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Every third stolen car is not found

Fewer cars were reported stolen in 2024. But nearly every third car was never found, according to statistics from Larmtjänst.

Every third stolen car is not found

Crisis meetings in Brussels on the automotive industry

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. .

Crisis meetings in Brussels on the automotive industry

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

German economy continues to shrink

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.

German economy continues to shrink

The meeting may mark the beginning of the end for Northvolt

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.

The meeting may mark the beginning of the end for Northvolt

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

Northvolt owners summoned to meeting about the future

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.

Northvolt owners summoned to meeting about the future

Volkswagen to cut 35,000 jobs in Germany

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.

Volkswagen to cut 35,000 jobs in Germany

Second wave of major strike awaits Volkswagen

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. .

Second wave of major strike awaits Volkswagen

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

Heavy pressure downward on car stocks

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.

Heavy pressure downward on car stocks

Metal Workers Union Forces VW with Major Strike

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".

Metal Workers Union Forces VW with Major Strike

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

Volkswagen leaves Chinese province

German Volkswagen announces that it will sell its operations in the Chinese province of Xinjiang after allegations of forced labor within the company's operations in the region. The company has been pressured, among other things, from the American side for its presence in Xinjiang, where no car manufacturing takes place, but rather final inspection of vehicles intended for sale.

Volkswagen leaves Chinese province

Rivian gets giant loan for new electric car factory

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.

Rivian gets giant loan for new electric car factory

Major Shareholders Expect a Northvolt Shock

Northvolt's major shareholders are expecting a significant blow in the reconstruction that the crisis-stricken battery manufacturer wants to implement. The largest owner, German Volkswagen (VW), has written down most of the value of its holding, reports Reuters citing sources.

Major Shareholders Expect a Northvolt Shock

He still believes in the German Northvolt factory

Germany's Minister of Economy and Vice Chancellor Robert Habeck is "cautiously optimistic" about crisis-stricken Northvolt's plans for a factory in Germany. Northvolt's problems must be taken seriously, but they are technically possible to solve, according to Habeck.

He still believes in the German Northvolt factory

The VW Union Takes a Stand Against Factory Closures

Trade union leaders at German Volkswagen (VW) are proposing new cost-cutting measures of 1. 5 billion euros (equivalent to 17.

The VW Union Takes a Stand Against Factory Closures

VW: In close contact with Northvolt

Volkswagen (VW) is as a major customer in close contact with the crisis-stricken Swedish battery manufacturer Northvolt, according to a spokesperson for the German automotive group. The spokesperson adds that VW from that perspective supports the industrial investment in increased production in existing facilities in Skellefteå.

VW: In close contact with Northvolt

Northvolt in crisis - "Dialogue is ongoing"

The crisis-stricken battery manufacturer Northvolt is considering applying for bankruptcy protection or bankruptcy, according to several media outlets citing sources. "The dialogue about future financing is ongoing," writes the company's press spokesperson Erik Zsiga to TT about the reports.

Northvolt in crisis - "Dialogue is ongoing"

Northvolt sells factory in California

The battery manufacturer Northvolt is selling a factory facility in San Leandro, California, to the American battery company Lyten. No price tag has been disclosed by Northvolt, whose hunt for new billions to address short- and long-term challenges continues.

Northvolt sells factory in California

Largest Owner Leaves Northvolt's Board

The largest owner Volkswagen's representative is leaving Northvolt's board, writes Dagens industri. The Companies Registration Office confirms the information to Di, that VW's investment chief Sven Fuhrmann has requested to leave the crisis-stricken battery company.

Largest Owner Leaves Northvolt's Board

Volkswagen wants to cut wages by ten percent

Germany's largest car manufacturer Volkswagen confirms that the company is demanding a 10 percent wage reduction in negotiations with the union. The crisis-stricken corporation estimates that at least three factories in Germany must be closed and layoffs are to be expected.

Volkswagen wants to cut wages by ten percent

Significantly reduced profit for Volkswagen

The German automotive giant Volkswagen's profitability sank to its lowest level since the pandemic, according to its report for the third quarter. The car giant reports an operating profit of 2.

Significantly reduced profit for Volkswagen