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Vinn Group AB is a joint venture company between Vinn Group and Volvo Technology Transfer AB (VTT), a wholly owned subsidiary of AB Volvo. Full Article at Business Standard
Reported net income of $997 million, or 29 cents per share, an improvement of $1.2 billion from the third quarter of 2008. Pre-tax operating profit totaled $1.1 billion, an improvement of $3.9 billion from a year ago. Full Article at AutoblogGreen
Volvo CEO Leif Johansson listens during a news conference October 23, 2009 in Stockholm. View Photo »
Financial Results Summary Third Quarter First Nine Months ------------- ----------------- 2009 O/(U) 2009 O/(U) 2008 2008 ---- ----- ---- ---- Wholesales (000)(+) 1,232 57 3,377 (891) Revenue (Bils.) (+) $30.9 $(0.8) $82.9 $(26.2) Operating... Full Article at The Car Connection
THIRD QUARTER HIGHLIGHTS -- Ford again increased year-over-year market share in North America, South America, and Europe and continued to achieve improvements in transaction prices and margins. Full Article at TheAutoChannel.com
Shares in Geely Automobile have risen some 40 percent in the past month partly on hopes the Chinese carmaker’s parent company will buy Volvo. Ford has named Geely as preferred bidder for the Swedish marque. Full Article at Reuters
Volvo CEO Leif Johansson gestures during a news conference October 23, 2009 in Stockholm. View Photo »
Big: Ford (F) has just announced a surprise quarterly profit, and it says it will be solidly profitable in 2011. Shares are up 5%. Full Article at The Business Insider
Asian vehicles continue to lead in car reliability, but a number of domestic and European automakers are showing improvements. Full Article at Consumer Reports
The Volvo Group is a Swedish supplier of commercial vehicles such as trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and financial services. The auto manufacturer was founded on 14 April 1927 in the city of Gothenburg, as a spin-off from the roller ball bearing maker SKF. Full Article
Volvo CEO Leif Johansson listens during a news conference October 23, 2009 in Stockholm. World number two truckmaker Volvo made a smaller third-quarter loss than expected, easing fears it would need more cash from investors, but it still expects sharp declines in its main markets.
View Photo »Volvo CEO Leif Johansson gestures during a news conference October 23, 2009 in Stockholm. World number two truckmaker Volvo made a smaller third-quarter loss than expected, easing fears it would need more cash from investors, but it still expects sharp declines in its main markets.
View Photo »Volvo Chief Executive Leif Johansson gestures during a news conference in Stockholm October 23, 2009.
View Photo »Volvo Chief Executive Leif Johansson gestures during a news conference in Stockholm October 23, 2009.
View Photo »Volvo CEO Leif Johansson gestures during a news conference Friday Oct. 23, 2009 in Stockholm.
View Photo »Volvo CEO Leif Johansson gestures during a news conference Friday Oct. 23, 2009 in Stockholm.
View Photo »Volvo Chief Executive Leif Johansson presents second-quarter results at a news conference in Gothenburg, July 21, 2009.
View Photo »Volvo Chief Executive Leif Johansson presents second-quarter results at a news conference in Gothenburg, July 21, 2009.
View Photo »The Volvo logo on the front grille is shown in Miami, Tuesday, July 21, 2009. Swedish truck maker AB Volvo on Tuesday, reported its third consecutive quarterly loss as sales plunged by one-third amid weak demand in the April-June period.
View Photo »The crews, winners of the Volvo Ocean Race, 2008-2009, from left: Puma, wearing red, who finished in second place, Ericsson 4, wearing blue who finished in first place, centre , and Telefonica Blue, wearing white, who finished in third place, right, celebrate after finishing the final...
View Photo »The Ericsson 4 boat is seen after winning the Volvo Ocean Race in the Neva River in St. Petersburg, June 27, 2009.
View Photo »Ericsson 4, the winner of the Volvo Ocean Race, 2008-2009 enters to St Petersburg city on the Neva river after finishing the final leg of competition in St Petersburg, Russia, Saturday, June 27, 2009, St. Isaac's Cathedral and Admiralty building in the background.
View Photo »The Puma (L) and Telefonica boats compete in the Volvo Ocean Race in the Finland Gulf near St.Petersburg, June 27, 2009.
View Photo »The Ericsson 4 boat competes in the Volvo Ocean Race in the Finland Gulf near St.Petersburg, June 27, 2009.
View Photo »The Ericsson 4 boat competes in the Volvo Ocean Race in the Finland Gulf near St.Petersburg, June 27, 2009.
View Photo »The Puma (L) and Telefonica boats compete in the Volvo Ocean Race in the Finland Gulf near St.Petersburg, June 27, 2009.
View Photo »The Ericsson 4 boat competes in the Volvo Ocean Race in the Finland Gulf near St.Petersburg, June 27, 2009.
View Photo »The Ericsson 4 boat competes in the Volvo Ocean Race in the Finland Gulf near St.Petersburg, June 27, 2009.
View Photo »The Ericsson 4 boat competes in the Volvo Ocean Race in the Finland Gulf near St.Petersburg, June 27, 2009.
View Photo »The Bow of Volvo Ocean Race boat 'Green Dragon' plows the sea at the start of the 10th and final leg of the nine-month round-the-world yaching event, on June 25, 2009, between Stockholm and St-Petersburg.
View Photo »The Volvo Ocean Race fleet takes the start on the 10th and final leg of the nine-month round-the-world yaching event, on June 25, 2009, between Stockholm and St-Petersburg.
View Photo »The Volvo Ocean Race fleet takes the start on the 10th and final leg of the nine-month round-the-world yaching event, on June 25, 2009, between Stockholm and St-Petersburg.
View Photo »The Volvo Ocean Race boat 'Puma' leads the fleet after the start of the 10th and final leg of the nine-month round-the-world yaching event, on June 25, 2009, between Stockholm and St-Petersburg.
View Photo »The Volvo Ocean Race boat 'Puma' (R) leads the fleet ahead of 'Telefonica Blue' after the start on the 10th and final leg of the nine-month round-the-world yaching event, on June 25, 2009, between Stockholm and St-Petersburg.
View Photo »Nederland's skipper of Volvo ocean race boat Telefonica Blue, Bouwe Bekking, checks on his opponents on June 22, 2009 in Stockholm, during a ProAm race inside Stockholm archipelago.
View Photo »Volvo CEO Leif Johansson gestures during a news conference October 23, 2009 in Stockholm. World number two truckmaker Volvo made a smaller third-quarter loss than expected, easing fears it would need more cash from investors, but it still expects sharp declines in its main markets.
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