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AB Volvo postpones AGM due to uncertainty over coronavirus impact

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Truckmaker AB Volvo said on Wednesday it had decided to postpone its annual shareholders meeting due to the prevailing uncertainty around the effects from the global coronavirus outbreak.

FILE PHOTO: Visitors surround a Volvo FH16 truck at the booth of Swedish truck maker Volvo at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer

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STOCKHOLM: Truckmaker AB Volvo said on Wednesday it had decided to postpone its annual shareholders meeting due to the prevailing uncertainty around the effects from the global coronavirus outbreak.

"Recent developments have a direct effect on economies important for the Volvo Group and the assessment is that the prevailing situation will lead to weaker demand for the Group's products and services," the company said in a statement.

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