Better profitability and growth in the service business lifted the seasonally weak third quarter for bus and truck manufacturer Scania. “This is one of the best third quarters we’ve ever had,” CEO Christian Levin tells TT. And Scania’s boss is not worried about increasingly tough competition from China.
CarsThe Stockholm Stock Exchange closed slightly higher ahead of the US Federal Reserve’s interest rate announcement. The OMXS index was up 0.3 percent at the close.
BusinessTruck manufacturer Scania is accelerating its plans to produce electric trucks at a new factory in Rugao, China. The decision comes as diesel prices hit record highs.
CarsScania delivered 22,100 vehicles in the third quarter, according to a company report. That was a 3 percent increase compared with the same period last year.
CarsThe crisis in the German automotive industry is becoming increasingly clear. It may, to some extent, spill over to Swedish suppliers, according to Peter Bryntesson, CEO of the industry organization FKG.
BusinessTruck manufacturer Scania took orders for 28,743 vehicles in the second quarter, a 41 percent increase compared with the corresponding quarter last year. And unlike passenger car manufacturers, Scania is not being squeezed by Chinese competition. They have not kept up, CEO Christian Levin tells TT.
CarsThe Stockholm Stock Exchange fell on Thursday. Prices were pressured by the growing global AI boom and concerns about the effects of the oil price surge due to developments in the Middle East.
BusinessIt is unclear whether the Södertälje-based truck manufacturer Scania will be affected by owner Volkswagen's large savings package, which was presented on Thursday.
Cars
