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Volvo Cars

Volvo Cars reports slight sales increase amid market uncertainty

COPENHAGEN: Volvo Cars’ sales rose by 1% year-on-year in September to 62,458 cars, the Sweden-based automaker said...

Published 02 Oct, 2024 01:28pm

Business & Finance

Toyota cuts 2026 global EV output plans by a third, Nikkei reports

TOKYO: Japan’s Toyota Motor has slashed its electric vehicle production plans for 2026 by a third, the Nikkei...

Published 06 Sep, 2024 03:01pm

Business & Finance

Volvo Cars posts record March sales

COPENHAGEN: Volvo Cars’ sales rose 25% in March from a year earlier to 78,970 cars, reaching an all-time high for...

Published 04 Apr, 2024 01:11pm

Business & Finance

Volvo Cars axes 1,300 jobs as it steps up cost cuts

COPENHAGEN: Volvo Cars will lay off around 1,300 office-based employees in Sweden as it steps up its cost cutting,...

Published 04 May, 2023 12:38pm

Business & Finance

Renault CEO tours Korea unit run with Geely amid strategy reset

Renault Chief Executive Luca De Meo toured a South Korean factory run with China’s Geely Automobile on Tuesday, as...

Published 11 Oct, 2022 12:29pm

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 25% sales drop in April as lockdowns, supply woes weigh

STOCKHOLM: Volvo Car Group's monthly sales fell 24.8% in April from a year ago, the Sweden-based automaker said on...

Published 04 May, 2022 12:37pm

Markets

Strong earnings spur rally across European stocks

LONDON: European shares moved further off six-week lows hit last session as forecast-beating results from companies...

Published 29 Apr, 2022 05:43am

Business & Finance

Volvo Cars profit beats forecasts despite chip shortage

STOCKHOLM: Automaker Volvo Cars said on Thursday that chip constraints were gradually improving after posting...

Published 28 Apr, 2022 11:59am

Business & Finance

Shipping giants steer clear of Russia as Western net tightens

LONDON: The world’s biggest shipping lines MSC and Maersk on Tuesday suspended container shipping to and from...

Published 02 Mar, 2022 04:35am

Business & Finance

Volvo Cars and Mercedes boost profits despite sales slump

STOCKHOLM: High-end automakers Volvo Cars and Mercedes said Friday that the global supply chain bottlenecks caused...

Published 14 Feb, 2022 06:47am

Business & Finance

Volvo Cars January sales tumble as chip shortage lingers

STOCKHOLM: Volvo Car Group's sales fell 20.2% in January under pressure from the global component shortage, though...

Published 02 Feb, 2022 02:32pm

Business & Finance

Volvo Cars, Northvolt to open battery R&D centre as part of $3.3bn investment

STOCKHOLM: Volvo Cars and battery maker Northvolt will open a joint research and development centre in Sweden as ...

Published 10 Dec, 2021 10:59am

Business & Finance

Volvo Cars sees supply situation improving after Q3 profit drop

STOCKHOLM: Automaker Volvo Cars said on Tuesday the supply situation had improved going into the fourth quarter, as...

Published 30 Nov, 2021 01:50pm

World

Toyota defends skipping COP26 emissions pledge

TOKYO: Toyota defended a decision not to sign an emissions pledge proposed during the COP26 climate talks on...

Published 11 Nov, 2021 05:20am

Business & Finance

Volvo Cars sets listing price at low end of range, scales back offering

STOCKHOLM: Geely-owned Volvo Cars set a fixed price of 53 crowns ($6.2) per share for its planned listing on Monday ...

Published 25 Oct, 2021 01:07pm

Markets

Geely's Volvo Cars sets IPO price range, seeking up to $23 billion valuation

The transaction, including expected converted investments by investors AMF and Folksam, was seen resulting in a free float of about 19.5% to 24.0%, Volvo says

Published 18 Oct, 2021 06:53pm

Business & Finance

Volvo Cars announces IPO to raise nearly $2.9 billion

STOCKHOLM: Swedish car brand Volvo announced plans Monday to go public and raise nearly $2.9 billion as it shifts to...

Published 04 Oct, 2021 05:17pm

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

Volvo Cars gives all employees six-month paid parental leave

"Of course this will cost money but ... we see this as a long term investment," she said, adding the company expected "positive outcomes, that we attract more diverse talents, (and) that we also become a more attractive company."

Published 30 Mar, 2021 09:30am

Business & Finance

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

Volvo CEO says customers won't want a petrol engine in future.
Carmakers racing to switch to zero-emissions models.
Volvo targets 50% of its sales fully electric cars, 50% hybrid by 2025.
Volvo launches C40 model, a fully electric SUV.

Published 02 Mar, 2021 07:40pm

Business & Finance

Geely Auto and Volvo Cars to launch powertrain venture after merger scrapped

Geely Automobiles and Volvo Cars that they would perserve with their existing separate corporate structures after "a detailed review of combination options".
The new entity, expected to become operational this year, will provide engines, transmissions systems and petrol-electric hybrid systems for use by both companies as well as other automakers.

Published 24 Feb, 2021 07:24pm

Business & Finance

Volvo Cars optimistic for 2021 after rebound in late 2020

Volvo said benefitted from the boom in online sales, boosted by the pandemic, which it also aims to develop.

Published 04 Feb, 2021 05:28pm

Business & Finance

Volvo Cars to invest 700 million SEK in e-motor production at Skovde plant

Volvo, owned by China's Geely Holding, targets having half its global sales consisting of fully electric cars by 2025, with the rest to be hybrids.

Published 09 Dec, 2020 06:16pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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