The number of votes in AB Volvo has changed due to the conversion of a total of 2.776.262 Series A shares to a total of 2.776.262 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at the 2011 Annual General Meeting.
The second quarter followed the trend from the fourth quarter of 2014 and the beginning of the year. The Group’s products are well received by the market, and the activities in the efficiency programs are progressing according to plan and contribute to yet another quarter of earnings improvements.
The first intake of students is now set to graduate from the vocational training program for technicians arranged by Volvo in collaboration with the Swedish International Development Cooperation (Sida) and the United Nations Industrial Development Organization (UNIDO) in Ethiopia. When the students receive their diplomas following three years of study, they will represent highly sought-after skilled labor in a country with a shortage of vehicle technicians.