Volvo Car AB (publ.)
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Hakan Samuelsson
- Full Time Employees
- 43,500
- Sector
- Consumer Cyclical
- Industry
- Auto - Manufacturers
- Address
- KarossvAegen 2 Gothenburg Sweden 418 78
- IPO Date
- Nov 28, 2022
- Website
- volvocars.com
- Similar Companies
- Business
- Volvo Car AB (publ.) designs, develops, manufactures, markets and sells premium passenger cars worldwide, with a focus on safety, electrification and sustainable mobility. The company offers a range of battery electric vehicles including the EX30 compact SUV, EX40 compact SUV, EX90 premium 7-seater SUV and ES90 electric sedan; plug-in hybrid models such as the XC60, XC90 and forthcoming extended-range XC70; mild hybrids and internal combustion engine variants of SUVs, estates and saloons like the XC40, XC60, XC90, V60 and S60/S90 sedans; together with vehicle parts, accessories, maintenance contracts, extended warranties, connectivity services and in-car software. Founded in 1927 and headquartered in Gothenburg, Sweden, Volvo Car AB (publ.) operates manufacturing facilities in Sweden, Belgium, China, the United States, Malaysia and India, serving premium customers in Europe, North America, Asia-Pacific and other regions as a subsidiary of Geely Sweden Holdings AB. Recent strategic developments include the full acquisition of Novo Energy AB from Northvolt AB in 2025 to secure EV battery production; the launch of a SEK 18 billion cost and cash turnaround plan in early 2025 targeting variable costs, indirect spend efficiencies and working capital reductions with major effects in 2026; workforce restructuring reducing 3,000 positions; new product introductions such as the EX30 Cross Country, refreshed XC90, ES90 and preparations for the EX60 mid-size electric SUV debut in January 2026; and production shifts like EX30 assembly to Ghent, Belgium to mitigate tariffs.
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