fatigue

The recall affects 2,183,701 cars globally, and the cars will be fitted with a new component in place of the faulty wire.

Published 01 Jul, 2020 06:03pm

Business & Finance

Geely's Volvo Cars sales soar 40pc in May vs month-ago as virus curbs ease

Volvo said China sales grew 21.8pc in May, while U.S sales inched down 2.5pc year-on-year but bounced back strongly from April as states started to ease restrictions in place due to the pandemic.
Its sales in Europe fell around 50pc in the month, st

Published 03 Jun, 2020 06:15pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 2 786 Investments Limited(786)	5.85 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 2 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▼ 0.00 (0.00%)
Agro Allianz / Dec 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 2 Allied Bank Limited(ABL)	85.40 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 2 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▼ 0.00 (0.00%)
Abson Ind. / Dec 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 2 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▼ 0.00 (0.00%)
Attock Cement / Dec 2 Attock Cement Pakistan Limited(ACPL)	96.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 2 786 Investments Limited(786)	5.85 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 2 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▲ 0.00 (0.00%)
Agro Allianz / Dec 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 2 Allied Bank Limited(ABL)	85.40 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 2 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▲ 0.00 (0.00%)
Abson Ind. / Dec 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 2 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▲ 0.00 (0.00%)
Attock Cement / Dec 2 Attock Cement Pakistan Limited(ACPL)	96.07 ▲ 0.00 (0.00%)

Stock	Volume
Maple Leaf Cement / Dec 2 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.00
Pak Elektron / Dec 2 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.00
Fauji Fert Bin / Dec 2 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.00
Fauji Cement / Dec 2 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 0.00
Hum Network / Dec 2 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.00
WorldCall Telecom / Dec 2 Worldcall Telecom Limited(WTL)	17,256,413 ▲ 0.00
D.G.K.Cement / Dec 2 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.00
Air Link Com. / Dec 2 Air Link Communication Limited(AIRLINK)	13,542,140 ▲ 0.00
Dewan Cement / Dec 2 Dewan Cement Limited(DCL)	12,062,500 ▲ 0.00
K-Electric Ltd. / Dec 2 K-Electric Limited(KEL)	10,296,343 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	146.82
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.27
Euro to USD / Dec 1	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14305.03
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15

Item	Value
Crude Oil USD/Barrel / Dec 1	74.07
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2072.22
Cotton US¢/pound / Dec 1	79.42

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Volvo

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