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Volvo Buys 60% in Swiss Electromobility Engineer Designwerk Technologies


By Dominic Chopping
STOCKHOLM Volvo AB said Monday it has agreed to buy 60% of Swiss engineering company Designwerk Technologies AG to support its transition toward climate-neutral transport solutions.
Designwerk Technologies develops and sells electromobility products and engineering services within electromobility ecosystems. It offers customized electric trucks under the brand Futuricum, mobile rapid chargers and high voltage battery systems.
Designwerk Technologies have strong competencies within electromobility, focused on developing, prototyping and producing low volume niche products in the entire industrial electromobility spectrum, which makes it a great complement to the Volvo Group s capabilities, Lars Stenqvist, Volvo Group s chief technology officer, said.
Designwerk Technologies will continue to operate as a standalone company and the deal has no significant impact on Volvo s earnings or financial position, it said. ....

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AB Volvo : Truckmaker Volvo warns of disruption due to semi-conductor shortage


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STOCKHOLM (Reuters) - Swedish truckmaker Volvo expects a shortage of semi-conductors to further disrupt production after problems at its Belgian plant in February, Swedish news agency TT reported on Thursday.
We can see that there will be production disruptions, even for Volvo and we have said that will be during the first quarter at least, but it could go on longer than that, Volvo spokesman Claes Eliasson said.
However, production will not stop completely.
We have 18 big production facilities globally and we will make local, tactical decisions facility-by-facility depending on what the situation there looks like, he said. ....

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VOLVO B : Kepler Cheuvreux gives a Buy rating


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In his latest research note, analyst Mats Liss confirms his positive recommendation. The broker Kepler Cheuvreux is keeping its Buy rating. The target price is unchanged and still at SEK 250.
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