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volvo ab-a shs (VOLAF) Details

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines primarily in Europe, North America, South America, and Asia. The company offers trucks for long-haul, regional and city distribution, and construction purposes under the Eicher, Mack, Renault Trucks, UD Trucks, and Volvo brand names; special-purpose vehicles that are used by instance government, defense, peace-keeping, and relief organizations; and buses and bus chassis for city, intercity, and coach traffic, as well as provides service network, spare parts handling, service and repair contracts, and traffic information systems. It also manufactures and markets equipment for construction and related industries, including wheel and backhoe loaders, crawler excavators, articulated haulers, motor graders, wheeled excavators, compaction equipment, pavers, skidsteer loaders, asphalt milling machines, and road machinery under the brand names Volvo and SDLG. In addition, the company manufactures engines and drive systems for leisure boats and commercial crafts; and supplies industrial engines for various industrial applications, such as container handling, mining equipment, and power generation. Further, it provides financial solutions, such as customer financing and leasing, and dealer financing; insurance; industrial IT solutions; and logistics solutions, including inbound, outbound, and packaging services to the automotive, transport, and aviation industries. Additionally, it offers spare parts, rental services, preventive maintenance, assistance, and IT services. The company provides its products and services wholly-owned and independent dealers and service workshops. AB Volvo (publ) has strategic alliance Dongfeng Motor Group Company Limited, a vehicle manufacturer in China. The company was founded in 1915 and is headquartered in Gothenburg, Sweden.

Founded in 1915

volvo ab-a shs (VOLAF) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: kr13.2M
Compensation as of Fiscal Year 2012.

volvo ab-a shs (VOLAF) Key Developments

Volvo Launches its New 18- to 22-Ton-Class L110H and L120H Wheel Loaders

Volvo has launched its new 18- to 22-ton-class L110H and L120H wheel loaders. The 18- to 22-ton-class L110H and L120H wheel loaders produce 256bhp and 268bhp respectively. Designed to handle jobs as material handling, road construction and utility work, the loaders offer bucket capacities between 3.2 and 12.4 cubic yards. Both models feature intelligent load-sensing hydraulics, Reverse-By-Braking feature, Volvo's OptiShift technology and Boom Suspension System.

Volvo Unveils New Safety Technology in Preparation for New XC90 Launch

As Volvo prepares to introduce its important second generation XC90 crossover in August 2014, the automaker has revealed the new safety technology that it will feature. As part of what it calls 'the most advanced standard safety package on the market' it will include two world firsts. The first is a run-off road protection package which protects the vehicle occupants should the vehicle leave the road due to driver distraction, fatigue or poor weather conditions. The vehicle will use a Safe Positioning feature to detect when such a situation is about to take place, and tightens the front seat belts to hold the occupants in position as it the car continues to move. The car also features an energy absorbing functionality between seat and seat frame that cushions vertical forces that could cause spinal injuries during a hard landing. It also notes that the new XC90 will also feature technology that will hopefully prevent this type of instances taking place, with a Lane Keeping Aid able to apply extra steering torque if the technology considers its possible that the car will leave its lane unintentionally. There is also Driver Alert control that detects drivers that are inattentive or fatigued as well as offering Rest Stop Guidance which gives directions to the nearest safe resting area. Other features that are set to be introduced in the XC90 will be part of its IntelliSafe technology suite. This will feature an extended Park Assist Pilot which now offers support when reversing in to a parking bay, as well as entering and exiting a parallel spot. The vehicle uses 12 ultrasonic sensors when the system is activated to sense empty spaces in which to park that are 1.2 times the length of the vehicle and in a bay situation, 1 metre wider than the vehicle. The vehicle then notifies the driver and guides them through text and animations in the instrument cluster through the process. The system can also offers 360[deg] Surround View, a digital bird's eye view of obstacles around the vehicle on a centre dash screen via four concealed fish eye cameras. As well as these, IntelliSafe features Cross Traffic Alert which watches out for potential vehicles up to 30 metres away as it reverses out of a space, and alerts the driver if necessary. Other technologies that will be featured in the new XC90 will be: The car also extensively uses hot-formed boron steel in the body's safety cage, and is said to feature in 40% of its total body weight.

US Court Orders Volvo Group to Pay Penalties in Engine Emission Case

The U.S. Court of Appeals for the District of Columbia Circuit has ruled that the Volvo Group should pay penalties and interest of approximately SEK 508 million following a dispute between the Volvo Group and the U.S. Environmental Protection Agency (EPA) regarding emission compliance of diesel engines. The Court of Appeals affirmed a District Court's ruling that model year 2005 Volvo Penta engines violated the provisions of a Consent Decree. This is expected to have a negative impact on the group's operating income of approximately SEK 440 million in the third quarter of 2014 in the segment Group functions and other. The Volvo Group had previously accounted for approximately SEK 68 million as a provision and approximately SEK 422 million as a contingent liability. In 2012 the District Court issued a judgment ordering the Volvo Group to pay penalties and interest for engines which Volvo claims were not part of the decree. Volvo filed an appeal on several grounds. The Court of Appeals' ruling was rendered on July 18, 2014. Volvo will now review the ruling in detail, and consider whether to appeal or not.


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