Cars

Scania Seeks Consortium to Acquire Northvolt R&D Facility

Daimler and Toyota to Merge Truck Operations in Joint Venture

Japanese Toyota and German Daimler will form a jointly owned company for their truck operations.

Volvo Cars Sales Decline 12% in May with Electric Models Down 20%

Sweden Proposes New Electric Car Bonus for Rural Residents

Now there is a proposal on how the government's new electric car bonus will work – and who can get it. The requirement is to live in the countryside, not have access to good public transport and not earn too much.

63 Percent of Cars Sold Are Electric in May

Car sales continue to increase at a moderate pace. In May, the increase in car registrations was two percent. Electric cars account for 63 percent.

Safe Cars Don't Have to Be Expensive, Folksam Report Reveals

It is ten times as great a risk of dying in the least safe car models compared to the safest, according to a report from Folksam. There are cars that are safe and do not cost so much, says Anders Kullgren, research chief at Folksam.

Volvo Cars Credit Rating Outlook Lowered by S&P Global

The car manufacturer Volvo Cars' credit rating has been given negative outlook by S&P Global, reports Bloomberg with reference to the rating institute.

Volvo Cars Cuts 3,000 Jobs Amid Global Restructuring

One of Sweden's most well-known companies – Volvo Cars – is cutting back with 3,000 jobs. The notice is one of the largest in the company's history. I have full respect for that this will result in uncertainty among our employees, says the HR Manager Hanna Fager to TT.

BYD Price Cuts Trigger Decline in Electric Car Shares

Electric car shares fall on a broad front on the Hong Kong stock exchange since the Chinese industry giant BYD stated that they are slashing prices on 22 different car models. BYD's price cuts amount to up to 35 percent.

Avoid These Mistakes on Your European Car Vacation

Fill up the tank before you leave Sweden and check what documents are needed. But before the road trip in Europe, there is one important thing you must keep track of: the Environmental zones. It can be a bit tricky, says Katja Runestam Prinzell, travel advisor at M Sweden.

BYD Surpasses Tesla in European Electric Car Sales for the First Time

Honda Reduces Electric Vehicle Investments Amid Sales Challenges

Honda Motor is slamming on the brakes due to strong headwinds in electric car sales and decreased political pressure for the transition to electric-powered vehicles. Both sales targets and investment plans for electric cars are being scaled back by the Japanese car manufacturer.

Chinese EV Maker BYD Establishes European HQ in Budapest

Nissan to Close Seven Car Factories Amid Major Restructuring

The debt- and loss-burdened Japanese car manufacturer Nissan will shut down 7 of the 17 car factories the company has today, according to Nissan.

Polestar Reports Reduced Losses in First Quarter 2023

EU Approves Extended Deadline for Emission-Free Cars Despite Swedish Opposition

Volvo Cars Sales Decline 11 Percent in April

Volvo Cars Announces Major Job Cuts in Gothenburg Amid Cost-Saving Efforts

The car manufacturer Volvo Cars is to save billions. The company is now announcing major staff cuts. These will mainly take place in Sweden and Gothenburg. Most people work here, says CEO Håkan Samuelsson.

Scania CEO: We Shouldn't Own Northvolt Factory

The truck manufacturer Scania does not see itself as the actor that should rescue the bankrupt Northvolt factory in Skellefteå or the development operations in Västerås from closure. Our role is primarily to be a customer, says Scania's CEO Christian Levin.

Traton Lowers North America Truck Sales Forecast Amid Tariff Impact

Scania owner Traton – Volkswagen's truck subsidiary – is lowering its forecast for North America due to the Trump administration's tariffs. At the subsidiary International's factory in Mexico, a shift has just been cancelled. 900 people have had to leave the company, says Traton CEO Christian Levin.

Scania Owner Traton Shares Rise Despite Weak Q1 Results

It was a thumbs up from the market after Scania-owner Traton's report for the first quarter. The share is rising by almost 5 percent, despite a loss and a significant slowdown when it comes to sales, both in terms of the number of vehicles and in kronor.

Renault Confirms 2025 Forecast with Electric Car Growth

US Retail Sales Surge in March, Driven by Car Purchases

Polestar Shifts to Local Production to Navigate Trade Challenges

Increased production in the USA. But also elsewhere. For the electric car manufacturer Polestar, the trade war is further evidence that production needs to become more local. Shipping cars around the whole world is not a good business model, says CEO Michael Lohscheller.

Japanese Car Giants Boost Asian Stock Markets After Tariff Pause News

The Tokyo Stock Exchange pointed upwards in Tuesday's initial trading, after USA's President Donald Trump on Monday announced a possible pause for his tariffs on vehicles.

Trump Considers Temporary Tariff Relief for Car Manufacturers

The President of the USA, Donald Trump, says that he is investigating possible temporary exemptions from his tariffs on imported vehicles and vehicle parts to give car companies more time to set up manufacturing in the USA, reports Bloomberg.

Government Boosts Electric Car Scrappage Premium to 25,000 Kronor

The scrappage premium for those who buy an electric car has almost become a fiasco. Now the government is increasing the premium from 10,000 to 25,000 kronor.

Tesla stops selling two car models in China

Scania acquires Northvolt operation

The truck manufacturer Scania is acquiring Northvolt Systems' industrial division, writes Scania in a press release. The business – which includes production, research, and development – comprises 260 employees in Stockholm and Gdansk, Poland.

Stellantis Sees 20% Drop in North American Car Deliveries

EU and China Discuss Electric Car Tariff Agreement

In the wake of Donald Trump's tariffs, the EU and China have plans for closer economic cooperation.

Polestar Reports 76% Increase in First Quarter Sales

Scania Sales Drop 16 Percent in First Quarter

Scania Secures Major 2,000-Bus Deal with Lagos, Nigeria

Scania is to sell 2,000 biogas-powered buses to Lagos in Nigeria. The major order was finalized in connection with the Swedish trade office opening in Nigeria on Tuesday.