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Volkswagen wants to sell large stake in Traton

The German automotive giant Volkswagen (VW) is reportedly willing to sell 15 percent of the shares in the truck giant Traton, which also includes Scania, based in Södertälje. The information is reported by the German financial magazine Manager Magazine, citing sources close to the company.

Volkswagen wants to sell large stake in Traton

Increased sales for Scania

Last truck manufacturer Traton, which among other things owns Scania, sold fewer vehicles last year compared to the year before, according to new figures from the group. Sales decreased by 1 percent, from 338,200 vehicles in 2023 to 334,200 in 2024.

Increased sales for Scania

Sweden may need an Elon Musk

The financier Christer Gardell does not want new tariffs, abhors bitcoin and sees Tesla as an overvalued bubble. But he is not particularly worried about Donald Trump as president, and thinks that even Sweden needs an "Elon Musk" to cut costs in the government apparatus.

Sweden may need an Elon Musk

Green light from the court for crisis-stricken Northvolt

Yet another court hearing about the crisis-stricken battery manufacturer Northvolt was held in Texas on Friday evening, Swedish time. The company got the green light to continue the Chapter 11 process.

Green light from the court for crisis-stricken Northvolt

VW CEO: The situation is serious

The union demands in the negotiations about historic cutbacks in Germany are not enough, according to Oliver Blume, CEO of crisis-stricken German Volkswagen (VW). .

VW CEO: The situation is serious

He becomes new finance chief at Scania

The Södertälje-based truck manufacturer Scania has recruited Do Young Kim as new CFO. He is expected to take office on 1 February 2025, writes Scania in a press release.

He becomes new finance chief at Scania

Analysts: This is how Swedish companies in Mexico are affected

What becomes a reality of Donald Trump's tariff threats is still highly unclear. However, there are a number of Swedish companies in the line of fire due to their production in Mexico.

Analysts: This is how Swedish companies in Mexico are affected

Major Shareholders Expect a Northvolt Shock

Northvolt's major shareholders are expecting a significant blow in the reconstruction that the crisis-stricken battery manufacturer wants to implement. The largest owner, German Volkswagen (VW), has written down most of the value of its holding, reports Reuters citing sources.

Major Shareholders Expect a Northvolt Shock

Billion-dollar amounts at stake in Northvolt's crisis

Subcontractors to the battery manufacturer Northvolt, which last week applied for bankruptcy protection in the USA, have claims totaling 2. 5 billion kronor against the company.

Billion-dollar amounts at stake in Northvolt's crisis

Northvolt's CEO is leaving: Should have slammed on the brakes

Northvolt's CEO Peter Carlsson is leaving his post – the day after the crisis-stricken battery manufacturer applied for reconstruction in the USA. According to Carlsson, the company is not a sinking ship, but he is simultaneously self-critical: We should have applied the brakes a bit earlier, he says.

Northvolt's CEO is leaving: Should have slammed on the brakes

Full speed in the factory – but order intake is plummeting

Record production and deliveries and a significant profit increase characterize the third quarter for truck manufacturer Scania. However, order intake points sharply downward.

Full speed in the factory – but order intake is plummeting

Saab surged on a declining stock market

The Stockholm stock exchange fell across the board in the report-heavy trading on Tuesday morning. The prices recovered somewhat, but the broad OMXS index closed at minus 0.

Saab surged on a declining stock market

Scania owner: Unexpectedly strong quarter

The truck manufacturer Scania's owner Traton exceeds market expectations for operating result and cash flow, reports Dagens industri. .

Scania owner: Unexpectedly strong quarter

The Union at Northvolt: "Very strained situation"

The situation is strained and acute. This is the picture presented by the management to the trade union at crisis-ridden Northvolt.

The Union at Northvolt: "Very strained situation"

Still Red on the Stock Exchange

September continues in the red on the Stockholm Stock Exchange. At the close, the broad OMXS index had fallen 1.

Still Red on the Stock Exchange

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.

Broad decline on the stock exchange – red among major companies

Scania achieves record profit despite interest-rate pressured customers

Scania achieves its best operating result ever for a single quarter, but at the same time, one can see how customers on the European market are waiting to replace their truck fleets. Many are choosing to wait because they expect interest rates to fall, says Scania's CEO and President Christian Levin.

Scania achieves record profit despite interest-rate pressured customers

Vehicle Company Goes Bankrupt – 1,400 Employees Affected

IAC Group Sweden, which supplies components to Volvo companies and Scania, has been declared bankrupt. The company has approximately 1,400 employees in Sweden.

Vehicle Company Goes Bankrupt – 1,400 Employees Affected