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Tesla Sales Plummet 80 Percent in April Amid Market Recovery
Business News

Tesla Sales Plummet 80 Percent in April Amid Market Recovery

The car market is recovering. But for electric car manufacturer Tesla, a giant dip is noted in April
Few Clear Losers in Swedish Companies' Report Season So Far
Business News

Few Clear Losers in Swedish Companies' Report Season So Far

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
Volkswagen Considers Shifting Audi Production to U.S. to Avoid Tariffs
Business News

Volkswagen Considers Shifting Audi Production to U.S. to Avoid Tariffs

Volkswagen is considering moving part of the production of its luxury brand Audi to the USA to avoid Trump's tariffs.
Volvo and Major Automakers Fined 458 Million Euros for Cartel Involvement
Business News

Volvo and Major Automakers Fined 458 Million Euros for Cartel Involvement

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
Trump's Global Car Tariffs Begin as Broader Trade Measures Loom
Business News

Trump's Global Car Tariffs Begin as Broader Trade Measures Loom

On Thursday, Donald Trump's car tariffs come into force globally. But before that, announcements about new comprehensive tariffs may come
European Car Stocks Drop After US Tariff Announcement
Business News

European Car Stocks Drop After US Tariff Announcement

US Tariffs Trigger Global Stock Market Dip; Volvo and Banks Hit Hard
Business News

US Tariffs Trigger Global Stock Market Dip; Volvo and Banks Hit Hard

The Stockholm stock exchange followed the trend around the world and fell on Thursday. The broad OMXS index dropped 1
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
Volkswagen's Setback - Reporting Reduced Profit
Business News

Volkswagen's Setback - Reporting Reduced Profit

Every third stolen car is not found
Sweden News

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
Crisis meetings in Brussels on the automotive industry
Business News

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.
Volkswagen wants to sell large stake in Traton
Business News

Volkswagen wants to sell large stake in Traton

German economy continues to shrink
Business News

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
The meeting may mark the beginning of the end for Northvolt
Business NewsTop News

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
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
Northvolt owners summoned to meeting about the future
Business News

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
Volkswagen to cut 35,000 jobs in Germany
Business News

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
Second wave of major strike awaits Volkswagen
Business News

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.
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).
Heavy pressure downward on car stocks
Business News

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
Metal Workers Union Forces VW with Major Strike
Business News

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"
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
Volkswagen leaves Chinese province
Business News

Volkswagen leaves Chinese province

Rivian gets giant loan for new electric car factory
Business News

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
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