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Scania to Cut 750 Jobs in Sweden Amid Organizational Restructuring
2 MIN READ
The truck manufacturer Scania is giving notice to "meet current conditions and future needs", the company states in a press release. 750 positions will be eliminated in Sweden
Business News
Top News
Northvolt Bankruptcy: American Lyten Acquires Estate, Hope Revived
2 MIN READ
During the spring, potential buyers of Northvolt's bankruptcy estate withdrew. The plan was to completely close down the operations after the summer
Business News
Top News
Scania's China Factory Investment Shines Amid Tariff Challenges
3 MIN READ
Scania is preparing to pick the fruits of the major investment in China. At the same time, the parent company Traton is cutting the forecast for the full year after uncertainty in the USA
Sweden News
Sweden Donates New Archer Artillery Barrels to Ukraine
1 MIN READ
Sweden will donate, among other things, new barrels for the Archer artillery system to Ukraine. Those already in use in the war are being worn out
Business News
City Strike Cancelled After New Wage Agreement Reached
1 MIN READ
Business News
Stockholm Exchange Falls Despite Low US Inflation
2 MIN READ
A slightly lower underlying inflation than expected in the USA in May was received positively on Wall Street. But the Stockholm stock exchange fell
Business News
Scania Seeks Consortium to Acquire Northvolt R&D Facility
1 MIN READ
Business News
Property and Seko Warn of Strike Over Cleaner Overtime Dispute
2 MIN READ
Property and Seko terminate the collective agreement for cleaners in the private sector with Almega and warn of strike, the trade unions announce in a press release.
Business News
Plan for Tunnel Under Södertälje Canal Gains Support from Major Employers
1 MIN READ
A tunnel under Södertälje canal is needed, believe both the municipality and two of the country's largest employers: Scania and Astra Zeneca.
Business News
Top News
Northvolt Production in Skellefteå to Halt by June 30
2 MIN READ
The production at Northvolt's battery factory in Skellefteå is being scaled down to be stopped completely on June 30, announces the trustee. Vehicle manufacturer Scania says it was no longer possible to be the sole customer holding Northvolt under its arms
Business News
Northvolt Faces $40 Million Legal Fees in US Bankruptcy Process
1 MIN READ
Northvolt's attempt to save the company in a so-called Chapter 11 process in the USA became a costly story.
Business News
Scania CEO: We Shouldn't Own Northvolt Factory
1 MIN READ
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
Business News
Traton Lowers North America Truck Sales Forecast Amid Tariff Impact
2 MIN READ
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
Business News
Scania acquires Northvolt operation
1 MIN READ
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
Business News
Scania Sales Drop 16 Percent in First Quarter
1 MIN READ
Business News
Scania Secures Major 2,000-Bus Deal with Lagos, Nigeria
1 MIN READ
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
Business News
Northvolt Trustee: Hopes to Save Operations
3 MIN READ
The trustee Mikael Kubu has taken over the responsibility for Northvolt, since the district court has declared the battery manufacturer bankrupt. We are investigating the conditions for being able to maintain production, he says
Business News
Stock Market Plunge after Trump's Tariff Announcement
1 MIN READ
The Stockholm stock exchange's downturn was reinforced after President Donald Trump's statement about doubled steel tariffs against Canada. At closing, the OMXS index is down 2
Business News
CEO: Geopolitical crisis can be a boost for Scania
2 MIN READ
The Scania CEO Christian Levin is worried about the geopolitical crisis in the wake of the Trump administration's takeover. But signals that Europe – with Germany at the forefront – is facing massive investments in defense and infrastructure could put money in the coffers for both Scania and the German parent company Traton
Business News
The Stockholm Stock Exchange closed in the red
2 MIN READ
The Stockholm stock exchange's initial trading on the week's first trading day offered a weak upturn – but then turned and at closing the OMXS index was down 1. 0 percent
Business News
Record bonus for Scania employees
3 MIN READ
The truck manufacturer Scania is hitting with a record bonus to the employees. The message to approximately 20,000 coworkers comes in connection with the financial report for 2024
Business News
The Armed Forces Buy Billion-Worth of Trucks
1 MIN READ
The Defence Materiel Administration (FMV) is ordering 775 trucks, with options for an additional 575 vehicles, from Scania and Volvo.
Business News
Northvolt sold Polish factory for 63 million
1 MIN READ
Business News
Northvolt Owner: "Moving Quickly in the Right Direction"
2 MIN READ
Northvolt has got significantly better momentum in production at the Skellefteå factory. This is stated by one of the owners, the CEO of the First AP Fund, Kristin Magnusson Bernard
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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