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German carmakers face profit slump as Europe feels the strain
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German carmakers face profit slump as Europe feels the strain

European carmakers have delivered a string of disappointments amid a flood of reports. Profits are shrinking and sales forecasts are being cut
BMW to cut around 8,000 jobs as it faces pressure from Chinese rivals, report says
Business News

BMW to cut around 8,000 jobs as it faces pressure from Chinese rivals, report says

German carmaker BMW is to cut around 8,000 jobs. The company is now offering severance pay as it faces competition from Chinese manufacturers
Mercedes lowers sales forecast as weak China demand hits profits
Business News

Mercedes lowers sales forecast as weak China demand hits profits

Weak demand in the Chinese car market is now also forcing Mercedes-Benz to lower its sales forecast.
German car industry braces for more plant closures and job cuts
Business News

German car industry braces for more plant closures and job cuts

Volkswagen'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
Slight uptrend on the Stockholm Stock Exchange as OMXS index rises 0.2 percent
Business News

Slight uptrend on the Stockholm Stock Exchange as OMXS index rises 0.2 percent

The Stockholm Stock Exchange recovered on Wednesday, with a morning decline followed by a slight rise. The broad OMXS index rose 0
BMW's margins under pressure - headwinds in China
Business News

BMW's margins under pressure - headwinds in China

Strong price pressure in China is weighing on German carmaker BMW. Its profit margin - the share of operating profit in total sales - was squeezed to 5
BMW operating profit up 13% to 2.1 billion euros, higher than expected
Business News

BMW operating profit up 13% to 2.1 billion euros, higher than expected

German carmaker BMW reported a 13 percent increase in operating profit to 2. 1 billion euros, compared with an average analyst forecast of 1
Britney Spears arrested on suspicion of drunk driving, manager calls it a regrettable and inexcusable incident
Entertainment News

Britney Spears arrested on suspicion of drunk driving, manager calls it a regrettable and inexcusable incident

Britney Spears is deeply remorseful after being arrested by police on suspicion of drunk driving. Her manager, Cade Hudson, tells TMZ: "This was a regrettable and inexcusable incident
BMW recalls hundreds of thousands of cars again over fire risk
Business News

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
BMW recalls hundreds of thousands of cars over fire risk
World News

BMW recalls hundreds of thousands of cars over fire risk

German carmaker BMW is recalling hundreds of thousands of cars worldwide over a risk that the starter motor could catch fire.
After the successful winter – bought a car with the prize money
Sports News

After the successful winter – bought a car with the prize money

In just a few months, Ella Halvarsson went from looking for extra prizes to make ends meet, to earning more than a million kronor in prize money alone. Then she treated herself not only to a new vacuum cleaner but also a new car
Semiconductor shortage in German industry – shifts halted
Business News

Semiconductor shortage in German industry – shifts halted

ZF Friedrichshafen – which supplies electronics to German carmakers such as BMW and Volkswagen – is cutting production in Germany due to a semiconductor shortage. Stifled deliveries from China are behind this
Tesla and Volvo Face Decline in EU Car Registrations
Business News

Tesla and Volvo Face Decline in EU Car Registrations

It points weakly upwards for new registrations of passenger cars in the EU, according to monthly figures from the industry organization Acea. But for the American electric car manufacturer Tesla, it goes steeply downhill
Volvo and Major Automakers Fined 458 Million Euros for Cartel Involvement
Business News

Volvo and Major Automakers Fined 458 Million Euros for Cartel Involvement

The EU has imposed fines totaling 458 million euros, equivalent to approximately 4. 9 billion kronor, on 15 vehicle manufacturers and the industry's employer organization (ACEA) for participating in a cartel
Setback for BMW
Business News

Setback for BMW

He was saved by the municipality after the Northvolt warning
Business News

He was saved by the municipality after the Northvolt warning

The Bangladeshi MD Furkanul Islam, 31, has a master's degree in AI and robotics. In November, he was forced to leave Northvolt
Sources: Northvolt may file for bankruptcy tomorrow
Business News

Sources: Northvolt may file for bankruptcy tomorrow

Northvolt will apply for bankruptcy on Wednesday morning if the crisis-stricken company does not receive new capital by then, according to two independent sources for Dagens Nyheter.
The meeting may mark the beginning of the end for Northvolt
Business NewsTop News

The meeting may mark the beginning of the end for Northvolt

After a 2024 marked by skyrocketing losses, production problems, massive layoffs, and bankruptcy protection, the owner of the battery manufacturer Northvolt will now have their say. An extraordinary general meeting will decide today whether it's time to give up the attempts to save the company
Crisis Expert Paul O'Donnell Becomes Chairman of Northvolt One
Business News

Crisis Expert Paul O'Donnell Becomes Chairman of Northvolt One

The battery manufacturer Northvolt's CEO Peter Carlsson has left the post as chairman of the subsidiary Northvolt Ett, which operates the battery factory in Skellefteå. Carlsson has been replaced by crisis expert Paul O'Donnell, reports the newspaper Di
Northvolt in crisis - "Dialogue is ongoing"
Business NewsTop News

Northvolt in crisis - "Dialogue is ongoing"

The crisis-stricken battery manufacturer Northvolt is considering applying for bankruptcy protection or bankruptcy, according to several media outlets citing sources. "The dialogue about future financing is ongoing," writes the company's press spokesperson Erik Zsiga to TT about the reports
The Trade Union: Volkswagen Wants to Close Several Factories
Business News

The Trade Union: Volkswagen Wants to Close Several Factories

Volkswagen is planning to close at least three factories in Germany, according to the car group's union.
BMW does not want to invest more in Northvolt
Business News

BMW does not want to invest more in Northvolt

The Car Crisis is "Challenging" for Swedish Companies
Business News

The Car Crisis is "Challenging" for Swedish Companies

The crisis among car giants risks hitting Swedish subcontractors. The industry organization FKG warns of a bleak 2025
After the Giant's Profit Warning - More to Come
Business News

After the Giant's Profit Warning - More to Come

For the second time this year, car giant Volkswagen is forced to issue a profit warning. More similar announcements are to be expected for a crisis-stricken German car industry, according to an analyst
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