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Why Volvo Cars’ share price has plunged: Tariffs, Chinese competition and production problems combine in ‘incredibly unfortunate’ timing
Business News

Why Volvo Cars’ share price has plunged: Tariffs, Chinese competition and production problems combine in ‘incredibly unfortunate’ timing

European carmakers, with Volvo Cars particularly hard hit, have been struggling. Donald Trump's tariffs, Chinese competition and production disruptions are behind Volvo's collapse
Stock Market Set to Open Lower as Investors Assess Quarterly Reports
Business News

Stock Market Set to Open Lower as Investors Assess Quarterly Reports

Futures 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
Volvo reports strong third-quarter profit as truck orders rise 26%
Business News

Volvo reports strong third-quarter profit as truck orders rise 26%

Truck maker AB Volvo reports adjusted operating profit of SEK 14. 7 billion for the third quarter
Volvo Group to launch new mining equipment unit by year-end
Business News

Volvo Group to launch new mining equipment unit by year-end

The 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
Volvo Deepens Nvidia Partnership to Advance Self-Driving Technology
Business News

Volvo Deepens Nvidia Partnership to Advance Self-Driving Technology

Volvo 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
Volvo Recalls 234,000 EX30 Electric Cars Over Headrest Safety Risk
Business News

Volvo Recalls 234,000 EX30 Electric Cars Over Headrest Safety Risk

Volvo Cars is recalling 234,000 EX30 electric cars worldwide. Around 15,000 car owners in Sweden are affected, according to the automotive website Carup
Stockholm stock market falls as oil prices rise again
Business News

Stockholm stock market falls as oil prices rise again

The Stockholm Stock Exchange ended lower as the oil price has started to tick up again.
Stockholm Stock Exchange rises as oil prices fall
Business News

Stockholm Stock Exchange rises as oil prices fall

The Stockholm Stock Exchange ended the first trading day of the week in positive territory. At the close, the broad OMXS index had risen 1
Volvo to build battery storage facility in Mariestad
Business News

Volvo to build battery storage facility in Mariestad

Truck giant AB Volvo is investing in a battery storage facility in Mariestad.
Stockholm Stock Exchange falls for 10th straight day, but strategist says decline is just a pyspunka
Business News

Stockholm Stock Exchange falls for 10th straight day, but strategist says decline is just a pyspunka

The Stockholm Stock Exchange has now fallen for ten days in a row. Time for drama and worry? Not at all, says Mattias Isakson, chief strategist at Swedbank
Stockholm Stock Exchange ends Friday slightly lower near weekly highs
Business News

Stockholm Stock Exchange ends Friday slightly lower near weekly highs

The Stockholm Stock Exchange, which was trading not far from this week’s record levels, ended Friday with a slight decline.
Volvo Cars sales fall 4% as China slows, Europe stays stable
Business News

Volvo Cars sales fall 4% as China slows, Europe stays stable

Volvo Cars' global sales decreased by 4 percent during the period May-July compared with the same period last year.
Chinese electric cars lag in Sweden as tax rules weigh on sales
Business NewsTop News

Chinese electric cars lag in Sweden as tax rules weigh on sales

Chinese car brands are gaining market share in Europe, but sales in Sweden are sluggish. Sweden’s tax on plug-in hybrids is one reason, according to Tomas Ernberg, CEO of the Chinese car brand MG in Sweden
Muted trading on the Stockholm Stock Exchange as Volvo rises and Storytel jumps 16%
Business News

Muted trading on the Stockholm Stock Exchange as Volvo rises and Storytel jumps 16%

The Stockholm Stock Exchange remained subdued on Tuesday. At the close, the OMXS index was up 0
German auto crisis could spill over to Swedish suppliers
Business News

German auto crisis could spill over to Swedish suppliers

The crisis in the German automotive industry is becoming increasingly clear. It may, to some extent, spill over to Swedish suppliers, according to Peter Bryntesson, CEO of the industry organization FKG
Volvo posts strong Q2 orders and profit as Lundstedt signals steady outlook
Business NewsTop News

Volvo posts strong Q2 orders and profit as Lundstedt signals steady outlook

Truck manufacturer AB Volvo reports strong order intake in the second quarter and a profit that exceeds analysts' expectations. Calm and robust going forward, summarizes CEO Martin Lundstedt
Volvo Cars shares plunge after weaker-than-expected second-quarter results
Business NewsTop News

Volvo Cars shares plunge after weaker-than-expected second-quarter results

Car manufacturer Volvo Cars reports unexpectedly weak results for the second quarter. The stock is plunging on the Stockholm Stock Exchange
Homeworkers forced back to office, union warns employers risk shooting themselves in the foot
Business NewsTop News

Homeworkers forced back to office, union warns employers risk shooting themselves in the foot

The trend has reversed. Now many employers want white-collar workers back in the office
Volvo recalls 64,000 plug-in hybrid cars over fire risk
Business News

Volvo recalls 64,000 plug-in hybrid cars over fire risk

Volvo Cars is recalling 64,000 plug-in hybrid vehicles due to a fire risk, reports Carup.
Trucking industry: Cost inflation is gradually rising
Business News

Trucking industry: Cost inflation is gradually rising

The business situation is stable, but cost inflation is gradually rising, according to truck manufacturer AB Volvo. The company's shares initially rose slightly after the announcement, but by 1:30 p
Stock market closes in the red after Trump's statement
Business News

Stock market closes in the red after Trump's statement

The Stockholm Stock Exchange opened strongly but closed in the red after U. S
Stockholm Stock Exchange falls heavily after Iran delegation breaks off contact with U.S.
Business News

Stockholm Stock Exchange falls heavily after Iran delegation breaks off contact with U.S.

The announcement that Iran's negotiating delegation had broken off contact with the U. S
Used Volvo XC40 Recharge most popular for electric car premium
Business NewsTop News

Used Volvo XC40 Recharge most popular for electric car premium

Swedes who have received the new electric car premium have chosen the Nissan Leaf and Renault Zoe over Tesla. But the most popular is the Volvo XC40 Recharge
Volvo Trucks enters billion-dollar settlement with California Air Resources Board
Business News

Volvo Trucks enters billion-dollar settlement with California Air Resources Board

Truck manufacturer Volvo has settled with a California environmental agency. The settlement will cost Volvo approximately SEK 1
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