The crisis in the German automotive industry is becoming increasingly clear. It may, to some extent, spill over to Swedish suppliers, according to Peter Bryntesson, CEO of the industry organization FKG.
BusinessAutomotive safety group Autoliv reports adjusted operating profit of $270 million for the second quarter of this year, compared with $251 million in the second quarter of last year.
BusinessAutoliv is winding down its manufacturing operations in Turkey, the car safety group said in a press release. The move affects 2,200 employees and is estimated to cost Autoliv $142 million.
BusinessAutoliv is unexpectedly gloomy about its growth prospects for 2026. A forecast of margin pressure and zero growth has caused the stock to plummet by just over 9 percent on the stock exchange.
BusinessThe Stockholm Stock Exchange did not react significantly to President Donald Trump's nomination of Kevin Warsh to head the U.S. Federal Reserve.
BusinessFinancier Christer Gardell gives Ulf Kristersson's right-wing government a "well passed" rating. But according to the stock market heavyweight, it would not be a disaster if Magdalena Andersson (S) were to take over after the 2026 election. I find it difficult to see that there is any major structural systemic threat in Swedish politics today, he says.
BusinessAutoliv performs better than expected in the first quarter. But the car safety company has since March found itself in the midst of the battlefield created in global trade by the Trump administration's tariffs. There is very great uncertainty, says CEO Mikael Bratt.
BusinessThe Stockholm stock exchange's broad OMXS index fell 0.8 percent on Wednesday, weighed down by declines in banks and industrial companies.
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