volvo ab - VLVLY

Volvo announced that it is moving away from its goal of making only electric vehicles by 2030 and is now aiming for 90% to 100% of its vehicles to be fully electric EVs plus hybrids.

The Biden administration announced $1.7 billion in grants for EV projects and retooling auto manufacturing facilities in eight states, including several critical swing states.

About 4,000 workers represented by the United Auto Workers have reached a temporary deal with Volvo Group-owned Mack Trucks, ahead of a potential strike.

Volvo-owned Polestar has begun delivering electric vehicles to Hertz, where they will be available to rent alongside the Tesla Model 3 and Model Y.

German carmaker BMW joins other corporations in getting tough against Russia.

Several global shipping giants have suspended bookings to and from Russia amid the country's invasion of Ukraine.

Volvo and Daimler Truck have suspended some operations in Russia in the wake of the invasion of Ukraine. Volvo is no longer shipping cars to Russia and Daimler Truck parent Mercedes-Benz is looking for ways to divest from investments in the country.

Volvo has unveiled its first 'fossil-free' vehicle, which uses steel manufactured without coal. The mining truck is expected to go into production next year.

President Biden will sign an executive order on Thursday directing half of all U.S. car sales to be "zero emission vehicles" by 2030.