|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||17.84 - 17.98|
|52 Week Range||14.69 - 24.98|
|Beta (5Y Monthly)||1.18|
|PE Ratio (TTM)||11.51|
|Forward Dividend & Yield||1.36 (7.58%)|
|Ex-Dividend Date||Apr 07, 2022|
|1y Target Est||N/A|
(Bloomberg) -- Volvo AB is proving that Europe’s sleepy market for new corporate-bond issues is still open -- as long as the returns are high enough to lure investors in.Most Read from BloombergDozens in China Infected With New ‘Langya’ Virus Carried by ShrewsMedia Tallies Show Extremely Tight Presidency Race: Kenya UpdateMusk Sells Another $6.9 Billion of Tesla Ahead of Twitter TrialChina Has Painted Itself Into a Semiconductor CornerUS Inflation Runs Cooler Than Forecast, Easing Pressure on Fe
OSLO (Reuters) -Volvo Car Group's July sales were down 21.5% from a year earlier as supply chain problems continued to hamper production, but could rebound in the coming months, the Sweden-based automaker said on Wednesday. A shortage of semiconductors and other components has squeezed auto industry output and sales in recent quarters, but Volvo said last month it was seeing a "marked improvement" in the stabilisation of its supply chain. "Provided this normalisation continues, the company expects production to progressively increase in the coming months," Volvo Cars said in a statement on Wednesday.
Swedish truck maker Volvo Group plans to establish a large-scale production plant for battery cells, gradually building it up towards 2030 to meet a growing demand for zero-emission transportation, the company said on Wednesday. "There is a strong demand from our customers already today, and by 2030, it is our ambition that at least 35% of the products we sell are electric," CEO Martin Lundstedt said in a statement.