Pause operations: company temporarily curtailing operations while keeping return options open

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The Volvo Group is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial drive systems and financial services.

 
 
 
 
 

Pause operations: company temporarily curtailing operations while keeping return options open

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The Company Statement
October 19, 2022

Suspended production and sales in Russia. One factory and about 3% of its sales in Russia, Ferronordic and Volvo CE have agreed to terminate the dealer agreement for Russia.

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Statements Archive
August 29, 2022Ferronordic and Volvo CE agree to terminate dealer agreement for Russia
April 08, 2022Financial impact on Volvo Group due to the war in Ukraine
April 08, 2022AB Volvo sets aside $423 million in provisions due to Russia-Ukraine war
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