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Stockholm Exchange Sees Slight Gains Amid Mixed European Markets
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
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
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
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
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
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
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
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.
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.
Another fateful day for Northvolt
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
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
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
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
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. .
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.
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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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