Better profitability and growth in the service business lifted the seasonally weak third quarter for bus and truck manufacturer Scania. “This is one of the best third quarters we’ve ever had,” CEO Christian Levin tells TT. And Scania’s boss is not worried about increasingly tough competition from China.
BusinessThe Stockholm Stock Exchange closed slightly higher ahead of the US Federal Reserve’s interest rate announcement. The OMXS index was up 0.3 percent at the close.
BusinessTruck manufacturer Scania is accelerating its plans to produce electric trucks at a new factory in Rugao, China. The decision comes as diesel prices hit record highs.
BusinessScania delivered 22,100 vehicles in the third quarter, according to a company report. That was a 3 percent increase compared with the same period last year.
BusinessThe crisis in the German automotive industry is becoming increasingly clear. It may, to some extent, spill over to Swedish suppliers, according to Peter Bryntesson, CEO of the industry organization FKG.
BusinessTruck manufacturer Scania took orders for 28,743 vehicles in the second quarter, a 41 percent increase compared with the corresponding quarter last year. And unlike passenger car manufacturers, Scania is not being squeezed by Chinese competition. They have not kept up, CEO Christian Levin tells TT.
BusinessThe Stockholm Stock Exchange fell on Thursday. Prices were pressured by the growing global AI boom and concerns about the effects of the oil price surge due to developments in the Middle East.
BusinessIt is unclear whether the Södertälje-based truck manufacturer Scania will be affected by owner Volkswagen's large savings package, which was presented on Thursday.
BusinessThe trend has reversed. Now many employers want white-collar workers back in the office. There has been a shift for some time, says Camilla Frankelius, head of negotiations at the Swedish Association of Engineers.
BusinessScania will deliver 105 electric trucks to the Swedish chemical company Wibax. According to Scania, the agreement is the largest of its kind in the EU to date.
BusinessScania is investing 70 million euros (approximately 760 million SEK) to increase capacity at the production facility in Angers, France, the Södertälje-based truck manufacturer said in a press release.
BusinessTruck manufacturer Scania saw a sales decline in the first quarter but increased order intake. CEO Christian Levin described the company as "resilient" in a turbulent environment. "The ugly thing is the impact on the global economy, and we are starting to see the effects of that now," he told TT.
BusinessTruck manufacturer Traton, which owns Södertälje-based Scania among others, reported a decrease in first-quarter sales. A total of 68,600 trucks were sold during the quarter, a decrease of 6 percent compared with the same period last year.
BusinessLuxurious environments, security and zero taxes have transformed the oil-rich countries around the Persian Gulf into financial centers in a few decades - where investors, major companies and wealthy tourists from all over the world gather. But since the United States and Israel attacked Iran last weekend, the business model is at risk from Iranian drones and missiles.
BusinessTruck giant Scania is now working to bring employees back from the war-torn Middle East. At the same time, ongoing deliveries to customers in affected countries are being halted.
BusinessUniversity graduates account for an increasingly large share of unemployment, while companies are facing a severe shortage of skilled workers. Poor matching, simply put. We need to tailor education to the needs of the labor market, says Mia Bernhardsen of the Confederation of Swedish Enterprise.
BusinessAround 350 employees at Scania are being bought out after the company's major layoffs this autumn, writes LT.
BusinessAfter a decline on Tuesday morning, the Stockholm Stock Exchange recovered in late trading and closed near unchanged. The broad OMXS index fell 0.1 percent.
BusinessTraton, which owns truck manufacturer Scania, has received a billion-kronor loan from the European Investment Bank (EIB), writes Dagens Industri.
BusinessAround 25 Swedish companies are accompanying the Swedish delegation to Belém, Brazil, where the world's countries are to agree on how to reduce emissions. At the same time, the non-profit Transparency International warns that the increasing focus on the private sector has made the climate meetings more like industry fairs.
BusinessTruck and bus manufacturer Scania reports profit and decreased sales – both in volume and revenue – in the third quarter. But order intake takes a significant step up. And on the stock exchange it's a thumbs up.
BusinessIndex-heavy Ericsson went against the grain in Wednesday's trading on the Stockholm Stock Exchange. The broad OMXS index fell 0.5 percent.
BusinessAfter seven days with green figures, the Stockholm stock exchange was back in the red. The broad OMXS index fell 0.7 percent. Truck manufacturers Volvo and Traton weighed down – while Skanska went against the stream.
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