Volvo Group’s Post

Ultimately, the pinnacle we continuously strive towards is Customer Success, Customer Loyalty & Advocacy.

Thanks to the efforts of all colleagues and business partners, Q1 2024 was another strong quarter for the Volvo Group with many impressive outcomes along both the transformation and performance dimensions. For example, a new all-time-high with SEK 6.92 in EPS (earnings per share) for an isolated quarter was reached. With regards to electric vehicles, the underlying demand is at present somewhat slowing down, primarily related to customer uncertainties with regards to e.g., interest rates, incentives, electricity prices, infrastructure etc. Nonetheless, the Volvo Group reached an impressive 74% market share in Europe for electric HD trucks when combining Volvo Trucks and Renault Trucks. As can be seen in the below, the customer's peace of mind is relying on several parameters well-beyond the core product/service offering. Hence, now that the vehicles exist (and will continue to improve going forward of course), it is important that all actors across the wider ecosystem accelerate efforts to secure the transition to fossil-free. Then, and only then, will we be able to jointly move from individual success to collective significance for society at large. #fossilfree #electricvehicles #sustainability

Volvo Group annual report

Ever wonder how we keep everything running so smoothly on-site? It's all thanks to Volvo CE's Connected Map and its Performance Indicator. Gives us a clear view of our machines and site at a glance. 👀Check out this video to see how it works #VolvoCE #Services #Solutions #Innovation #Teamwork

Ever wonder how we keep everything running so smoothly on-site? It's all thanks to Volvo CE's Connected Map and its Performance Indicator. Gives us a clear view of our machines and site at a glance. 👀Check out this video to see how it works #VolvoCE #Services #Solutions #Innovation #Teamwork

#BeachAutomotiveBlog Perhaps, in the future, my daily commutes will be infused with the opulence and innovation that Volvo effortlessly delivers. Learn more: https://ow.ly/1N1F50T9Pqq

🚨 Breaking News: Volvo EX30 Orders Paused! 🚨 Volvo has temporarily halted online orders for the EX30 in the US amid recent delays. The reservation option has been swapped for a "keep me updated" feature on their website. This move reflects Volvo's response to streamline operations and manage customer expectations effectively. 🔍 For businesses, this highlights the importance of flexibility and transparent communication in operations management. Companies must adapt quickly to supply chain disruptions while keeping customers informed. 🤔 Has your business faced similar challenges? How do you manage delays and maintain customer trust? #VolvoEX30 #BusinessOperations #CustomerExperience #SupplyChainManagement #AutomotiveIndustry 👍 or 👎? Share your thoughts below!

It's the cents per mile that decide which vehicle our customers choose to make business with. It is our goal to create value for them and improve their business with our products while managing a technological transformation that makes transportation more sustainable.   For this reason, we focus on:   ➡ Decarbonizing our portfolio with battery-electric and hydrogen-powered drives while keeping the diesel competitive and clean until fade-out ➡ Developing purpose-driven technology not only for the drivetrain but also by connecting and digitizing our products  ➡ Creating scale for new technologies through global commonality and strong partnerships To sum it up: It's the "Power to Drive" as well as the "Intelligence to Drive" that lift transportation to the next level. How we progress on that and where our global supplier network comes into play, is something that we are going to talk about at our Daimler Truck Supplier Summit on July 17th in Wörth, Germany. I'm happy to welcome our Head of Truck Technology Dr. Andreas Gorbach for the discussion. #suppliersummit2024 #Daimlertruck #ForAllWhoKeepTheWorldMoving

At the Volvo Group, Q1 brought good profitability and achievements. Demand has normalized across our markets, setting the stage for future growth. Our net sales remain strong at SEK 131.2 billion, showcasing our resilience amidst market fluctuations. The 6% growth in the service business highlights our commitment to enhancing customer productivity and forging lasting relationships. Meanwhile, our focus on quality remains unwavering, ensuring excellence in every aspect of our operations.   But that's not all - behind these numbers lies a deeper commitment to sustainable solutions and industry transformation. We're not just about business; we're driving innovation that shapes the future. With priorities including robust service offerings, flexible industrial systems, and relentless R&D investments, we're poised to lead the charge towards a more sustainable and innovative future.   #WeAreVolvoGroup #2024Q1

Our newest issue of #WeDrive, Kearney #automotive and #mobility Magazine is out, and there is a lot to read! One of the most interesting articles in this issue is Electrifying treasures, detailing the automotive industry's reliance on rare minerals (not actually all that rare..). European, and for that matter global, car manufacturers are hooked on raw materials that are mined thousands of kilometers away, with serious risks concerning social and environmental footprint, as well as supply bottlenecks. We see many examples for how companies are addressing this problem, from Tesla to General Motors to Toyota Motor Corporation. It's clear OEMs have to take matters into their own hands. They must examine each raw material in terms of their own interests and define a strategy that will minimize procurement, price and image risks. The obvious solution is to amass their own stocks of raw or processed materials. Long-term agreements with suppliers that stipulate exactly when and how much of the ordered material must be available also provide security. They could also invest in mining of their own. And of course - go #circular and expand recycling.  The technical solution of recovering raw materials from batteries is already sitting on the shelf. China, for one, is moving full speed ahead with raw material recycling. Highly suggest reading the article, best read of the day! And if you'd like a copy of the magazine, just reach out and we'll get you sorted! Dominik Leisinger Marcus M. Weber Andreas Mayer https://lnkd.in/ec6je2x6