Top Machinery Stocks To Own For 2016: Volvo AB (VOLVY)
AB Volvo is a supplier of commercial transport solutions providing products, such as trucks, buses, construction equipment, engines and drive systems for boats and industrial applications, as well as aircraft engine components. The Company also offers its customers financial solutions. The Company operates in six segments: Trucks, Buses, Construction Equipment, Volvo Penta, Volvo Aero and Financial Services. The business units include Volvo 3P, Volvo Powertrain, Volvo Parts, Volvo Logistics, Volvo Business Services, Volvo Information Technology (IT), Volvo Real Estate and Volvo Technology. During the year ended December 31, 2009, AB Volvo acquired all shares in Volvo Logistics AB from Fortos Ventures AB. In April 2014, the Company announced that it has completed the sale of commercial real estate. In June 2014, the Company acquired Terex's hauler business.
The Companys truck operations consist of Volvo Trucks, Renault Trucks, UD Trucks, Mack Trucks and VE Commercial Vehicles (50%) in India. The product offer stretches from heavy-duty trucks for long-haulage and construction work to light-duty trucks for distribution. Volvo Trucks, Renault Trucks, UD Trucks, Mack Trucks and Eicher offer customers a range of products and services for transports.
The Buses has a product range consisting of city and intercity buses, coaches and chassis. Volvo Buses product line includes complete buses and bus chassis for city, intercity and coach traffic. The Company has a total offering that, in addition to buses, includes a service network, spare parts handling, service and repair contracts, financial services and traffic information systems.
The Companys construction equipment manufactures equipment for construction applications and related industries. Volvo Construction Equipment develops, manufactures and markets equipment for construction and related industries. Its products include a range of wheel loaders, ! hydraulic wheeled and crawler excavators, articulated haule! rs, road machinery and a range of compact equipment.
The Companys Volvo Penta offers engines and drives systems for leisure and commercial boats and for industrial applications, such as gensets and materials handling. Volvo Penta manufactures engines and drive systems for marine applications, for both leisure and commercial craft, with an engine range of 10 to 1,200 horse power and has a global service network with approximately 5,000 dealers. Volvo Penta also supplies industrial engines ranging from 75 kilowatts to 600 kilowatts for irrigation pumps, generator units and other application areas.
The Companys Volvo aero offers advanced components for aircraft engines and space applications with a focus on lightweight technology for reduced fuel consumption. Volvo Aero specializes in a number of highly advanced components for aircraft engines and space rockets.
The Companys financial services segment conducts operations in custom er and dealer financing. It offers financial services, such as customer and dealer financing and other Services, such as insurance contribute to create customer value. It provides financing solutions and other services in retaining customers and attracting new ones to the Company.
The Company competes with Daimler, Paccar, Navistar, MAN, Scania, Caterpillar, Komatsu, Cummins and Brunswick.Advisors' Opinion:
- [By Jason Hall]
However, there are a couple of bright spots out there. First, sales of Westport's 12 liter ISX12 G, being co-built withCummins (NYSE: CMI ) , are on track to meet targets for 2014 according to a number of industry experts. Sales of natural gas trucks in 2014 are expected to have grown 27% this year versus 2013. Also, part of the delay in bringing HPDI to market is Westport's shift to HPDI 2.0, and the adoption of HPDI 2.0 by development partners likeAB Volvo (NASDAQOTH: VOLVY ) . The injector c! omponents! are expected to be manufactured in Westport's venture withDelphi Automotive (NYSE: DLPH ) , and the costs will be less than earlier versions, helping natural gas engines be more cost-competitive with diesel.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-machinery-stocks-to-own-for-2016.html