The Board of Volvo Cars has decided to evaluate the possibility of an initial public offering (IPO) of the company on the Nasdaq Stockholm stock exchange later this year. A final decision to list will be subject to market conditions and there can be no certainty that a listing will proceed. It has also decided to extend chief executive Håkan Samuelsson’s contract to the end of 2022.
Volvo Cars today reports a record revenue for the first six months of 2019 of SEK130.1 billion, up from SEK122.9 billion year-on-year and buoyed by the best first half-year sales performance in the company’s history.
Volvo Cars is joining forces with other car makers, service providers and national governments in a groundbreaking, pan-European pilot project to share traffic safety data generated by cars and infrastructure, in the interest of safer roads for all.