Despite Monday's large one-time write-down, Volvo Cars is rising on the Stockholm stock exchange ahead of Thursday's interim report. Looking ahead a bit, one can probably say that the conditions should be quite good, says Handelsbanken's automotive analyst Hampus Engellau.
CarsAfter having been more substantially on the plus side for large parts of the trading day, the Stockholm stock exchange fell downwards but the OMXS index still closed at a plus of 0.1 percent.
BusinessVolvo Cars is making a one-time write-down of 11.4 billion kronor, the company announces in a press release.
CarsThe weekend's tariff game from President Donald Trump made the Stockholm stock exchange back down. The OMXS index had fallen by 0.5 percent at the close.
BusinessIt points weakly upwards for new registrations of passenger cars in the EU, according to monthly figures from the industry organization Acea. But for the American electric car manufacturer Tesla, it goes steeply downhill. Volvo Cars also has strong headwinds.
Cars
