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Scania's China Factory Investment Shines Amid Tariff Challenges
Business NewsTop News

Scania's China Factory Investment Shines Amid Tariff Challenges

3 MIN READ
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
Stockholm Stock Exchange Closes Week with Gains Led by Hexagon
Business News

Stockholm Stock Exchange Closes Week with Gains Led by Hexagon

2 MIN READ
The Stockholm stock exchange ended the trading week with light green numbers. With Hexagon as the locomotive, the OMXS index recovered after a day with mostly red numbers and closed up 0
Stockholm Exchange Falls Despite Low US Inflation
Business News

Stockholm Exchange Falls Despite Low US Inflation

2 MIN READ
A slightly lower underlying inflation than expected in the USA in May was received positively on Wall Street. But the Stockholm stock exchange fell
Traton Lowers North America Truck Sales Forecast Amid Tariff Impact
Business News

Traton Lowers North America Truck Sales Forecast Amid Tariff Impact

2 MIN READ
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
SKF and Kinnevik Lead Gains in a Declining Stockholm Stock Market
Business News

SKF and Kinnevik Lead Gains in a Declining Stockholm Stock Market

1 MIN READ
The Stockholm Stock Exchange started the week's trading with a slight decline of 0. 1 percent
Scania Owner Traton Shares Rise Despite Weak Q1 Results
Business News

Scania Owner Traton Shares Rise Despite Weak Q1 Results

2 MIN READ
It was a thumbs up from the market after Scania-owner Traton's report for the first quarter. The share is rising by almost 5 percent, despite a loss and a significant slowdown when it comes to sales, both in terms of the number of vehicles and in kronor
Scania Sales Drop 16 Percent in First Quarter
Business News

Scania Sales Drop 16 Percent in First Quarter

1 MIN READ
Stockholm Exchange Sees Slight Gains Amid Mixed European Markets
Business News

Stockholm Exchange Sees Slight Gains Amid Mixed European Markets

2 MIN READ
The Stockholm Stock Exchange closed near zero on Wednesday after a recovery in the late afternoon trading. The broad OMXS index rose 0
Northvolt Trustee: Hopes to Save Operations
Business News

Northvolt Trustee: Hopes to Save Operations

3 MIN READ
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

1 MIN READ
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

2 MIN READ
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

2 MIN READ
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

3 MIN READ
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
Volvo soared and SEB plummeted
Business News

Volvo soared and SEB plummeted

1 MIN READ
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
Business News

Volkswagen wants to sell large stake in Traton

1 MIN READ
Increased sales for Scania
Business News

Increased sales for Scania

1 MIN READ
Another fateful day for Northvolt
Business NewsTop News

Another fateful day for Northvolt

4 MIN READ
The crisis-stricken battery manufacturer Northvolt - with thousands of employees in Skellefteå and Västerås - is facing yet another day of destiny. The owners are gathering tomorrow to decide on continued operations or liquidation
VW CEO: The situation is serious
Business News

VW CEO: The situation is serious

1 MIN READ
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).
He becomes new finance chief at Scania
Business News

He becomes new finance chief at Scania

1 MIN READ
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
Analysts: This is how Swedish companies in Mexico are affected
Business News

Analysts: This is how Swedish companies in Mexico are affected

2 MIN READ
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
Full speed in the factory – but order intake is plummeting
Business News

Full speed in the factory – but order intake is plummeting

3 MIN READ
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
Business News

Saab surged on a declining stock market

2 MIN READ
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
Business News

Scania owner: Unexpectedly strong quarter

1 MIN READ
The truck manufacturer Scania's owner Traton exceeds market expectations for operating result and cash flow, reports Dagens industri.
Broad decline on the stock exchange – red among major companies
Business News

Broad decline on the stock exchange – red among major companies

1 MIN READ
The stock market in Stockholm fell on Thursday, with the OMXS index at minus 2. 1 percent at closing
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