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A Minute of Silence Across Sweden – Tribute Paid to the Victims
At 12 o'clock today, Sweden falls silent. On trains, in schools and at workplaces, those who fell victim to the school attack in Örebro are honored with a minute of silence.
The Stockholm Stock Exchange Soared – Volvo Cars Slowed Down
The Stockholm stock exchange ended the trading day in a sunny mood. The OMXS index rose 1.
A Transitional Year for Volvo Cars Causes the Share to Plummet
A record year that ended weakly. Now Volvo Cars is bracing for continued challenges on the car market in 2025 – and the stock plummeted on the stock exchange.
The Stock Market Turned Up After Tariff Drama
The Stockholm stock exchange was down for most of Tuesday. But the broad OMXS index recovered in afternoon trading and closed up 0.
Broad decline on the stock exchange after tariff drama
As expected, the Stockholm Stock Exchange fell on Monday after the American President Donald Trump's statement about punitive tariffs. The index recovered somewhat after a sharp decline in the morning.
Volvo buys out Northvolt from Novo Energy
Volvo Cars has reached an agreement with Northvolt to take over the entire ownership of battery manufacturer Novo Energy, according to a press release. Since Northvolt has ended up in financial difficulties, the battery manufacturer has gradually withdrawn from the ownership of Gothenburg-based Novo Energy.
Volvo after the alarm: "There was no emission"
Parts of Volvo in Torslanda were evacuated on Wednesday morning after an alarm about a hazardous substance leak. The police and rescue services were called to the site to investigate the incident.
Volvo Cars: Not Worried About New US Rules
Before Joe Biden stepped down as the President of the USA, his administration presented new rules regarding technology from, among others, China. Connected vehicles with technology developed or manufactured in China are considered a security threat and shall therefore be prohibited.
Biden's final move - a knockout blow for Volvo Cars?
One of Joe Biden's final moves as president can hit hard on Volvo Cars. The major bank SEB does not rule out a total sales ban for the Swedish car manufacturer on the important US market.
Almost every third person is laid off at Novo Energy
The battery manufacturer Novo Energy in Gothenburg – partly owned by crisis-stricken Northvolt and car manufacturer Volvo Cars – is laying off 120 employees. "A tough but necessary decision", says CEO Adrian Clarke according to a press release.
New - smaller model - to boost Polestar
The electric car manufacturer Polestar is launching a new smaller electric SUV called Polestar 7, the company announces. .
Record year ended down for Volvo Cars
The car manufacturer Volvo Cars' sales in December last year fell to 73,804 cars, a decrease of 3 percent compared to December a year earlier. Despite the decline, Volvo Cars notes a new global sales record, with 763,389 cars sold during the full year 2024, an increase of 8 percent compared to the previous year.
Volvo Cars surged on the stock exchange
The Stockholm stock exchange's broad OMXS index rose 0. 6 percent on Tuesday.
Distribution Party on the Stock Exchange - "Must Be a Record"
It's being loaded up for a record-breaking payout party on the stock exchange this spring. The payouts are increasing by 11 percent to a total of approximately 326 billion kronor next year, according to a fresh prognosis from the major bank SEB.
Increased Sales for Volvo Cars
Volvo Cars sold 66,977 cars globally in November – an increase of 5 percent compared to the same period last year. It was primarily the EU and the USA that drove up sales, while China fell back by 8 percent compared to the same month last year.
Continued Rise on the Stock Market
The Stockholm stock exchange rose across the board and went up for the sixth consecutive day. The OMXS index had risen 0.
Heavy pressure downward on car stocks
Car manufacturers' shares are being heavily pressed down on European stock exchanges, also on the Stockholm Stock Exchange where Volvo Cars is falling by 2. 4 percent.
Sources: Ikea Sphere Plans Giant Listing
Ikea sphere's investment company Nalka is preparing a listing of the serial acquirer Asker Healthcare Group, writes Dagens industri. In that case, it would be the largest listing since Volvo Cars entered the Stockholm Stock Exchange three years ago.
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.
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.
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.
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.
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.
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.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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