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He still believes in the German Northvolt factory

Germany's Minister of Economy and Vice Chancellor Robert Habeck is "cautiously optimistic" about crisis-stricken Northvolt's plans for a factory in Germany. Northvolt's problems must be taken seriously, but they are technically possible to solve, according to Habeck.

He still believes in the German Northvolt factory

Northvolt in crisis - "Dialogue is ongoing"

The crisis-stricken battery manufacturer Northvolt is considering applying for bankruptcy protection or bankruptcy, according to several media outlets citing sources. "The dialogue about future financing is ongoing," writes the company's press spokesperson Erik Zsiga to TT about the reports.

Northvolt in crisis - "Dialogue is ongoing"

Volvo Cars sells stake in Lynk for 8 billion

Volvo Cars is selling its 30-percent stake in car manufacturer Lynk. The buyer is Chinese Zeekr.

Volvo Cars sells stake in Lynk for 8 billion

The Stockholm Stock Exchange Cheered Up by Major Deals

The Stockholm Stock Exchange turned around a couple of days of gloominess and rose on Thursday. Among the winners, Volvo Cars and Embracer stand out after larger deals.

The Stockholm Stock Exchange Cheered Up by Major Deals

Volvo Cars closes car-sharing service

Volvo Cars is discontinuing the car-sharing service Volvo on demand. The service has been plagued by increased costs, which is why it is now being shut down, according to a press release from the car manufacturer.

Volvo Cars closes car-sharing service

Northvolt sells factory in California

The battery manufacturer Northvolt is selling a factory facility in San Leandro, California, to the American battery company Lyten. No price tag has been disclosed by Northvolt, whose hunt for new billions to address short- and long-term challenges continues.

Northvolt sells factory in California

Stock Market Rises – and New Bitcoin Record

The Stockholm Stock Exchange, like the larger European stock exchanges, began the week's trading with rising prices. The broad OMXS index rose 0.

Stock Market Rises – and New Bitcoin Record

Increased Sales for Volvo Cars

Volvo Cars sold over 61,600 cars globally in October – an increase of 3 percent compared to the same period last year. The increased sales are mainly due to a stronger demand for electric cars in Europe, the company writes in a press release.

Increased Sales for Volvo Cars

Volvo Cars wants to buy out Northvolt – breach of contract

Volvo Cars will exercise its right of redemption to oust crisis-stricken Northvolt from the jointly owned multi-billion project Novo Energy, according to the car manufacturer. This is because Northvolt has breached the shareholders' agreement.

Volvo Cars wants to buy out Northvolt – breach of contract

Volvo Cars: No Money to Northvolt

The car manufacturer Volvo Cars does not intend to participate in the financing that could save the crisis-stricken battery manufacturer Northvolt from bankruptcy, reports the news agency Bloomberg. Absolutely not, says Volvo Cars' CEO Jim Rowan.

Volvo Cars: No Money to Northvolt

Major Banks Soar on the Stock Exchange

It was a course rally in the major banks on Wednesday after strong quarterly reports, but the Stockholm Stock Exchange as a whole rose very moderately. The broad OMXS closed at plus 0.

Major Banks Soar on the Stock Exchange

Volvo Cars lowers its forecast - again

The electric car market is facing headwinds and Volvo Cars is lowering its sales forecast for the second time this year. But the electric car is still the future, believes CFO Johan Ekdahl.

Volvo Cars lowers its forecast - again

These are the risks on the stock market right now

It looks shaky ahead of the reporting season, which kicks off this week. The German automotive industry has set the tone with a series of profit warnings.

These are the risks on the stock market right now

Fear of China's Response: "Bad for Sweden"

The EU Commission's announcement to impose tariffs on Chinese electric cars has prompted China to threaten with its own tariffs on European export goods. The development worries Foreign Trade Minister Benjamin Dousa (M).

Fear of China's Response: "Bad for Sweden"

Stockholm Stock Exchange Turned Upward

The Stockholm stock exchange recovered after the morning's decline. At closing, the OMXS index stood at plus 0.

Stockholm Stock Exchange Turned Upward

More Expensive Electric Cars – but Unclear by How Much

Some fear a trade war with China when the EU introduces permanent tariffs on Chinese electric cars. How great an impact it will have on the European car market is difficult to say at present, says an analyst.

More Expensive Electric Cars – but Unclear by How Much

American job statistics boosted the stock market

Friday's message from the USA that the country's economy appears to be stronger than feared boosted the Stockholm Stock Exchange. The broad OMXS index closed up 0.

American job statistics boosted the stock market

Volvo Cars loses momentum

Volvo Cars' sales increased by one percent to 62,458 cars in September compared to the same month last year. Thus, the growth rate is slowing down as the car industry is currently facing tough times.

Volvo Cars loses momentum

Electrolux rises on calm stock market

The Stockholm stock exchange revolved around the zero line on Wednesday. The broad OMXS-index closed at plus 0.

Electrolux rises on calm stock market

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.

Down on the stock exchange – tough for Volvo Cars

German Expert: Electric Car Success Goes via China

It may take several years to turn the downward spiral for Europe's electric car industry, warns German industry guru Ferdinand Dudenhöffer. The road to success goes via China, according to the professor.

German Expert: Electric Car Success Goes via China

Northvolt: This is what has happened

On Monday, Northvolt laid off 1,600 of its employees in Sweden. Here is the background to the battery giant's crisis.

Northvolt: This is what has happened

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

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.

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