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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
Major Shareholders Expect a Northvolt Shock
Business NewsTop News

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
He still believes in the German Northvolt factory
Business News

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
The VW Union Takes a Stand Against Factory Closures
Business News

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
VW: In close contact with Northvolt
Business News

VW: In close contact with Northvolt

Northvolt in crisis - "Dialogue is ongoing"
Business NewsTop News

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 sells factory in California
Business News

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
Largest Owner Leaves Northvolt's Board
Business News

Largest Owner Leaves Northvolt's Board

Volkswagen wants to cut wages by ten percent
Business News

Volkswagen wants to cut wages by ten percent

Significantly reduced profit for Volkswagen
Business News

Significantly reduced profit for Volkswagen

The Trade Union: Volkswagen Wants to Close Several Factories
Business News

The Trade Union: Volkswagen Wants to Close Several Factories

Volkswagen is planning to close at least three factories in Germany, according to the car group's union.
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
Europe's Engine Stutters – This Is How It Affects Sweden
Business News

Europe's Engine Stutters – This Is How It Affects Sweden

It is Sweden's most important trading partner and an economic engine for Europe. But Germany's economy is stagnant – which increases the risks for Swedish industry
Northvolt source: 150 million euros secured
Business NewsTop News

Northvolt source: 150 million euros secured

Crisis-ridden Northvolt is holding talks with lenders and investors to raise 200 million euros, approximately 2. 3 billion Swedish kronor, according to several media outlets citing the news agency Reuters
Northvolt CEO: Will pay 287 million kronor according to plan
Business NewsTop News

Northvolt CEO: Will pay 287 million kronor according to plan

On Monday, Northvolt must pay a tax debt of 287 million kronor. The alternatives are bankruptcy, reconstruction – or personal payment liability for the board
EU Says Yes to Car Tariffs - Sweden Wants Exemption
Business NewsTop News

EU Says Yes to Car Tariffs - Sweden Wants Exemption

EU countries say yes to permanent tariffs on electric cars from China. Sweden abstained and hopes for a special solution for Volvo
BMW does not want to invest more in Northvolt
Business News

BMW does not want to invest more in Northvolt

The Car Crisis is "Challenging" for Swedish Companies
Business News

The Car Crisis is "Challenging" for Swedish Companies

The crisis among car giants risks hitting Swedish subcontractors. The industry organization FKG warns of a bleak 2025
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