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. Parent organizations: Geely, Volvo Personvagnar Holding AB, Volvo Car. In February 2020, Volvo and Geely announced that they had started formal discussions about a merger of business. Geely had owned 100% of Volvo, but Volvo Cars had largely been allowed autonomy with its resources. These merger talks were later halted, and 18% of Volvo Cars shares were listed on the Nasdaq Stockholm stock exchange in October 2021.

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

Leave Suspension
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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.

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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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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