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