Global 500
VolvoRANK327
The world’s second-largest truckmaker (behind Daimler) saw revenue drop by a fifth last year. Yet thanks to strict cost discipline, it managed an impressive 8.4% adjusted operating margin. And with global transport and construction rebounding, Volvo registered a historically high operating margin of 12.6% in the first quarter of 2021. To address climate issues, the group announced in November a complete range of electric trucks and inked a deal in April to build fuel cell trucks jointly with Daimler by as early as 2025.
Lists ranking Volvo
World’s Most Admired Companies - 2021After a year in which humanity leaned more heavily...view in list
Latest news for Volvo
- FinanceVolvo announces $2.9 billion IPO as it looks to fund shift to electric cars and catch up with TeslaOctober 4, 2021 12:59 PM UTC
- AutoGerman elections could put a speed limit on the sacred Autobahn for the first timeSeptember 18, 2021 10:00 AM UTC
- ConferencesAs Trade Wars Hit Exports, Europe Turns Its Focus to Internal GrowthNovember 19, 2019 10:00 AM UTC