Volvo Ab ADR (VLVLY)

$VLVLY $DTRUY Volvo, Daimler Truck launch Coretura joint venture Volvo (VLVLY) and Daimler Truck (DTRUY) announced the launch of Coretura, their joint venture aimed at transforming the commercial vehicle industry through a new software-defined vehicle platform. Coretura will enable Volvo Group and Daimler Truck and other future customers to provide differentiating stand-alone digital vehicle applications for their products. Following the binding joint venture agreements signed on October 28, 2024, Volvo Group and Daimler Truck have obtained all required regulatory approvals and have now launched the new company Coretura. Following the joint venture transaction, Coretura, based in Gothenburg, Sweden, began operations in the beginning of June. Coretura will be led by a four-member executive management team consisting of two members from each of the shareholders. Johan Lunden has been appointed as CEO coming from Volvo Group. Starting with around 50 employees, Coretura is set to grow stepwise. This allows the shareholders to pool resources and invest in accordance with technical progress and achievement of milestones. Coretura thereby follows a collaborative co-development approach with its customers, aiming to launch its first products in vehicles by the end of the decade. Volvo Group and Daimler Truck will remain competitors and continue to differentiate their range of product and services offerings, including their respective digital solutions.

$CAT vs. $VLVLY: Which is the better pick? 🚜 Caterpillar's return on equity crushes Volvo's — 53.77% vs. 24.36% — and it boasts a Zacks Rank #3 (Hold) while Volvo lags with a Rank #4 (Sell). Despite near-term challenges, CAT's efficient use of shareholder funds suggests it's the smarter choice for exposure to construction equipment. See the full comparison here 👉 https://www.zacks.com/commentary/2498625/caterpillar-vs-volvo-which-heavy-equipment-stock-is-the-better-buy-now?cid=sm-stocktwits-2-2498625-body&ADID=SYND_STOCKTWITS_TWEET_2_2498625_BODY

$CAT vs. $VLVLY — which heavy hitter wins now? 🚜📊 Both face near-term pressure, but Caterpillar’s stronger ROE and U.S. market tailwinds could tilt the scales. Find out what makes the investment case strong for CAT 👉 https://www.zacks.com/stock/news/2498625/caterpillar-vs-volvo-which-heavy-equipment-stock-is-the-better-buy-now?cid=sm-stocktwits-2-2498625-teaser&ADID=SYND_STOCKTWITS_TWEET_2_2498625_TEASER

Volvo Global EV Sales Plunge 27% to 12,391 Units in May $VLVLY https://eletric-vehicles.com/geely/volvo/volvo-global-ev-sales-plunge-27-to-12391-units-in-may/

Volvo Cars plans to cut 3,000 jobs, primarily targeting white-collar positions, as part of a major restructuring effort. The decision comes in response to high costs, a slowdown in demand for electric vehicles, and broader trade uncertainties. The layoffs are part of a larger cost-cutting program announced by CEO Hakan Samuelsson, who stepped back into the role after a decade, aiming to save 18 billion Swedish crowns (approximately $1.9 billion). $VLVLY

$VLVLY $DJT Volvo Cars plans to cut 3,000 jobs as the global automobile market faces new pressures in the age of President Trump’s tariffs. https://www.earlybird.email/p/volvo-cars-slashes-3-000-jobs

🛍️ Consumer & Autos: 🔹🌏 $BABA: Focus on Asia-Europe amid US-China tension 🔹🚘 $BYDDY: Price cuts spark China EV price war fears 🔹🚗 $TSLA: EU sales collapse 49% in April despite EV boom 🔹🪫 Model Y facelift flopped; low-cost Tesla raising battery supplier worries 🔹📉 European car sales: -0.3% YoY (Germany, France, UK down) 🔹🏭 $VLVLY: Cutting 3,000 Swedish jobs to save SEK 18B

$SPY $VLVLY $ETWO $FCPT $BSGM TOP 5 WEEKEND STORIES: 1) President Donald Trump stated in a post to Truth Social: "I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% Tariff with respect to Trade and the European Union. I agreed to the extension - July 9, 2025 - It was my privilege to do so. The Commission President said that talks will begin rapidly. Thank you for your attention to this matter!" 2) E2open (ETWO) announced that it has entered into a definitive agreement to be acquired by WiseTech Global Limited (WTCHF), which marks the conclusion of e2open's previously announced strategic review process. Under the terms of the transaction, e2open stockholders will receive $3.30 per share in cash equating to an enterprise value of $2.1B. The per-share purchase price represents a premium of approximately 28% over the company's closing stock price on May 23, the last trading day prior to today's announcement, and a premium of approximately 68% over the company's closing stock price on April 30, the day prior to media reports regarding WiseTech's evaluation of a potential acquisition of e2open reported on May 1. 3) Volvo Car (VLVLY) plans to cut around 3,000 jobs as part of its plan to reduce costs and become more efficient, Dominic Chopping of The Wall Street Journal reports. CEO Hakan Samuelsson said the plan was important as the company builds a stronger and more resilient business. 4) Four Corners Property Trust (FCPT) announced the acquisition of a Caliber Collision property for $4.2M. "The property is located in a strong retail corridor in Wisconsin and is corporate-operated under a long term, triple net lease with approximately 14 years of term remaining. The transaction was priced at a 6.9% cap rate on rent as of the closing date and exclusive of transaction costs," the company stated. 5) BioSig Technologies (BSGM) announced it has signed a definitive share exchange agreement with Streamex Exchange, a privately held company specializing in the tokenization of real-world assets, with a focus on bringing commodities on-chain. "The signing of the definitive agreement represents a major milestone for both Streamex and BioSig, propelling the business combination forward, and fast-tracking the growth of Streamex's tokenization business.

$VLVLY Volvo Car plans to cut around 3,000 jobs, WSJ reports Volvo Car plans to cut around 3,000 jobs as part of its plan to reduce costs and become more efficient, Dominic Chopping of The Wall Street Journal reports. CEO Hakan Samuelsson said the plan was important as the company builds a stronger and more resilient business.

Volvo Cuts 15% of Global Workforce Citing Considerable External Challenges — EV $VLVLY https://eletric-vehicles.com/geely/volvo/volvo-cuts-15-of-global-workforce-citing-considerable-external-challenges/