TV4 broadcast a recorded greeting from Zlatan Ibrahimovic to the Swedish men’s national team ahead of their World Cup match against the Netherlands. The channel is now being sued by the Review Board for “undue commercial benefit.”
FootballThe SD-affiliated media channel Riks may lose millions in party support. “Sometimes the suit gets bigger and sometimes you manage to slim down a little. That’s life,” says Riks CEO Jacob Hagnell.
Swedish politicsProfit growth at European listed companies is forecast to reach 23 percent in the third quarter, approaching the level at US companies. Analysts at MSCI Europe forecast 24 percent growth in profits at S&P 500 companies on Wall Street.
BusinessEuropean carmakers, with Volvo Cars particularly hard hit, have been struggling. Donald Trump's tariffs, Chinese competition and production disruptions are behind Volvo's collapse. The future still looks quite bright, Handelsbanken automotive analyst Hampus Engellau tells TT.
CarsFutures on IG Markets are trading slightly lower ahead of the last trading day of the week on the Stockholm Stock Exchange. Futures on leading European exchanges are showing a similar trend.
BusinessTruck maker AB Volvo reports adjusted operating profit of SEK 14.7 billion for the third quarter. “It has been a strong quarter for the Volvo Group,” CEO Martin Lundstedt tells TT.
CarsThe Volvo Group is creating a new unit, Volvo Mining, to strengthen its position in the mining equipment market, the bus and truck manufacturer said in a press release. It is scheduled to be operational by the end of the year.
BusinessVolvo is building more Nvidia technology into its cars. The goal is once again to develop self-driving cars, but Volvo’s data is also intended to make Nvidia’s driving system safer. “The collaboration with Volvo is a huge opportunity for us because no company is more rigorous when it comes to driver safety than Volvo,” says Nvidia CEO Jensen Huang.
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