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Down on the stock exchange – tough for Volvo Cars
Business News

Down on the stock exchange – tough for Volvo Cars

The Stockholm Stock Exchange started the week with falling prices. Among the losers, Volvo Cars stood out, which retreated after new profit warnings from the industry
After the Giant's Profit Warning - More to Come
Business News

After the Giant's Profit Warning - More to Come

For the second time this year, car giant Volkswagen is forced to issue a profit warning. More similar announcements are to be expected for a crisis-stricken German car industry, according to an analyst
Volkswagen issues profit warning
Business News

Volkswagen issues profit warning

Northvolt owner: The situation is serious
Business NewsTop News

Northvolt owner: The situation is serious

The battery manufacturer Northvolt's cash reserves need to be replenished. Major lenders are meeting today to discuss a new lifeline, according to the news agency Bloomberg
Northvolt: "Tried to do too much at the same time"
Business News

Northvolt: "Tried to do too much at the same time"

Northvolt has invested in several new factories at the same time. It may have become too much to handle, according to Hampus Engellau, automotive analyst at Handelsbanken
Northvolt lays off – 1,600 forced to leave
Business NewsTop News

Northvolt lays off – 1,600 forced to leave

1,600 people will be leaving the crisis-stricken battery manufacturer Northvolt. This concerns 1,000 employees in Skellefteå, 400 in Västerås, and 200 in Stockholm
Volvo's CEO Martin Lundstedt: "Europe must take action"
Business News

Volvo's CEO Martin Lundstedt: "Europe must take action"

Europe has fallen behind the USA and Asia. This is one of the reasons why the sales of both electric cars and electric trucks have stalled, believes AB Volvo's CEO Martin Lundstedt
Crisis meeting about the pressured automotive industry in Germany
Business News

Crisis meeting about the pressured automotive industry in Germany

The government in Germany has called an emergency meeting due to the increasingly pressured automotive industry in the country. Ahead of the meeting, however, the governing parties are divided on what to do
The Crisis for Electric Cars - "Rather an Adjustment"
Business News

The Crisis for Electric Cars - "Rather an Adjustment"

Declining sales, halted investments, scrapped targets, lowered forecasts, and cutbacks. The electric car industry in Europe is facing headwinds
German Minister Robert Habeck Considers Support for the Car Industry
Business News

German Minister Robert Habeck Considers Support for the Car Industry

Germany's Minister of Economy Robert Habeck says that support measures for the German car industry may become relevant, in connection with a visit to an electric car factory in northwestern Germany. The statement is made ahead of a meeting with the top executives of the German car manufacturers on Monday
Share price fall for Mercedes after profit warning
Business News

Share price fall for Mercedes after profit warning

The German car manufacturer Mercedes' share falls hard – down by almost 8 percent on the Frankfurt Stock Exchange. The share price fall comes after the German car manufacturer on Thursday lowered its profit forecast for 2024
Setback for Electric Car Demand in Europe
Business News

Setback for Electric Car Demand in Europe

Battery-powered electric cars are booming in new car sales in the EU, fresh figures show. The industry organization ACEA is sounding the alarm and demanding that the EU scraps tightened emission regulations and reconsiders the phase-out of fossil-fuelled cars
VW to close car factory in China by 2025
Business News

VW to close car factory in China by 2025

Northvolt receives support from Volkswagen
Business News

Northvolt receives support from Volkswagen

Volkswagen terminates agreement with trade unions
Business News

Volkswagen terminates agreement with trade unions

The Union at Northvolt: "Very strained situation"
Business NewsTop News

The Union at Northvolt: "Very strained situation"

The situation is strained and acute. This is the picture presented by the management to the trade union at crisis-ridden Northvolt
Slow going for German industry
Business News

Slow going for German industry

Volkswagen considers closing German factories
Business News

Volkswagen considers closing German factories

Decreased Sales for Volkswagen
Business News

Decreased Sales for Volkswagen

The German vehicle manufacturer Volkswagen reports a decreased sales during the second quarter. The number of delivered vehicles was 2
Volkswagen makes billion-dollar investment in electric car company
Business News

Volkswagen makes billion-dollar investment in electric car company

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