Volvo Car AB develops, manufactures, markets, and sells cars. The company is headquartered in Goeteborg, Vastra Gotalands and currently employs 43,600 full-time employees. The company went IPO on 2021-10-28. Volvo Car Group is focused on the design, engineering, manufacturing, distribution and sale of passenger cars, with particular focus on sustainability, fully electric cars and direct consumer relations, including subscription and other new mobility services. Volvo Car Group’s addressable market is the global premium passenger car market. Moreover, the Company’s intention is to be a pure electric car company and as a result it is undergoing a shift in its business model to a direct sales model in most of its markets. Volvo Cars’ commitment to electrification also results in the launch of Polestar, a progressive stand-alone electric performance car brand, in which Volvo Cars owns shares. Volvo Cars also holds shares in the automotive brand LYNK&CO, which focuses on young open-minded urban people through a flexible customer offering.
Follow-Up Questions
Who is the CEO of Volvo Car AB?
Mr. Jim Rowan is the President of Volvo Car AB, joining the firm since 2022.
What is the price performance of VLVOF stock?
The current price of VLVOF is $0, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Volvo Car AB?
Volvo Car AB belongs to Automobiles industry and the sector is Consumer Discretionary
What is Volvo Car AB market cap?
Volvo Car AB's current market cap is $0
Is Volvo Car AB a buy, sell, or hold?
According to wall street analysts, 16 analysts have made analyst ratings for Volvo Car AB, including 0 strong buy, 0 buy, 12 hold, 6 sell, and 0 strong sell
