SwedenLivingWorldBusinessSportsEntertainment

Scania

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.
Northvolt Trustee: Hopes to Save Operations

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.
Stock Market Plunge after Trump's Tariff Announcement

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.
CEO: Geopolitical crisis can be a boost for Scania

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.
The Stockholm Stock Exchange closed in the red

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.
Record bonus for Scania employees

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. .
The Armed Forces Buy Billion-Worth of Trucks

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 sold Polish factory for 63 million

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 Owner: "Moving Quickly in the Right Direction"

Northvolt sells factory to Scania

Northvolt sells parts of its operations to Scania. .
Northvolt sells factory 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. .
Temu and Shein at the Bottom – Worst Reputation in the Nordics

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.
Volvo soared and SEB plummeted

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
Show Consent Options

Categories

Information

About Sweden Herald

  • 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.
  • © Sweden Herald