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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 Carlsson has been replaced by crisis expert Paul O'Donnell, reports the newspaper Di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
Share price fall for Mercedes after profit warning
Business News

Share price fall for Mercedes after profit warning

The German car manufacturer Mercedes' share falls hard – down by almost 8 percent on the Frankfurt Stock Exchange. The share price fall comes after the German car manufacturer on Thursday lowered its profit forecast for 2024
Analyst: Overcapacity in the battery market
Business News

Analyst: Overcapacity in the battery market

An overcapacity in the battery market means that the competition has intensified. But the fact that Northvolt is scaling down right now does not mean that the company is out of the game, according to automotive analyst Hampus Engellau
BMW recalls 140,000 Mini Cooper – fire risk
Business News

BMW recalls 140,000 Mini Cooper – fire risk

Broad decline on the stock exchange – red among major companies
Business News

Broad decline on the stock exchange – red among major companies

The stock market in Stockholm fell on Thursday, with the OMXS index at minus 2. 1 percent at closing
BMW withdraws 22 billion order from Northvolt
Business News

BMW withdraws 22 billion order from Northvolt

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