Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionThe 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 SuspensionSuspended 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.