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Tesla Sales Plummet 80 Percent in April Amid Market Recovery
2 MIN READ
The car market is recovering. But for electric car manufacturer Tesla, a giant dip is noted in April
Business News
Few Clear Losers in Swedish Companies' Report Season So Far
3 MIN READ
Two weeks of report flood have so far not revealed any clear losers among Swedish listed companies. The order intake has actually been quite good in many cases
Business News
Volkswagen Considers Shifting Audi Production to U.S. to Avoid Tariffs
1 MIN READ
Volkswagen is considering moving part of the production of its luxury brand Audi to the USA to avoid Trump's tariffs.
Business News
Volvo and Major Automakers Fined 458 Million Euros for Cartel Involvement
1 MIN READ
The EU has imposed fines totaling 458 million euros, equivalent to approximately 4. 9 billion kronor, on 15 vehicle manufacturers and the industry's employer organization (ACEA) for participating in a cartel
Business News
Trump's Global Car Tariffs Begin as Broader Trade Measures Loom
3 MIN READ
On Thursday, Donald Trump's car tariffs come into force globally. But before that, announcements about new comprehensive tariffs may come
Business News
European Car Stocks Drop After US Tariff Announcement
1 MIN READ
Business News
US Tariffs Trigger Global Stock Market Dip; Volvo and Banks Hit Hard
1 MIN READ
The Stockholm stock exchange followed the trend around the world and fell on Thursday. The broad OMXS index dropped 1
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
Business News
Volkswagen's Setback - Reporting Reduced Profit
1 MIN READ
Sweden News
Every third stolen car is not found
1 MIN READ
Fewer cars were reported stolen in 2024. But nearly every third car was never found, according to statistics from Larmtjänst
Business News
Crisis meetings in Brussels on the automotive industry
1 MIN READ
What is required to guarantee a "robust and sustainable" automotive industry? The question is being asked in Brussels where crisis meetings are to lead to an action plan as early as March.
Business News
Volkswagen wants to sell large stake in Traton
1 MIN READ
Business News
German economy continues to shrink
2 MIN READ
The EU's economic engine, the German economy, contracted for the second year in a row in 2024, according to the country's statistics agency Destatis. And no major recovery for the export-dependent economy is expected to come in 2025
Business News
Top News
The meeting may mark the beginning of the end for Northvolt
3 MIN READ
After a 2024 marked by skyrocketing losses, production problems, massive layoffs, and bankruptcy protection, the owner of the battery manufacturer Northvolt will now have their say. An extraordinary general meeting will decide today whether it's time to give up the attempts to save the company
Business News
Top 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
Business News
Northvolt owners summoned to meeting about the future
2 MIN READ
The crisis-stricken battery manufacturer Northvolt has called its owners to an extraordinary general meeting. At the meeting, which is to take place on January 8, 2025, the owners will confirm that the operations will continue, according to Northvolt's press chief Erik Zsiga
Business News
Volkswagen to cut 35,000 jobs in Germany
2 MIN READ
Volkswagen has, after a long struggle, agreed with the unions on reduced production in factories in Germany to avoid closures and mass layoffs. According to the company, the workforce will simultaneously be radically reduced within five years
Business News
Second wave of major strike awaits Volkswagen
1 MIN READ
The already heavily pressured car group Volkswagen (VW) is facing a second wave of warning strikes that will be launched at nine factories in Germany on Monday.
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).
Business News
Heavy pressure downward on car stocks
1 MIN READ
Car manufacturers' shares are being heavily pressed down on European stock exchanges, also on the Stockholm Stock Exchange where Volvo Cars is falling by 2. 4 percent
Business News
Metal Workers Union Forces VW with Major Strike
2 MIN READ
The German car giant Volkswagen's plans for cutbacks are facing strong union resistance. Now, the powerful trade union IG Metall is calling for a "warning strike"
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
Business News
Volkswagen leaves Chinese province
1 MIN READ
Business News
Rivian gets giant loan for new electric car factory
1 MIN READ
The American electric vehicle manufacturer Rivian has received approval for a conditional loan of 6. 6 billion dollars (equivalent to 73 billion kronor) from a support program at the US Department of Energy
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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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