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Volvo Expands US Production Amid Tariff Changes
Business News

Volvo Expands US Production Amid Tariff Changes

President Donald Trump's demands are now making Volvo Cars expand its production in the USA. In the coming years, an additional model will be manufactured in the USA, the car manufacturer announces
Preem Ends Sponsorship with Vasaloppet Amid Criticism
Sports News

Preem Ends Sponsorship with Vasaloppet Amid Criticism

The fuel company Preem is stepping down as main sponsor for Vasaloppet when the current criticized agreement expires now in September.
Klarna's Valuation Tops 140 Billion Kronor Ahead of NYSE Debut
Business NewsTop News

Klarna's Valuation Tops 140 Billion Kronor Ahead of NYSE Debut

Klarna's introductory course on the New York stock exchange will be 40 dollars per share. This means a total valuation of Klarna of just over 15 billion dollars or approximately 142 billion kronor when the share is to start trading on Wednesday
Volvo Cars CEO Håkan Samuelsson Plans to Find Successor in Two Years
Business News

Volvo Cars CEO Håkan Samuelsson Plans to Find Successor in Two Years

Two years in the CEO position. Then it's definitely over for Håkan Samuelsson in Volvo Cars
Foreign Ownership Boosts Swedish Economy with Productivity Growth
Business News

Foreign Ownership Boosts Swedish Economy with Productivity Growth

Volvo Car Sales Drop 9% in August with Decline in Electric Models
Business News

Volvo Car Sales Drop 9% in August with Decline in Electric Models

Polestar Faces $739 Million Write-Down Amid US Tariffs and Weak Demand
Business News

Polestar Faces $739 Million Write-Down Amid US Tariffs and Weak Demand

The electric car manufacturer Polestar – with Volvo Cars as one of the major owners – is making a write-down of almost seven billion kronor for the model Polestar 3, citing increased US tariffs and weak demand for electric cars.
Klarna Heads to NY Stock Exchange but Swedish Small Investors Must Wait
Business NewsTop News

Klarna Heads to NY Stock Exchange but Swedish Small Investors Must Wait

Payment service giant Klarna is on its way to the New York stock exchange. But Swedish small investors cannot count on being able to get on the train ahead of time
Tesla's Decline in Swedish Market Persists as Volvo Leads
Business News

Tesla's Decline in Swedish Market Persists as Volvo Leads

Tesla's collapse on the Swedish car market continues, while Volvo Cars consolidates its position as the first choice among Swedish car buyers, show August figures from Mobility Sweden. In total, the number of newly registered passenger cars increased to 20,168 during the month, an increase of 6 percent on an annual basis
Volvo Cars Torslanda Factory Halts Production Due to Material Shortage
Business News

Volvo Cars Torslanda Factory Halts Production Due to Material Shortage

Production at the Volvo Cars factory in Torslanda has come to a standstill due to a shortage of materials, reports Göteborgs-Posten.
Volvo Cars Sales Drop 14 Percent in July
Business News

Volvo Cars Sales Drop 14 Percent in July

Stockholm Stock Exchange Rises as Week Begins with Gains
Business News

Stockholm Stock Exchange Rises as Week Begins with Gains

After three trading days in decline, the Stockholm stock exchange started the week with increases. At the close, the broad OMXS index was up 0,7 percent
EU Car Sales Drop in June; Tesla Sees Significant Decline
Business News

EU Car Sales Drop in June; Tesla Sees Significant Decline

New car registrations in the EU fell by 7. 3 percent in June this year compared to the same month last year, according to statistics from the industry organization ACEA
Stockholm Stock Exchange Surges 1.5 Percent Amid Strong Company Reports
Business News

Stockholm Stock Exchange Surges 1.5 Percent Amid Strong Company Reports

The Stockholm stock exchange's broad OMXS index climbed 1. 5 percent on Thursday
Volvo CEO Assures Gothenburg Factory Stability Amid US Production Shift
Business News

Volvo CEO Assures Gothenburg Factory Stability Amid US Production Shift

Volvo Cars reports a loss in the second quarter after a massive write-down. At the same time as the company is implementing major cost savings and moving production to the USA, CEO Håkan Samuelsson says there is no reason to worry about the factory in Torslanda
Volvo Cars to Shift XC60 Production to USA by 2026
Business News

Volvo Cars to Shift XC60 Production to USA by 2026

Volvo Cars will begin building its bestseller XC60 in the USA, the company writes in a press release.
Volvo Cars Stock Rebounds on Stockholm Exchange Before Interim Report
Business News

Volvo Cars Stock Rebounds on Stockholm Exchange Before Interim Report

Despite Monday's large one-time write-down, Volvo Cars is rising on the Stockholm stock exchange ahead of Thursday's interim report. Looking ahead a bit, one can probably say that the conditions should be quite good, says Handelsbanken's automotive analyst Hampus Engellau
Stockholm Stock Exchange Dips but Closes Slightly Up
Business News

Stockholm Stock Exchange Dips but Closes Slightly Up

After having been more substantially on the plus side for large parts of the trading day, the Stockholm stock exchange fell downwards but the OMXS index still closed at a plus of 0. 1 percent
Volvo Cars Announces 11 Billion Kronor Write-Down Amid Market Challenges
Business News

Volvo Cars Announces 11 Billion Kronor Write-Down Amid Market Challenges

Volvo Cars is making a one-time write-down of 11. 4 billion kronor, the company announces in a press release
Stockholm Stock Market Drops After Trump's Tariff Announcement
Business News

Stockholm Stock Market Drops After Trump's Tariff Announcement

The weekend's tariff game from President Donald Trump made the Stockholm stock exchange back down. The OMXS index had fallen by 0
Volvo Cars' Global Sales Drop 12 Percent in June 2025
Business News

Volvo Cars' Global Sales Drop 12 Percent in June 2025

Tesla and Volvo Face Decline in EU Car Registrations
Business News

Tesla and Volvo Face Decline in EU Car Registrations

It points weakly upwards for new registrations of passenger cars in the EU, according to monthly figures from the industry organization Acea. But for the American electric car manufacturer Tesla, it goes steeply downhill
Volvo Recalls Thousands of Cars in Sweden for Brake Software Issue
Business News

Volvo Recalls Thousands of Cars in Sweden for Brake Software Issue

Volvo Cars Sales Decline 12% in May with Electric Models Down 20%
Business News

Volvo Cars Sales Decline 12% in May with Electric Models Down 20%

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