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Volvo Group: Building the Case for Electric Buses
VolvoClient case — Group: Building the case for electric buses About the Transforming to a low-carbon economy brings disruptive changes to Volvo Group many industry sectors. Industry leaders must not only deal with The Volvo Group disruption effectively, but also identify the upside of risks and act on is one of the those opportunities. world’s leading manufacturers In the transport sector, Volvo Group of Sweden, supported by of trucks buses, KPMG in Sweden, has carried out pioneering work on the case for construction low-carbon electric buses by building environmental and social impacts equipment into the total cost of ownership. We asked Niklas Gustafsson, Volvo and marine Group’s Chief Sustainability Officer, how this analysis has helped to and industrial reinforce Volvo Group’s position as a leader in sustainable engines. transport solutions. The Group also provides complete There is a shift to cleaner, quieter reach an estimated annual sales volume solutions for and more efficient cities approaching 35,000 units by 2020.1 Volvo Group is already embarking on a mission to financing and Momentum is building worldwide behind a address this demand. service. The technological shift towards low-carbon city transport including fully electric bus systems. group, with its True cost of ownership goes headquarters The C40 Cities Climate Leadership Group is committed to accelerate the implementation of beyond direct financial costs in Gothenburg, ultra-low emission bus technologies and 23 of Municipalities and transport authorities must Sweden, its members have signed the Clean Bus base their investment decisions on the best employs about Declaration calling on the finance and transport available data which traditionally focuses solely 100,000 people, sectors to support them through technology on direct financial costs. -
Driving Prosperity Driving Prosperity Through Transport Solutions
VOLVO GROUP ANNUAL AND SUSTAINABILITY REPORT 2018 Driving prosperity Driving prosperity through transport solutions The Volvo Group’s mission statement expresses a broad ambition – to drive prosperity. Our customers provide modern logistics as the base for our economic welfare. Transport supports growth, provides access for people and goods and helps combat poverty. Modern transport solutions facilitate the increasing urbanization in a more sustainableainable way. Transport is not an end in itself, but ratherher a means allowing people to access what theyhey need, economically and socially. A GLOBAL GROUP 2018 OVERVIEW Our customers make societies work The Volvo Group’s products and services contribute to much of what Volvo Group’s customers are companies within the transportation we all expect of a well-functioning society. Our trucks, buses, engines, or infrastructure industries. The reliability and productivity of the construction equipment and financial services are involved in many products are important and in many cases crucial to our customers’ of the functions that most of us rely on every day. The majority of the success and profitability. ON THE ROAD OFF ROAD IN THE CITY AT SEA Our products help ensure that Engines, machines and vehicles Our products are part of daily Our products and services people have food on the table, from the Volvo Group can be life. They take people to work, are there, regardless of whether can travel to their destination found at construction sites, in collect rubbish and keep lights someone is at work on a ship, and have roads to drive on. mines and in the middle of shining. -
Green Financing Framework
VOLVO CARS GREEN FINANCING FRAMEWORK SEPTEMBER 2020 1 INTRODUCTION Volvo Cars Volvo Car AB and its consolidated subsidiaries (“Volvo Cars”) is a truly global organisation with Scandinavian roots. Founded in 1927, it is today, one of the most well-known and respected premium car brands in the world with sales of over 700,000 cars in 2019 in about 100 countries. Volvo Cars has been under the direct ownership of Geely Sweden Holdings AB and ultimately by Zheijang Geely Holding Group Co ltd since 2010. In 2019, Volvo Cars employed on average approximately 41,500 full-time employees. Volvo Cars’ Head Office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden). Our group comprises of Volvo Cars including the car sub- scription and mobility businesses Care by Volvo and M. Our non-consolidated, independent joint venture companies Polestar and Lynk & Co are important strategic affiliates, ena- bling us to deliver on our strategy. Through collaboration between the different brands, greater competitiveness and/or synergies are created within the areas of electrification, mass market sales and ADAS/AD software technology. 2 SUSTAINABILITY Central to our business and key to our future success As a human-centric mobility provider company, we are a brand We commit to the highest standard of sustainability in mobil- for people who care about other people and the world in which ity. -
Engine Control Module (ECM), Diagnostic Trouble Code (DTC), Guide 2010 Emissions
Service Information Trucks Group 28 Release2 Engine Control Module (ECM), Diagnostic Trouble Code (DTC), Guide 2010 Emissions 89046912 Foreword The descriptions and service procedures contained in this manual are based on designs and technical studies carried out through January 2012. The products are under continuous development. Vehicles and components produced after the above date may therefore have different specifications and repair methods. When this is deemed to have a significant bearing on this manual, an updated version of this manual will be issued to cover the changes. The new edition of this manual will update the changes. In service procedures where the title incorporates an operation number, this is a reference to an V.S.T. (Volvo Standard Times). Service procedures which do not include an operation number in the title are for general information and no reference is made to an V.S.T. Each section of this manual contains specific safety information and warnings which must be reviewed before performing any procedure. If a printed copy of a procedure is made, be sure to also make a printed copy of the safety information and warnings that relate to that procedure. The following levels of observations, cautions and warnings are used in this Service Documentation: Note: Indicates a procedure, practice, or condition that must be followed in order to have the vehicle or component function in the manner intended. Caution: Indicates an unsafe practice where damage to the product could occur. Warning: Indicates an unsafe practice where personal injury or severe damage to the product could occur. Danger: Indicates an unsafe practice where serious personal injury or death could occur. -
Freedom to Move in a Personal, Sustainable and Safe Way
VOLVO CAR GROUP ANNUAL REPORT 2020 Freedom to move in a personal, sustainable and safe way TABLE OF CONTENTS OVERVIEW 4 2020 Highlights 6 CEO Comment 8 Our Strenghts 10 The Volvo Car Group 12 Our Strategic Affiliates THE WORLD AROUND US 16 Consumer Trends 18 Technology Shift OUR STRATEGIC FRAMEWORK 22 Our Purpose 24 Strategic Framework HOW WE CREATE VALUE 28 Our Stakeholders 30 Our People and Culture 32 Product Creation 38 Industrial Operations 42 Commercial Operations MANAGEMENT REPORT 47 Board of Directors Report 52 Enterprise Risk Management 55 Corporate Governance Report FINANCIAL STATEMENTS 60 Contents Financial Report 61 Consolidated Financial Statements 67 Notes to the Consolidated Financial Statements 110 Parent Company Financial Statements 112 Notes to the Parent Company Financial Statements 118 Auditor’s Report 120 Board of Directors 122 Executive Management Team Freedom to move SUSTAINABILITY INFORMATION 124 Sustainability Management and Governance 129 Performance 2020 PERSONAL SUSTAINABLE SAFE 139 Sustainability Scorecard 144 GRI Index Cars used to be the symbol for personal freedom. Owning a car meant that you had the We commit to developing We commit to the highest We commit to pioneering 146 TCFD Index means to be independently mobile – that you owned not just a vehicle, but choice as and building the most per- standard of sustainability the safest, most intelligent 147 Auditor's Limited Assurance Report on sonal solutions in mobility: in mobility to protect technology solutions in Sustainability well. Nothing of that has changed, but the world we live in has. The earth, our cities and to make life less compli- the world we share. -
Volvo Grp. N. Am., LLC V. Roberts Truck Ctr., Ltd., 2020 NCBC 28
Volvo Grp. N. Am., LLC v. Roberts Truck Ctr., Ltd., 2020 NCBC 28. STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION GUILFORD COUNTY 19 CVS 2981 VOLVO GROUP NORTH AMERICA, LLC d/b/a VOLVO TRUCKS NORTH AMERICA, a Delaware limited liability company; and MACK TRUCKS, INC., a Pennsylvania corporation, Plaintiffs, ORDER AND OPINION ON v. PLAINTIFFS’ MOTIONS FOR JUDGMENT ON THE PLEADINGS ROBERTS TRUCK CENTER, LTD., a AND TO DISMISS DEFENDANTS’ Texas limited partnership; ROBERTS COUNTERCLAIMS TRUCK CENTER OF KANSAS, LLC, a Kansas limited liability company; and ROBERTS TRUCK CENTER HOLDING COMPANY, LLC, a Texas limited liability company, Defendants. 1. THIS MATTER is before the Court on Plaintiffs Volvo Group North America, LLC d/b/a Volvo Trucks North America’s (“Volvo”) and Mack Trucks, Inc.’s (“Mack”) separate motions for judgment on the pleadings, and Plaintiffs’ joint Motion to Dismiss Defendants’ Counterclaims (collectively the “Motions”). After considering the Motions, the briefs in support of and in opposition to the Motions, and the arguments of counsel at a hearing held on September 5, 2019, for the reasons discussed below, the Court GRANTS Mack’s Motion for Judgment on the Pleadings and Motion to Dismiss Defendants’ Counterclaims, DENIES Volvo’s Motion for Judgment on the Pleadings, GRANTS in part and DENIES in part Volvo’s Motion to Dismiss Defendants’ Counterclaims, and severs for early determination the dispute regarding the applicable 2017 Volvo sales quota (the “Severed Issue”). The Court DEFERS further proceedings until the Severed Issue is determined. Kilpatrick Townsend & Stockton LLP, by Chad D. -
Technical, Organisational and Social Aspects of Language Integration for Complex Systems
Putting the Pieces Together { Technical, Organisational and Social Aspects of Language Integration for Complex Systems H˚akan Burden Computer Science and Engineering Chalmers University of Technology and University of Gothenburg Gothenburg, Sweden [email protected] Abstract. Dealing with heterogenuous systems is often described as a technical challenge in scientific publications. We analysed data from 25 interviews from a study of Model-Driven Engineering at three companies and found that while the technical aspects are important, they do not encompass the full challenge { organizational and social factors also play an important role in managing heterogenuous systems. This is true not only for the development phase but also for enabling early validation of interdependent systems, where processes and attitudes have an impact on the outcome of the integration. Keywords: Empirical and Exploratory Case Study, Model-Driven Engineering 1 Introduction Complex systems, consisting of numerous and interdependent subsystems [15], require a plethora of languages for efficient implementation [7]. From the as- pect of Model-Driven Engineering (MDE), the challenges are often described in technical terms [4] since heterogenuous languages imply different abstraction levels, representations and aspects of software [8], but also since the languages have their own domain-specific and platform-dependent constraints [11]. The one-sided focus on technical aspects is surprising since Kent already in 2002 pointed out that if MDE is to be successful it needs to encompass also the or- ganisational and social aspects of software engineering [10], a claim that has since been reiterated [1, 9]. To explore to what extent language integration for comlex systems is a chal- lenge in terms of technical, organisational and social aspects we analysed data collected at three different companies, looking for evidence regarding the mo- tivations and challenges of heterogenuous development of embedded systems. -
2019 Annual and Sustainability Report
2019 Annual and Sustainability Report Contents Swedbank in brief 2 Income, balance sheet and notes, Group The year in brief 4 Income statement 54 CEO statement 6 Statement of comprehensive income 55 Goals and results 8 Balance sheet 56 Value creation 10 Statement of changes in equity 57 Business model 12 Statement of cash flow 58 Sustainability 14 Notes 59 The share and owners 24 Income, balance sheet and notes, Parent company Board of Directors’ report Income statement 154 Financial analysis 26 Statement of comprehensive income 154 Swedish Banking 30 Balance sheet 155 Baltic Banking 31 Statement of changes in equity 156 Large Corporates & Institutions 32 Statement of cash flow 157 Group Functions & Other 33 Notes 158 Corporate governance report 34 Alternative performance measures 192 Board of Directors 46 Group Executive Committee 50 Sustainability Disposition of earnings 52 Sustainability report 194 Materiality analysis 195 Sustainability management 197 Notes 199 GRI Standards Index 212 Signatures of the Board of Directors and the CEO 217 Auditors’ report 218 Sustainability report – assurance report 222 Annual General Meeting 223 Market shares 224 Five-year summary – Group 225 Three-year summary – Business segments 228 Definitions 231 Contacts 233 Financial information 2020 Annual General Meeting 2020 Q1 Interim report 23 April The Annual General Meeting will be held on Thursday, 26 March at 11 am (CET) at Cirkus, Djurgårdsslätten Q2 Interim report 17 July 43–45, Stockholm, Sweden. The proposed record day for the dividend is 30 March 2020. The last day for Q3 Interim report 20 October trading in Swedbank’s shares including the right to the dividend is 26 March 2020. -
Financial Reporting and the Swedish Annual Accounts Act
Freedom to move in a personal, sustainable and safe way. VOLVO CAR GROUP INTERIM REPORT FIRST SIX MONTHS 2021 VOLVO CAR GROUP First Six Months 2021 • Retail sales increased 41.0% to 380,757 (269,962) • In May the Board announced its intention to evaluate units resulting in a total of 773,000 sold cars for the the possibility of an Initial Public Offering (IPO) later last 12 months. this year. A final decision to list will be subject to • Recharge line-up grew significantly and accounted for market conditions and there can be no certainty that 25% (14%) of total sales. a listing will proceed. • Revenue increased 26.3% to MSEK 141,131 (111,759) • Volvo Cars announced that it will become fully electric driven by strong demand and positive mix effects. by 2030. • Operating income increased to MSEK 13,238 (–989), • Volvo Cars initiated the process of carving out all com- corresponding to an EBIT margin of 9.4% (–0.9%). bustion engine operations. A major step was taken in June when Volvo Cars distributed its shares in Power- • Net income was MSEK 9,627 (–1,171). Basic earnings train Engineering Sweden AB and in Volvo Car Services per share was SEK 163.63 (–35.99). 5 AB, to the majority owner. • Cash flow from operating and investing activities was • Fully electric Volvo C40 was launched, to be offered MSEK –6,899 (–12,803). online only. • Volvo Cars’ investment in Polestar increased its value as • In June, Volvo Car Group and Northvolt announced the a private placement triggered a valuation effect of MSEK intention to join forces in battery development and 2,039 for Volvo Cars. -
Creating the Technology to Connect the World
Nokia Annual Report on Form 20-F 2019 on Form Nokia Annual Report Creating the technology to connect the world Nokia Annual Report on Form 20-F 2019 As filed with the Securities and Exchange Commission on March 5, 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 Commission file number 1-13202 Nokia Corporation (Exact name of Registrant as specified in its charter)) Republic of Finland (Jurisdiction of incorporation) Karaportti 3 FI-02610 Espoo, Finland (Address of principal executive offices) Esa Niinimäki, Deputy Chief Legal Officer, Corporate, Telephone: +358 (0) 10 44 88 000, Facsimile: +358 (0) 10 44 81 002, Karakaari 7, FI 02610 Espoo, Finland (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 (the “Exchange Act”): Title of each class Trading Symbol(s) Name of each exchange on which registered American Depositary Shares NOK New York Stock Exchange Shares New York Stock Exchange(1) (1) Not for trading, but only in connection with the registration of American Depositary Shares representing these shares, pursuant to the requirements of the Securities and Exchange Commission. Securities registered pursuant to Section 12(g) of the Exchange Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Exchange Act: None Indicate the number of outstanding shares of each of the registrant’s classes of capital or common stock as of the close of the period covered by the annual report. -
Annual and Sustainability Report 2017 Driving Performance
THE VOLVO GROUP Annual and Sustainability Report 2017 Driving Performance The Volvo Group 2017 The Volvo and Innovation WorldReginfo - 3016dca3-d4db-498b-9818-3a9e015e9095 CONTENT A GLOBAL GROUP STRONG BRANDS OVERVIEW This is the Volvo Group. 2 CEO comments. 4 he Volvo Group’s brand port- folio consists of Volvo, Volvo STRATEGY T Committed to staying ahead . 8 Penta, UD, Terex Trucks, Renault Mission. 10 Trucks, Prevost, Nova Bus and Vision. .10 Mack. We partner in alliances and Values . 10 joint ventures with the SDLG, Aspirations. .11 Code of Conduct . 11 Eicher and Dongfeng brands. By Driving innovation. 12 offering products and services Strategic priorities. 16 under different brands, the Group Financial targets. .21 addresses many different BUSINESS MODEL customer and market segments in VALUE CHAIN. 24 mature as well as growth markets. Customers . 28 Product development . 34 Purchasing. 46 Production & Logistics . 48 Retail & Service . 54 Reuse. 60 EMPLOYEES . 68 OUR ROLE IN SOCIETY. 74 GROUP PERFORMANCE BOARD OF DIRECTORS’ REPORT 2017 Sustainability Reporting Index . 82 Global strength in a changing world. 82 Significant events. 84 Financial performance . 86 Financial position . 89 Cash flow statement . 92 Trucks . 94 Construction Equipment . 98 Buses. 101 Volvo Penta . 103 Financial Services. 105 Financial management . 107 Changes in consolidated shareholders’ equity. 108 The share. 109 Risks and uncertainties. 112 NOTES Notes to the financial statements. 118 Parent Company AB Volvo . 178 CORPORATE GOVERNANCE Corporate Governance Report 2017 . 188 Board of Directors. 196 Group Executive Board. 202 OTHER INFORMATION Proposed remuneration policy. .206 Proposed disposition of unappropriated earnings . 207 Audit report for AB Volvo (publ) . -
Volvo Products for Transportation Management Wireless Roadside Inspection Concepts Pilot Project in the Port of Gothenburg
Jan Hellaker Vice President, Volvo Technology North America Volvo Technology A few samples of Volvo’s experience from applying ITS to goods transportation Volvo products for Transportation Management Wireless Roadside Inspection concepts Pilot project in the Port of Gothenburg Volvo Technology Business AreasAreas Volvo Trucks Renault Trucks Mack Trucks Nissan Diesel The world’s 2nd largest manufacturer of heavy trucks Construction Buses Equipment VolvoMack Trucks Penta Volvo Aero Financial Services Volvo Technology Sales and Employees Worldwide 2008 EUROPE Sales 52% NORTH AMERICA 61,130 60% Sales 16% 14,200 14% ASIA Sales 19% 19,090 19% SOUTH AMERICA Sales 7% 4,380 4% OTHER Sales 7% 2,580 3% Volvo Technology Corporate Values Volvo Technology Connected Truck Authorities Fleet operators Road charging, emission control, dangerous Improved transport efficiency and goods monitoring, e-call (e-safety), cost optimization, driver time anti-theft solutions etc. management, cargo management & security/safety Drivers & families Keeping touch with messaging Finance/insurance companies Focus on minimizing Cargo owner risk by monitoring & control – security Monitoring of location, & status etc. & usage 3rd party service & Truck manufacturers/dealer software companies In order to manage up-time, increase parts & service sales Integration of 3rd party solutions and improve customer relationship management Volvo Technology DYNAFLEET Volvo´s online transport information system Volvo Technology Product history ’09- VolvoLink ’08- VTNA ’06- Optifleet RT DF