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Volvo Cars
The Stock Exchange Fell – Weak US Figure Weighed
The Stockholm stock exchange continued to fall on Thursday for the fourth day in a row. The broad OMXS index fell by 0.
Volvo Cars scrapes electric car goal
Volvo Cars is now scrapping the company's goal of being fully electrified by 2030. .
The stock market fell across the board
A new wave of concern for recession in the USA swept over the market on Wednesday, and the Stockholm stock exchange fell broadly. The OMXS index fell 1.
The stock market falls across the board
A new wave of recession fears in the USA is sweeping over the market. The Stockholm stock exchange is falling across the board.
Excessive Emissions - Volvo Cars Recalls Cars
Excessive emissions are causing Volvo Cars to recall five different Volvo models, reports the magazine Vi bilägare. The car models affected are: S90, V90 and V90 Cross Country built between April 30, 2018–August 23, 2020, as well as XC60 and XC90 manufactured between November 13, 2017–May 12, 2019.
Continued huge loss for Polestar
The Swedish car manufacturers made a loss of 466 million dollars for the first half of the year, corresponding to 4. 8 billion kronor.
New CEO for Polestar
The electric car manufacturer Polestar is changing its CEO. Michael Lohscheller, previously CEO of Opel, will take over from October 1, according to a press release from the company.
Increased sales for Volvo Cars
Volvo Cars sold over 57,400 cars worldwide in July. This represents an increase of 6 percent compared to the same period last year.
Broad decline on the stock exchange – red among major companies
The stock market in Stockholm fell on Thursday, with the OMXS index at minus 2. 1 percent at closing.
Despite the Price Drop - This Is Why You Shouldn't Worry
Several major companies have fallen heavily after this week's interim reports. Is there cause for concern? Not at all, assesses Lars Söderfjell, equity manager at Ålandsbanken.
Reporting Volvo among the locomotives on the stock exchange
The Stockholm Stock Exchange was sideways in the waves from the report flood from the major companies. AB Volvo, Volvo Cars, and Getinge were locomotives after strong reports.
Volvo Cars: "Tariffs will obviously have an impact"
Volvo Cars is one of the car manufacturers affected after the EU Commission introduced punitive tariffs against China. It is obvious that the tariffs will affect us in the short term, says Volvo Cars' finance chief Johan Ekdahl.
Ahead of the Reporting Period – the Factor that Triggers a Stock Market Rally
In the midst of high summer, it's time – next week the reporting season for listed companies kicks off. Danske Bank's senior strategist Maria Landeborn points out what can trigger a stock market rally.
So high are the tariffs against Chinese electric cars
The EU is now punishing Chinese electric car manufacturers with punitive tariffs. Among those affected to the greatest extent are giants BYD and Geely, the owner of Volvo.
Workshop company drops on positive stock market
The Stockholm Stock Exchange rose on Wednesday, but the increase was dampened by declines in telecom equipment manufacturer Ericsson and a few other industrial giants. The broad OMXS index closed at plus 0.
Increased loss for Polestar
The electric car manufacturer Polestar reports an increased loss for the first quarter of the year. The company's revenue also decreased - but delivery volumes have recovered during the second quarter.
Polestar's massive blow: 15.5 billion kronor
The Gothenburg-based electric car manufacturer Polestar, with Volvo Cars as a part-owner, reports an operating loss of 1. 46 billion dollars (equivalent to 15.
Inflation news boosted the Stockholm stock exchange
The Stockholm Stock Exchange ended the week on a plus after fresh statistics showed that inflation fell as expected in the USA in May. The OMXS index increased by 0.
Vehicle Company Goes Bankrupt – 1,400 Employees Affected
IAC Group Sweden, which supplies components to Volvo companies and Scania, has been declared bankrupt. The company has approximately 1,400 employees in Sweden.
Volvo Cars delays deliveries to the USA
Volvo Cars is bringing forward the delivery date for the electric car EX30 to the USA. In fact, deliveries of the EX30 to the USA were due to start in the autumn, but that will not be the case.
Interest Rate Chill Sends Stock Market Down
The Stockholm Stock Exchange fell on Thursday in line with leading European stock exchanges. The broad OMXS index dropped 1.
Volvo moves production from China to Belgium
Volvo Cars has started moving parts of its Chinese electric car production to Gent in Belgium, reports The Times. This is happening at the same time as the EU is investigating new import tariffs on electric cars from China.
USA figure gave the stock exchange an extra boost
Stockholm Stock Exchange rose and the crown was strengthened on Wednesday. Fewer American jobs than expected gave a little extra boost to the stock market.
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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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