Volvo Cars, Polestar, Scania and the electric shift: the Swedish car and vehicle industry, and driving in Sweden.
The US stock market defied worries and rose broadly again. Electric car manufacturer Polestar went against the tide - plunging after the nightmare figures in the company's newly released quarterly report.
CarsElectric car maker Polestar is bleeding financially. The company's loss in the second quarter is estimated at the equivalent of 4.4 billion kronor. Halted sales in the US are one of the factors behind the disastrous results.
CarsThe number of new passenger car registrations rose to 22,584 in August, according to the industry organization Mobility Sweden. This is an increase of 12 percent compared with August last year.
CarsVolvo Cars is closing its Stockholm office and moving resources to its headquarters in Gothenburg, according to a press release. Around 450 employees will be affected - staying in the capital while working remotely is not an option.
CarsInterest in private leasing of passenger cars is rising sharply. At the same time, interest rate hikes from the Swedish Central Bank are now expected. The result could be a sharp rise in the cost of leasing a car.
CarsMore and more people are privately leasing their cars. In the first half of the year, the increase was 32 percent, according to compiled statistics.
CarsTesla recalls nearly three million cars in China.
CarsChina's domestic car market is struggling with weak demand. This is causing car manufacturers to face a new problem: How will they be able to ship all their new models to countries such as Europe?
CarsVolvo Cars' global sales decreased by 4 percent during the period May-July compared with the same period last year.
CarsChinese car brands are gaining market share in Europe, but sales in Sweden are sluggish. Sweden’s tax on plug-in hybrids is one reason, according to Tomas Ernberg, CEO of the Chinese car brand MG in Sweden.
CarsEuropean carmakers have delivered a string of disappointments amid a flood of reports. Profits are shrinking and sales forecasts are being cut. Tens of thousands of employees are being laid off. The question is whether Italian luxury brand Ferrari can show the way forward for Europe’s car industry.
CarsThe low Swedish diesel prices are causing foreign haulage companies to adjust their routes so they can refuel in Sweden. There are many thousands of Swedish kronor to be saved on each fully fuelled truck. Naturally, people refuel where it is cheapest, haulage companies are under great pressure, says Tina Thorsell, head of social policy at the Swedish Transport Companies Association.
CarsDaimler Truck Holding raises its full-year forecast. A more favorable situation regarding US tariffs is helping. But second-quarter profit was lower than expected, according to preliminary figures from the German truck manufacturer.
CarsTruck manufacturer Scania took orders for 28,743 vehicles in the second quarter, a 41 percent increase compared with the corresponding quarter last year. And unlike passenger car manufacturers, Scania is not being squeezed by Chinese competition. They have not kept up, CEO Christian Levin tells TT.
CarsCar sales in the EU increased by 5.7 percent in the first half of the year, compared with the same period last year, the industry association Acea said.
CarsDo you charge your car at night, thinking it's cheaper? It's time to think again. It is usually half the price in the middle of the day, at least in southern Sweden. One electricity company is clearly seeing such a trend.
CarsThe Stockholm Stock Exchange fell, with steep declines for several engineering giants, while global markets are gripped by a new round of AI hype. The OMXS index closed down 0.2 percent.
CarsCar manufacturer Volvo Cars reports unexpectedly weak results for the second quarter. The stock is plunging on the Stockholm Stock Exchange. We have a China market that has collapsed dramatically, down 30 percent. Then it is difficult to make the numbers add up, CEO Håkan Samuelsson tells TT.
CarsHungary's controversial former Foreign Minister Péter Szijjártó is leaving politics to become a senior executive at the world's largest electric car manufacturer, Chinese BYD.
CarsVolvo Cars has signed a letter of intent with Belgian authorities regarding support equivalent to just over SEK 1.3 billion for the company's factory in Ghent.
CarsChina's global trade grew more than expected in June, led by record auto exports, boosted by expensive chips and strong global demand for hardware to power artificial intelligence (AI) data centers.
CarsIt is unclear whether the Södertälje-based truck manufacturer Scania will be affected by owner Volkswagen's large savings package, which was presented on Thursday.
CarsExports of cars from China surged 80 percent in June compared with the same month last year. However, domestic demand is trending downward, with sales falling 26 percent year-on-year in June.
CarsVattenfall InCharge has agreed to buy Nima Energy's Swedish fast-charging operations, the state-owned energy group said in a press release.
CarsGas prices are at record lows - yet leading car-sharing companies are not lowering their prices. Fuel is only part of the business's total costs, the industry says.
CarsVolvo Cars' global sales decreased by 5.6 percent in the second quarter compared with the same period last year.
CarsVolkswagen's plan to close four factories and cut 100,000 jobs - not yet approved by the board of directors - is just one of several expected cuts in Germany's giant car industry. BMW and Mercedes-Benz, as well as several major German suppliers, are on the same track.
CarsA toy fire truck is being recalled because it contains small parts that could pose a choking hazard, the Swedish Consumer Agency said.
CarsCar sales in EU countries rose by 3.2 percent in May compared with the same month last year. The share of pure electric cars rose to 20 percent.
CarsVolvo Cars is recalling 64,000 plug-in hybrid vehicles due to a fire risk, reports Carup.
CarsThe Pentagon has updated its list of Chinese companies that the United States considers to be supporting China's military, The Wall Street Journal reports. The list includes electric car giant BYD.
CarsNow it's time for electric cars. Next year, half of all new cars are expected to be electric, according to a new forecast. But the "delay" compared to our Nordic neighbors has cost over a hundred billion in fossil fuel imports.
CarsScania will deliver 105 electric trucks to the Swedish chemical company Wibax. According to Scania, the agreement is the largest of its kind in the EU to date.
CarsVolvo Cars' sales for March–May fell 5.5 percent compared with the same period last year, according to a press release from the automaker.
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Police are investigating a suspected murder in Ludvika municipality. A woman is dead, and a man has been arrested.
CrimeA ten-year-old boy has been injured in an accident at a motocross track outside Kalmar. He has been admitted to the intensive care unit, Barometern reports.
SwedenThe Left Party will not back down from its demand to join a red-green government, the party’s vice chairwoman, Ida Gabrielsson, says on X.
Swedish politicsAfter decades of deforestation, drought and fires, the Amazon rainforest is now emitting more carbon dioxide than it absorbs, a new study shows.
SwedenThe scent of grazing crustaceans can be used in a warning system for toxic algal blooms. The method could provide up to seven weeks’ advance warning of outbreaks.
SwedenA man in his 20s has been arrested on suspicion of rape in Umeå, police said.
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President Ilijana Jotova looks set to win Bulgaria’s election. According to two exit polls, she is expected to receive between 51 and 53 percent of the vote.
ConflictsThe rival political sides in Israel must accept the election results and do what they can to avoid a snap election, President Isaac Herzog says.
World politicsThe flare-up in fighting between Saudi Arabia and the Iran-backed Houthi movement has forced more than 300,000 people to flee their homes in Yemen, according to the UN.
ConflictsBritish police have arrested 325 people in connection with a demonstration on Saturday in support of the pro-Palestinian group Palestine Action.
ConflictsFrench prosecutors have decided to open an attempted murder investigation after a Molotov cocktail was thrown at gendarmes during clashes at a large demonstration in Paris.
WorldPortuguese police have stormed tent camps in Lisbon and Porto set up in protest against soaring housing prices. Thirteen people have been arrested, and several are reported to have been injured.
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The stock market has turned downwards after several AI-linked companies failed to meet expectations. Tech giants have invested trillions in a short time, and investors now want to know whether it is worth it. “The big cloud of concern is the enormous investments American companies are currently making in data centers and AI,” says Maria Landeborn, a savings economist at Danske Bank.
TechnologyHandelsbanken's currency forecast suggests the euro and US dollar could weaken against the Swedish krona by summer 2027, potentially making holidays abroad somewhat cheaper for people spending kronor. The forecast is conditional, not a promise.
BusinessThe number of bankruptcies fell by 15 percent in October compared with the same month last year, according to statistics from credit reporting company Syna.
BusinessThe decision will be made on Tuesday. Donald Trump could then lose the midterm elections. A setback for the Republican president could lead to new threats of tariffs, analysts say. But it’s not certain that a Democratic victory in Congress would calm things down, says SEB chief economist Jens Magnusson.
BusinessThe European Commission, the Council president, the European Parliament and scores of member states are pushing for new EU revenue to secure agreement on a new long-term budget. Sweden is firmly resisting - but for how long?
BusinessBinance announces that withdrawals from the crypto exchange will gradually resume on Sunday. At the same time, the FBI says North Korean hackers are behind the multi-billion-dollar heist targeting the crypto platform.
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Reigning champions Arsenal sit alone at the top of the Premier League. The London club beat Liverpool, featuring Alexander Isak, 1-0 - Arsenal’s first win at Anfield in 14 years.
FootballAndreas Almgren has won the New York Marathon - on his marathon debut. It’s practically impossible, says running icon Anders Gärderud to Radiosporten.
SportsThe Swedish football derby between Häcken and IFK Göteborg was halted after unrest broke out in the stands. Several people were arrested.
FootballVäxjö are 12th in the SHL standings after 14 games. The Småland club is now taking action: coach Björn Hellkvist has been fired.
Ice hockeyAndreas Almgren wins the New York City Marathon. The Swede crushed the opposition to win the major race on his marathon debut in a time of 2:06:01. The victory also qualifies him for the marathon at the 2028 Los Angeles Olympics.
SportsHammarby beat Swedish champions Uppsala 7–0 away, as expected. Despite the win, Häcken can secure the league title on its own on Monday.
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Radio personality David Druid is taking a break from hosting “Morgonpasset i P3” after video clips of him were shared on social media.
EntertainmentAmerican film director Michael Mann has accidentally shot himself in the leg, according to TMZ.
TV & filmThe year's best book for nine- to twelve-year-olds has been chosen. “Smoke” by Linda Johansson has won the Children's Radio Book Prize.
EntertainmentHeidi Klum is known for her spectacular Halloween costumes, and this year was no exception. The supermodel was unrecognizable at her annual party, where she appeared as a giant severed hand.
EntertainmentThere has been quite a storm surrounding “Married at First Sight XL”. This week, two of the show’s experts announced that they would not return for the next season. Now the couple Max Turpeinen and Belinda Hillman are being asked to leave the SVT production mid-season.
TV & filmAfter two weeks of duels, “Idol” has now started its “real” Saturday finals.
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Sweden's All Saints' Day (Alla helgons dag) is a public holiday and falls on Saturday, October 31, the same day as Halloween. The Church of Sweden observes All Souls' Day (Alla själars dag) the following day, Sunday, November 1.
Living in SwedenIn Sweden, All Saints' Day is a time to remember those who are no longer with us and place a candle at their graves.
Living in SwedenSweden has been named the country with the world's strongest passport in the Global Passport Report 2026
SwedenThere are a few things that Swedes don't really want to compromise on when it comes to their Midsummer table. Pickled herring, new potatoes, sour cream, chives, and of course strawberries.
SwedenSwedish Pick and mix candy has gone from being an integral part of Saturday treats to becoming an international sensation. On TikTok, feeds are filled with colorful bags, foam skulls, sour bottles, and Americans discovering that candy doesn't have to taste like it was designed in a laboratory with neon lights.
Living in SwedenSweden is entering the 2026 World Cup with a strong offense that will likely keep many defenders up at night. Alexander Isak and Viktor Gyökeres are the big stars in the squad, Victor Nilsson Lindelöf is the team captain with extensive experience, and Graham Potter has assembled a team with maximum Premier League weight.
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