Cars

European car sales rise - Tesla is racing

New car registrations in the EU rose 1.4 percent in February compared to last year, according to statistics from the industry association ACEA. Tesla's sales surged, while Volvo Cars' sales fell.

Applications open - how to get the new electric car subsidy

Starting today, Wednesday, March 18, you can apply for the new electric-car premium. The maximum amount is SEK 64,800, which will be paid to anyone who leases or buys an electric car. Here are the rules you need to know.

American motorists feel the war at the pump as fuel prices rise

Fuel prices are also rising in the United States as the war against Iran continues.

Daimler Truck issues unexpectedly weak forecast for 2026

Daimler Truck faces an unexpectedly bleak outlook for 2026, according to a forecast in a financial statement from the German automotive giant.

BYD aims to develop its own Formula 1 car

The Chinese carmaker BYD, which has positioned itself as one of the world's largest automakers with electric and hybrid cars in the low-cost segment, is considering entering Formula 1.

Scania CEO: It is terrible that we have a war again

Truck giant Scania is now working to bring employees back from the war-torn Middle East. At the same time, ongoing deliveries to customers in affected countries are being halted.

Strong demand causes Volvo Cars to increase production pace for EX60

Volvo Cars is increasing production of the EX60 electric car due to high demand.

Electric cars advance in new sales statistics

New car sales are declining slightly, but electric cars are performing better, new February statistics show.

BMW recalls hundreds of thousands of cars again over fire risk

Problems continue for German automaker BMW. For the second time in a month, more than 300,000 vehicles worldwide are being recalled due to a fire risk.

Car sales are falling in the EU, BYD is increasing

New car registrations in the EU fell by 3.9 percent in January compared with the same month a year earlier, according to statistics from the industry association ACEA. At the same time, sales of Chinese automaker BYD are accelerating.

Volvo recalls 40,300 EX30 electric cars over fire risk

Swedish-Chinese car manufacturer Volvo Cars is recalling just over 40,300 units of its EX30 electric cars after it emerged that the cars' batteries are at risk of overheating.

Polestar lowers forecast for deliveries this year

Growth in deliveries is expected to slow this year, according to loss-making electric car manufacturer Polestar. The Gothenburg-based company is adjusting its target down to a low double-digit percentage.

Driving an electric car is still much cheaper in 2025, analysis finds

Despite falling prices for gasoline and diesel, an electric car is still the cheapest vehicle to drive, according to the fuel analysis for 2025 by the industry organization Mobility Sweden.

Stock market closed down as Volvo Cars shares plummeted after weak financial report

The Stockholm Stock Exchange fell on Thursday - in line with other leading stock exchanges worldwide. The broad OMXS index closed down 1 percent.

Stock market crash for Volvo Cars - negative surprise after weak 2025 results

The Gothenburg-based carmaker Volvo Cars is plunging on the stock market after unexpectedly weak financial results for 2025. "It is a strong negative surprise," says SEB's equity strategist Esbjörn Lundevall.

Volvo Cars sales decline 7% for November 2025 to January 2026

Volvo Cars sold 177,830 cars in the three-month period from November 2025 through January 2026, the carmaker said in a press release. That was 7 percent fewer than in the same period a year earlier.

Weak start to the year for car sales as January registrations fall 18 percent

Car sales start the year weakly. New registrations fall 18 percent.

Polestar raises $400 million in new equity

Gothenburg-based electric car manufacturer Polestar has raised $400 million (equivalent to approximately SEK 3.6 billion) in new equity.

AB Volvo flags a brighter truck market

Truckmaker AB Volvo is seeing bright spots in several major regions. Fourth-quarter profit was higher than expected. However, the company is still lowering its dividend compared with last year's record-high dividend.

December lift in European car registrations

New car registrations in Europe rose by 7.6 percent in December, according to industry body EAMA. For the whole of 2025, that represents an increase of 2.4 percent, to a total of 13.3 million new car registrations.

Volvo Cars CEO says he doesn't think there will be any tariff changes

Volvo Cars is in the firing line of President Donald Trump's new tariff threat. However, the company's CEO, Håkan Samuelsson, believes that Trump will back down again. "I may be too optimistic here, but I actually don't think there will be any change," he says.

Scania buys out around 350 employees after notice

Around 350 employees at Scania are being bought out after the company's major layoffs this autumn, writes LT.

Electric car deal to thaw Canada-China relationship

Canadian Prime Minister Mark Carney and Chinese leader Xi Jinping have reached an agreement in an attempt to thaw relations between the two countries. Among other things, China will be allowed to export 49,000 electric cars to Canada with a reduced tariff of 6.1 percent, and Canadians will be allowed to visit China without having to apply for a visa.

Scania's German sister company MAN settles with unions

MAN, the German bus and truck manufacturer owned by Traton (the owner of Scania), has reached an agreement with unions on cost savings of 900 million euros per year by 2028. Under the agreement, MAN has promised to invest almost 1 billion euros in its German facilities by the end of 2030, the company said in a press release.

Volvo Cars subsidiary Novo Energy lays off all 75 staff

Novo Energy, owned by Volvo Cars, is laying off 75 employees because it has not yet found a new partner for its battery factory in Gothenburg.

100 percent of new cars in over 100 Norwegian municipalities are electric

In over 100 Norwegian municipalities, customers now buy only electric cars. Last year, only 18 of the country's 357 municipalities had less than 90 percent of new car sales that were electric vehicles.

Economist on the new electric car premium says very few can afford it

From March 18, it will be possible to apply for an electric car premium. But few will be eligible and even fewer will be able to afford to buy or lease an electric car. "Unfortunately, I think there will be very few," says savings economist Sharon Lavie.

GM takes $6 billion write-down for scrapped electric cars

Volvo Cars recalls 413,151 cars again over rearview camera screen problem in US

Volvo Cars sales rise in December as full-year 2025 sales fall 7 percent

Volvo Cars increased car sales by 2 percent in December compared to a year ago, according to monthly statistics from the company.

Share of newly registered electric cars in Norway reaches record high in 2025

Of the nearly 180,000 new passenger cars registered in Norway last year, approximately 96 percent were electric cars - a new record.

Chinese electric car giant BYD is growing, Tesla is losing

The battle for the electric car market is heating up. Chinese electric-car giant BYD reports record sales for 2025. At the same time, Tesla warns of a sales decline.

Plug-in hybrids are popular, car sales in the EU are increasing

An increasingly large part of the vehicle fleet in the EU consists of plug-in hybrids, according to statistics from the industry organization Acea.

Billion-dollar loan to Scania owner Traton

Traton, which owns truck manufacturer Scania, has received a billion-kronor loan from the European Investment Bank (EIB), writes Dagens Industri.