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Scania
City Strike Cancelled After New Wage Agreement Reached
The announced city strike at a number of large companies has been cancelled. The unions Fastighets and Seko and the employer organization Almega accepted on Sunday a mediator's proposal for a new collective agreement.
Stockholm Exchange Falls Despite Low US Inflation
A slightly lower underlying inflation than expected in the USA in May was received positively on Wall Street. But the Stockholm stock exchange fell.
Scania Seeks Consortium to Acquire Northvolt R&D Facility
Truck manufacturer Scania wants to form a consortium to buy out the bankrupt Northvolt's research and development facility. In an interview with Financial Times, CEO Christian Levin states that Scania is in talks with other investors, including the Swedish government and the EU Commission, to buy out the part that went by the name of Northvolt Labs.
Property and Seko Warn of Strike Over Cleaner Overtime Dispute
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. .
Plan for Tunnel Under Södertälje Canal Gains Support from Major Employers
A tunnel under Södertälje canal is needed, believe both the municipality and two of the country's largest employers: Scania and Astra Zeneca. .
Northvolt Production in Skellefteå to Halt by June 30
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.
Northvolt Faces $40 Million Legal Fees in US Bankruptcy Process
Northvolt's attempt to save the company in a so-called Chapter 11 process in the USA became a costly story. .
Scania CEO: We Shouldn't Own Northvolt Factory
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.
Traton Lowers North America Truck Sales Forecast Amid Tariff Impact
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.
Scania acquires Northvolt operation
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.
Scania Sales Drop 16 Percent in First Quarter
The truck giant Scania's sales fell by 16 percent during the first quarter compared to the same period last year. This is evident from the German owner Traton's preliminary quarterly statistics, which the company has released.
Scania Secures Major 2,000-Bus Deal with Lagos, Nigeria
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.
Northvolt Trustee: Hopes to Save Operations
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.
Stock Market Plunge after Trump's Tariff Announcement
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.
CEO: Geopolitical crisis can be a boost for Scania
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.
The Stockholm Stock Exchange closed in the red
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.
Record bonus for Scania employees
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.
The Armed Forces Buy Billion-Worth of Trucks
The Defence Materiel Administration (FMV) is ordering 775 trucks, with options for an additional 575 vehicles, from Scania and Volvo. .
Northvolt sold Polish factory for 63 million
The Polish assets were valued at around 2. 4 billion kronor at the turn of the year.
Northvolt Owner: "Moving Quickly in the Right Direction"
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.
Northvolt sells factory to Scania
Northvolt sells parts of its operations to Scania. .
Temu and Shein at the Bottom – Worst Reputation in the Nordics
E-commerce platforms Temu and Shein are the companies that have the lowest confidence among consumers in the Nordic region, shows a new study. .
Volvo soared and SEB plummeted
The truck giant Volvo rushed to the top, the major bank SEB plummeted to the bottom. These were the reactions on the Stockholm Stock Exchange following Wednesday morning's closing.
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.
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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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