{"url":"https://newsforagent.com/news/2026-10-30/volvo-group-series-a-share-conversion","markdown_url":"https://newsforagent.com/news/2026-10-30/volvo-group-series-a-share-conversion.md","title":"Volvo Group Converts 600,007 A Shares to B Shares","headline":"Volvo Group Converts 600,007 Series A Shares, Leaving 599,474,006.50 Votes","description":"Volvo Group converted 600,007 Series A shares to Series B, leaving 2,033,452,084 registered shares and 599,474,006.50 votes as of October 30, 2026.","section":"Business","published_at":"2026-10-30T09:08:39+00:00","modified_at":"2026-10-30T09:08:39+00:00","author":"News Desk","key_takeaways":["Volvo Group converted 600,007 Series A shares into 600,007 Series B shares on October 30, 2026.","AB Volvo has 2,033,452,084 registered shares: 440,143,109 Series A and 1,593,308,975 Series B.","Total votes in AB Volvo amount to 599,474,006.50 based on registered shares."],"companies":[{"name":"Volvo Group","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000j43/volvo-group","website":"http://www.volvogroup.com"}],"source":{"publisher":"news.cision.com","title":"New number of votes in AB Volvo","url":"https://news.cision.com/ab-volvo/r/new-number-of-votes-in-ab-volvo,c4417432"},"other_sources":[],"tags":["Business","Volvo Group"],"body_markdown":"[Volvo Group](https://akta.pro/company-profiles/0000j43/volvo-group) converted 600,007 Series A shares into 600,007 Series B shares, leaving 2,033,452,084 registered shares and 599,474,006.50 votes on October 30, 2026. The Swedish truck and equipment maker disclosed the new share and vote counts in a [regulatory announcement](https://news.cision.com/ab-volvo/r/new-number-of-votes-in-ab-volvo,c4417432).\n\n## How the Volvo Share Conversion Worked\n\nThe conversions were carried out under a provision in the Articles of Association adopted at the 2011 Annual General Meeting, which lets Series A shareholders ask for their shares to be converted to Series B. Of the registered shares on October 30, 2026, 440,143,109 are Series A and 1,593,308,975 are Series B. The vote total of 599,474,006.50 is based on the number of registered shares. Claes Eliasson, Head of Media Relations, is listed as the contact for journalists seeking further information. Volvo Group is a Swedish manufacturer of heavy-duty trucks, buses, construction equipment and marine and industrial engines, operating through 14 brands across nearly 180 markets, according to [company records](https://akta.pro/company-data).\n\n## Volvo Group's Scale at the Time of Conversion\n\nAccording to akta.pro company records, Volvo Group reported net sales of SEK 479 billion (EUR 43 billion) in 2025 and employed 99,000 people at the end of 2025. The group operates 14 brands, among them Volvo, Mack, Renault Trucks, Prevost, Nova Bus, Rokbak, Volvo CE, Volvo Penta, Volvo Energy, Volvo Autonomous Solutions and Volvo Financial Services. Its funding records list two rounds: a $51.1 million post-IPO equity round in October 2025 led by Industrivaerden and a $10 million grant in November 2022 led by NYSERDA.\n\n## Volvo's Recent Orders and Restructuring\n\nOn October 28, 2026, Volvo Buses India secured two orders totaling 350 Volvo 9600 coaches from MSRTC and Vijayanand Travels, news.cision.com reported. MSRTC ordered 200 coaches, 170 seater and 30 sleeper, and Vijayanand Travels ordered 150 sleeper coaches. On October 27, 2026, Machine Maker reported that Volvo Group will establish Volvo Mining, a dedicated business entity within Volvo Construction Equipment, on January 1, 2027, offering trucks, construction equipment and autonomous solutions to mining companies, starting in Sweden, Norway and Finland.\n\n## What Comes Next for Volvo Mining\n\nVolvo Mining is scheduled to be established on January 1, 2027, within Volvo Construction Equipment, with an initial focus on Sweden, Norway and Finland. The company's own [announcements](http://www.volvogroup.com) carry further details on its operations.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}