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

Stockholm Stock Exchange Closes Week with Gains Led by Hexagon

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

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

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

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

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

Stockholm Exchange Sees Slight Gains Amid Mixed European Markets
Business News

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
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
Volvo soared and SEB plummeted
Business News

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
Business News

Volkswagen wants to sell large stake in Traton

Increased sales for Scania
Business News

Increased sales for Scania

Another fateful day for Northvolt
Business NewsTop News

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
Business News

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
Business News

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
Business News

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
Business News

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
Business News

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
Business News

Scania owner: Unexpectedly strong quarter

The truck manufacturer Scania's owner Traton exceeds market expectations for operating result and cash flow, reports Dagens industri.
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