Volvo Car Group has signed long-term agreements with leading battery makers CATL and LG Chem to ensure the multi-billion dollar supply of lithium ion batteries over the coming decade for next generation Volvo and Polestar models.
It’s a small step for Volvo Cars, but a big leap for parents across Europe and elsewhere: the Swedish car maker today launches a paid gender-neutral parental leave policy for all sales company employees in the EMEA region (Europe, Middle East and Africa), offering mothers and fathers a total of six months of leave with 80 per cent pay.
Volvo Cars’ sales momentum continued in the first three months of 2019, after the company reported a 9.4 per cent growth in global sales for the January-March quarter, compared with the same period last year.
Volvo Cars today announces it will replace its current paint shop at its Torslanda car manufacturing plant with a new one, which will result in an expected reduction of paint shop energy consumption and emissions by at least one third.
Volvo Cars has today successfully issued a EUR 600m bond under its Euro Medium Term Note programme. The bond matures in April 2024 and pays a fixed coupon of 2.125%. The issue price was 99.625, equivalent to a yield of 2.205% and a Euro mid-swap of +215 basis points. The settlement date is expected to be 2 April 2019 and the bonds will be listed on the Luxembourg Stock Exchange. The bookrunners fo...
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