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Volvo Cars Credit Rating Outlook Lowered by S&P Global
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Volvo Cars Credit Rating Outlook Lowered by S&P Global

The car manufacturer Volvo Cars' credit rating has been given negative outlook by S&P Global, reports Bloomberg with reference to the rating institute.
Tesla EU Sales Drop by Half in April 2023
Business News

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
Volvo Cars Cuts 3,000 Jobs Amid Global Restructuring
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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
Polestar Reports Reduced Losses in First Quarter 2023
Business News

Polestar Reports Reduced Losses in First Quarter 2023

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

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

Novo Energy Cuts 50 Percent of Workforce at Volvo Battery Plant
Business News

Novo Energy Cuts 50 Percent of Workforce at Volvo Battery Plant

Volvo Cars Sales Decline 11 Percent in April
Business News

Volvo Cars Sales Decline 11 Percent in April

Stock Market Stagnates as Workshop Companies Face Declines
Business News

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.
Factory Giants Drag Down Stockholm Stock Exchange
Business News

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
Volvo Union Reports Growing Anxiety Amid Staff Reduction Plans
Business News

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 Cars Announces Major Job Cuts in Gothenburg Amid Cost-Saving Efforts
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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
Few Clear Losers in Swedish Companies' Report Season So Far
Business News

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
Swedish Exporters Face Uncertainty Amid Trump's Tariff Impact
Business News

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
Busch Urges Swedish Firms to Stay Local Amid US Trade Uncertainty
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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.
Volvo's Shift to Electric Cars Faces Scrutiny as Diesel Demand Persists
Business News

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 Cars Boosts US Production in Response to Trump's Tariffs
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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 Sees 10 Percent Drop in March Sales, Electric Models Hit Hard
Business News

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
Stockholm Stocks Slide as Tariff Concerns Hit Major Companies
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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
Volvo and Major Automakers Fined 458 Million Euros for Cartel Involvement
Business News

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

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

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

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
Håkan Samuelsson Returns as Volvo Cars CEO to Drive Electric Future
Business News

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

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
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