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Scania to Cut 750 Jobs in Sweden Amid Organizational Restructuring
Business News

Scania to Cut 750 Jobs in Sweden Amid Organizational Restructuring

The truck manufacturer Scania is giving notice to "meet current conditions and future needs", the company states in a press release. 750 positions will be eliminated in Sweden
Northvolt Bankruptcy: American Lyten Acquires Estate, Hope Revived
Business NewsTop News

Northvolt Bankruptcy: American Lyten Acquires Estate, Hope Revived

During the spring, potential buyers of Northvolt's bankruptcy estate withdrew. The plan was to completely close down the operations after the summer
Scania's China Factory Investment Shines Amid Tariff Challenges
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Scania's China Factory Investment Shines Amid Tariff Challenges

Scania is preparing to pick the fruits of the major investment in China. At the same time, the parent company Traton is cutting the forecast for the full year after uncertainty in the USA
Sweden Donates New Archer Artillery Barrels to Ukraine
Sweden News

Sweden Donates New Archer Artillery Barrels to Ukraine

Sweden will donate, among other things, new barrels for the Archer artillery system to Ukraine. Those already in use in the war are being worn out
City Strike Cancelled After New Wage Agreement Reached
Business News

City Strike Cancelled After New Wage Agreement Reached

Stockholm Exchange Falls Despite Low US Inflation
Business News

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
Business News

Scania Seeks Consortium to Acquire Northvolt R&D Facility

Property and Seko Warn of Strike Over Cleaner Overtime Dispute
Business News

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
Business News

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
Business NewsTop News

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
Business News

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
Business News

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
Business News

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
Business News

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
Business News

Scania Sales Drop 16 Percent in First Quarter

Scania Secures Major 2,000-Bus Deal with Lagos, Nigeria
Business News

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
Business News

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
Business News

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
Business News

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
Business News

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
Business News

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
Business News

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
Business News

Northvolt sold Polish factory for 63 million

Northvolt Owner: "Moving Quickly in the Right Direction"
Business News

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
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