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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
BYD to Open Stockholm Showroom as Swedish Electric Car Market Gains Momentum
Business News

BYD to Open Stockholm Showroom as Swedish Electric Car Market Gains Momentum

The Chinese electric car giant BYD is making a splash in Europe, and in a few weeks, it will open a showroom in central Stockholm. But many Europeans are turning a blind eye
Polestar Sales Rise 1% in Third Quarter to Best-Ever Q3 Total
Business News

Polestar Sales Rise 1% in Third Quarter to Best-Ever Q3 Total

Gothenburg-based electric car manufacturer Polestar reports sales of 14,371 cars in the third quarter, up 1 percent from the same quarter last year.
Volvo Cars freezes white-collar hiring in most areas globally
Business News

Volvo Cars freezes white-collar hiring in most areas globally

Car manufacturer Volvo Cars has introduced a global hiring freeze for white-collar workers in most areas, reports Göteborgs-Posten and Dagens industri.
Volvo Cars appoints Klaus Zellmer as new CEO and president
Business News

Volvo Cars appoints Klaus Zellmer as new CEO and president

Klaus Zellmer has been appointed CEO and president of Volvo Cars, the company said in a press release. He will take office no later than Oct
Volvo Cars CEO Håkan Samuelsson to step down this spring
Business News

Volvo Cars CEO Håkan Samuelsson to step down this spring

He will leave this spring. His contract will expire then
Volvo Cars to launch 13 new models by 2030, including more low-slung cars
Business News

Volvo Cars to launch 13 new models by 2030, including more low-slung cars

Volvo Cars will launch 13 new car models by the end of 2030, the carmaker announced at a strategy day. These are completely new models, not just a facelift, says CEO Håkan Samuelsson
Polestar posts huge Q2 loss as US sales halt hits results
Business News

Polestar posts huge Q2 loss as US sales halt hits results

Electric car maker Polestar is bleeding financially. The company's loss in the second quarter is estimated at the equivalent of 4
Stockholm stock market rebounds as oil price nears $100 a barrel
Business News

Stockholm stock market rebounds as oil price nears $100 a barrel

After three days of declines, the Stockholm Stock Exchange has risen sharply. This comes as the price of oil is now approaching $100 a barrel
Stockholm stock market falls for third straight day as oil prices rise
Business News

Stockholm stock market falls for third straight day as oil prices rise

The Stockholm Stock Exchange closed in the red for the third day in a row as oil prices continue to rise.
Volvo Cars to close Stockholm office, 450 employees affected
Business News

Volvo Cars to close Stockholm office, 450 employees affected

Volvo Cars is closing its Stockholm office and moving resources to its headquarters in Gothenburg, according to a press release. Around 450 employees will be affected - staying in the capital while working remotely is not an option
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.
Stockholm stock market falls as Sandvik and Volvo Cars slump amid global AI hype shift
Business News

Stockholm stock market falls as Sandvik and Volvo Cars slump amid global AI hype shift

The Stockholm Stock Exchange fell, with steep declines for several engineering giants, while global markets are gripped by a new round of AI hype. The OMXS index closed down 0
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
Volvo Cars secures Belgian support package for Ghent factory worth over SEK 1.3 billion
Business News

Volvo Cars secures Belgian support package for Ghent factory worth over SEK 1.3 billion

Volvo Cars has signed a letter of intent with Belgian authorities regarding support equivalent to just over SEK 1. 3 billion for the company's factory in Ghent
Volvo Cars sales fall 5.6% as electric models gain ground in Europe
Business News

Volvo Cars sales fall 5.6% as electric models gain ground in Europe

Volvo Cars' global sales decreased by 5. 6 percent in the second quarter compared with the same period last year
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.
Slight uptrend on the Stockholm Stock Exchange as OMXS index rises 0.2 percent
Business News

Slight uptrend on the Stockholm Stock Exchange as OMXS index rises 0.2 percent

The Stockholm Stock Exchange recovered on Wednesday, with a morning decline followed by a slight rise. The broad OMXS index rose 0
Volvo Cars sales fall 5.5 percent in March–May
Business News

Volvo Cars sales fall 5.5 percent in March–May

Volvo Cars' sales for March–May fell 5. 5 percent compared with the same period last year, according to a press release from the automaker
Volvo Cars avoids US sales ban with special permit for connected cars
Business News

Volvo Cars avoids US sales ban with special permit for connected cars

Volvo Cars has been granted a special permit by U. S
Headwinds for Volvo Cars' sales
Business News

Headwinds for Volvo Cars' sales

Volvo Cars' global sales fell to 162,864 cars during the period February–April this year. This is 10 percent fewer cars than during the same period last year
Chinese wall of competitors meets Volvo Cars at Beijing Auto Show
Business NewsTop News

Chinese wall of competitors meets Volvo Cars at Beijing Auto Show

Volvo Cars wants to grow in the world's largest car market. There's just one problem
Oil crisis presents new opportunity for Volvo Cars
Business News

Oil crisis presents new opportunity for Volvo Cars

Oil prices are surging and putting pressure on car manufacturers around the world. Volvo Cars could emerge as a winner, according to CEO Håkan Samuelsson
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