Volvo B

Volvo recorded an 8% rise in revenue in the third quarter to SEK 119.5 billion (€10.7 billion) and an increase in adjusted operating margin to 12.3% (previous year 10.6%). Net profit rose 42% to SEK 10.8 billion. Orders received increased by just over a quarter to 46,918 trucks, and deliveries rose 11% to 49,611 vehicles. Volvo expects further market growth for heavy trucks in North America in 2027 (around 300,000 vehicles) and a slight increase in Europe (320,000 vehicles). » More on finanzen.net

Volvo has announced a new cost-saving program and plans to cut around 2,500 jobs worldwide to reduce annual expenses by about 5 billion SEK (450 million euros). The third quarter of 2026 produced a deep red result: deliveries fell by 11%, revenue dropped by almost a quarter to 66.9 billion SEK, and there was an operating loss of 5.6 billion SEK. China in particular saw revenues nearly halve, and the US also performed weakly; around 2,000 jobs are to be cut in Sweden alone. In April 2025, 3,000 job cuts had already been announced, the share price has fallen sharply this year, and the company remains under pressure. » More on n-tv.de

Volvo will deploy Nvidia’s Hyperion platform and Alpamayo software to power a Level 2++ hands-free, point-to-point driving system capable of handling urban scenarios such as traffic lights, stop signs and unprotected left turns. The system, which initially won’t include lidar, will use additional sensors, Volvo’s advanced driver-understanding and connected safety data, and is planned to roll out across the model range before the end of the decade. The move expands Volvo’s partnership with Nvidia as the automaker seeks to replace earlier stalled autonomous efforts and develop ongoing software-based services. » More on theverge.com