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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.
Traton Lowers North America Truck Sales Forecast Amid Tariff Impact

SKF and Kinnevik Lead Gains in a Declining Stockholm Stock Market

The Stockholm Stock Exchange started the week's trading with a slight decline of 0. 1 percent.
SKF and Kinnevik Lead Gains in a Declining Stockholm Stock Market

Scania Owner Traton Shares Rise Despite Weak Q1 Results

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 Owner Traton Shares Rise Despite Weak Q1 Results

Scania Sales Drop 16 Percent in First Quarter

The truck giant Scania's sales fell by 16 percent during the first quarter compared to the same period last year. This is evident from the German owner Traton's preliminary quarterly statistics, which the company has released.
Scania Sales Drop 16 Percent in First Quarter

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.
Stockholm Exchange Sees Slight Gains Amid Mixed European Markets

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

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

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.
Another fateful day for 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

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

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.
Broad decline on the stock exchange – red among major companies
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