Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. AB Volvo
  6. News
  7. Summary
    VOLV B   SE0000115446

AB VOLVO

(VOLV B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Geely's EV maker Polestar recalls all Polestar 2 sedans again

10/29/2020 | 10:47am EDT
FILE PHOTO: A man looks at a Polestar Precept car at the Beijing International Automotive Exhibition

STOCKHOLM (Reuters) - Electric vehicle maker Polestar, owned by Volvo Cars and its parent China's Geely, is recalling its new Polestar 2 cars for the second time in a month, it said on Thursday.

The company, which made its last recall on Oct. 2 after several cars had lost power and stopped running, is recalling close to 4,600 vehicles due to a faulty component.

"Polestar has initiated a voluntary safety recall and a service campaign that contains a number of updates for Polestar 2 vehicles," the firm said in statement.

"The recall involves the replacement of faulty inverters on most delivered customer vehicles," Polestar said, adding the hardware updates can be done in a single workshop visit.

The Sweden-based automaker started producing its Polestar 2 sedans this year in China and sells them in Europe and the United States as well as China.

(Reporting by Helena Soderpalm; editing by Niklas Pollard)


ę Reuters 2020
All news about AB VOLVO
06/17U.S. safety agency probes 10 Tesla crash deaths since 2016
RE
06/17The best and worst placed in the race towards electric vehicles
06/17DAIMLERá : speeds up shift to electric vehicles, Manager Magazin reports
RE
06/17STOXX EUROPE 600á : Volvo Cars To Halt Production At Belgian Plant Amid Chip Sho..
MT
06/17MARKET CHATTER : Geely-owned Polestar Says Open to IPO; Shares Up 3%
MT
06/17MARKET CHATTER : Geely-owned Polestar to Build Electric SUV at Volvo's US Plant ..
MT
06/16U.S. push for self-driving cars faces union, lawyers opposition
RE
06/16GEELY AUTOMOBILEá : Volvo-Backed Polestar Eyes IPO
MT
06/16Polestar to make electric SUV at U.S. Volvo plant, starting in 2022
RE
06/16VOLKSWAGENá : New Analysis Shows Battery Electric Vehicle Production To Grow 24%..
MT
More news
Financials
Sales 2021 372 B 43 184 M 43 184 M
Net income 2021 30 757 M 3 567 M 3 567 M
Net cash 2021 54 289 M 6 297 M 6 297 M
P/E ratio 2021 14,9x
Yield 2021 2,92%
Capitalization 457 B 52 901 M 52 984 M
EV / Sales 2021 1,08x
EV / Sales 2022 1,01x
Nbr of Employees 87 960
Free-Float 83,6%
Chart AB VOLVO
Duration : Period :
AB Volvo Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AB VOLVO
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 244,29 SEK
Last Close Price 223,15 SEK
Spread / Highest target 34,4%
Spread / Average Target 9,47%
Spread / Lowest Target -31,4%
EPS Revisions
Managers and Directors
NameTitle
Martin Lundstedt President, Chief Executive Officer & Director
Jan Olof Ytterberg Chief Financial Officer & EVP-Group Finance
Carl-Henric Svanberg Chairman
Lars Stenqvist CTO & Executive VP-Group Trucks Technology
Sofia Frńndberg Secretary, EVP-Group Legal & Compliance
Sector and Competitors
1st jan.Capitalization (M$)
AB VOLVO15.14%53 559
XCMG CONSTRUCTION MACHINERY CO., LTD.14.34%7 325
SINOTRUK (HONG KONG) LIMITED-19.39%5 732
JUNGHEINRICH AG17.27%5 216
SINOTRUK JINAN TRUCK CO., LTD.-13.32%3 423
CIMC VEHICLES (GROUP) CO., LTD.10.12%1 818