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Tesla EU Sales Drop by Half in April 2023

The number of sold Tesla cars decreased significantly in the EU in April, new figures show. But overall, electric car sales.
Tesla EU Sales Drop by Half in April 2023

Volvo Cars Cuts 3,000 Jobs Amid Global Restructuring

One of Sweden's most well-known companies – Volvo Cars – is cutting back with 3,000 jobs. The notice is one of the largest in the company's history.
Volvo Cars Cuts 3,000 Jobs Amid Global Restructuring

Polestar Reports Reduced Losses in First Quarter 2023

The Gothenburg-based electric car maker Polestar shows a net loss of 190 million dollars (approximately 1. 9 billion kronor) for the first quarter of the year.
Polestar Reports Reduced Losses in First Quarter 2023

Geely to Acquire Full Ownership of Zeekr in $6.4 Billion Deal

Volvo Cars owner, Chinese Geely, is on its way to make a bid on Zeekr. Geely is already a major shareholder but now wants to buy out the company from the stock exchange and place the electric car manufacturer in the joint company Geely Automobile Holding controlled by Li Shufu.
Geely to Acquire Full Ownership of Zeekr in $6.4 Billion Deal

Novo Energy Cuts 50 Percent of Workforce at Volvo Battery Plant

Novo Energy, which operates the battery factory at Volvo Cars, is laying off half of its staff. The company announced this in a press release.
Novo Energy Cuts 50 Percent of Workforce at Volvo Battery Plant

Volvo Cars Sales Decline 11 Percent in April

Volvo Cars fell by eleven percent in April to 58,881 cars compared to the same month last year. The sales of fully electrified cars plummeted by 32 percent to 11,697, according to a press release.
Volvo Cars Sales Decline 11 Percent in April

Stock Market Stagnates as Workshop Companies Face Declines

The Stockholm stock exchange began the trading week downward, but the broad OMXS index recovered on Monday afternoon and closed unchanged. .
Stock Market Stagnates as Workshop Companies Face Declines

Factory Giants Drag Down Stockholm Stock Exchange

The Stockholm stock exchange's broad OMXS index fell 0. 4 per cent on Tuesday, weighed down by declines in engineering companies whose results did not meet the forecasts.
Factory Giants Drag Down Stockholm Stock Exchange

Volvo Union Reports Growing Anxiety Amid Staff Reduction Plans

It has been a turbulent spring for the automotive industry. Now, the anxiety is increasing even more after the announcement of staff reductions, notes Adrian Avdullahu, chairman of the IF Metall club at Volvo Cars.
Volvo Union Reports Growing Anxiety Amid Staff Reduction Plans

Volvo Cars Announces Major Job Cuts in Gothenburg Amid Cost-Saving Efforts

The car manufacturer Volvo Cars is to save billions. The company is now announcing major staff cuts.
Volvo Cars Announces Major Job Cuts in Gothenburg Amid Cost-Saving Efforts

Few Clear Losers in Swedish Companies' Report Season So Far

Two weeks of report flood have so far not revealed any clear losers among Swedish listed companies. The order intake has actually been quite good in many cases.
Few Clear Losers in Swedish Companies' Report Season So Far

Swedish Exporters Face Uncertainty Amid Trump's Tariff Impact

The stronger krona is expected to have hit hard against Swedish export companies during the first quarter. But what is waiting around the corner is more unclear than in a long time after Trump's tariff shock.
Swedish Exporters Face Uncertainty Amid Trump's Tariff Impact

Busch Urges Swedish Firms to Stay Local Amid US Trade Uncertainty

Minister for Business Ebba Busch (CD) warns Swedish companies against moving operations to the USA to avoid tariffs. .
Busch Urges Swedish Firms to Stay Local Amid US Trade Uncertainty

Volvo's Shift to Electric Cars Faces Scrutiny as Diesel Demand Persists

Pressed Volvo Cars may have chosen the wrong path. That assessment makes Aktiespararna.
Volvo's Shift to Electric Cars Faces Scrutiny as Diesel Demand Persists

Volvo Cars Boosts US Production in Response to Trump's Tariffs

Volvo Cars is forced to adapt to President Donald Trump's 25-percent tariffs on car imports to the USA. The solution: More production in the USA.
Volvo Cars Boosts US Production in Response to Trump's Tariffs

Volvo Cars Sees 10 Percent Drop in March Sales, Electric Models Hit Hard

Volvo Cars is facing headwinds on the market. Sales fell by 10 percent in March this year compared to last year.
Volvo Cars Sees 10 Percent Drop in March Sales, Electric Models Hit Hard

Stockholm Stocks Slide as Tariff Concerns Hit Major Companies

The Stockholm Stock Exchange fell ahead of Wednesday evening's expected tariff announcement from US President Donald Trump. Among the heavyweights, not least the defense conglomerate Saab and medical technology company Getinge lost value.
Stockholm Stocks Slide as Tariff Concerns Hit Major Companies

Volvo and Major Automakers Fined 458 Million Euros for Cartel Involvement

The EU has imposed fines totaling 458 million euros, equivalent to approximately 4. 9 billion kronor, on 15 vehicle manufacturers and the industry's employer organization (ACEA) for participating in a cartel.
Volvo and Major Automakers Fined 458 Million Euros for Cartel Involvement

Trump's Global Car Tariffs Begin as Broader Trade Measures Loom

On Thursday, Donald Trump's car tariffs come into force globally. But before that, announcements about new comprehensive tariffs may come.
Trump's Global Car Tariffs Begin as Broader Trade Measures Loom

EU Stands Firm Against Trump's Tariff Threats, Says Swedish Minister

The American "Liberation Day" is approaching, according to Donald Trump. But the EU will not back down in the face of the president's tariff threats, claims Elisabeth Svantesson (The Moderate Party).
EU Stands Firm Against Trump's Tariff Threats, Says Swedish Minister

Stockholm Stock Exchange Drops as Trump's Tariff Plans Rattle Markets

The Stockholm Stock Exchange ended the first quarter with a sharp decline. The broad OMXS index fell 1.
Stockholm Stock Exchange Drops as Trump's Tariff Plans Rattle Markets

Håkan Samuelsson Returns as Volvo Cars CEO to Drive Electric Future

Håkan Samuelsson returns to Volvo Cars and becomes the new CEO and group CEO. Jim Rowan is leaving both the CEO position and the car manufacturer's board of directors as early as Monday after three years in the position.
Håkan Samuelsson Returns as Volvo Cars CEO to Drive Electric Future

Trump's Tariff Plan Could Drive Up Car Costs, Impact US Market

A blow to the USA's car market where consumers will have to pay an extra cost of tens of thousands of kronor. This will be the consequence of President Donald Trump's latest tariff gamble, assesses automotive analyst Hampus Engellau.
Trump's Tariff Plan Could Drive Up Car Costs, Impact US Market

European Car Stocks Drop After US Tariff Announcement

European car shares fall on Thursday after Donald Trump's announcement about car tariffs. The US President's tariffs of 25 percent target all cars not produced in the country, and hit car companies worldwide.
European Car Stocks Drop After US Tariff Announcement
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