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Increased Sales for Volvo Cars
Business News

Increased Sales for Volvo Cars

Volvo Cars wants to buy out Northvolt – breach of contract
Business News

Volvo Cars wants to buy out Northvolt – breach of contract

Volvo Cars will exercise its right of redemption to oust crisis-stricken Northvolt from the jointly owned multi-billion project Novo Energy, according to the car manufacturer. This is because Northvolt has breached the shareholders' agreement
Volvo Cars: No Money to Northvolt
Business News

Volvo Cars: No Money to Northvolt

The car manufacturer Volvo Cars does not intend to participate in the financing that could save the crisis-stricken battery manufacturer Northvolt from bankruptcy, reports the news agency Bloomberg. Absolutely not, says Volvo Cars' CEO Jim Rowan
Major Banks Soar on the Stock Exchange
Business News

Major Banks Soar on the Stock Exchange

It was a course rally in the major banks on Wednesday after strong quarterly reports, but the Stockholm Stock Exchange as a whole rose very moderately. The broad OMXS closed at plus 0
Volvo Cars lowers its forecast - again
Business NewsTop News

Volvo Cars lowers its forecast - again

The electric car market is facing headwinds and Volvo Cars is lowering its sales forecast for the second time this year. But the electric car is still the future, believes CFO Johan Ekdahl
These are the risks on the stock market right now
Business News

These are the risks on the stock market right now

It looks shaky ahead of the reporting season, which kicks off this week. The German automotive industry has set the tone with a series of profit warnings
Fear of China's Response: "Bad for Sweden"
Business News

Fear of China's Response: "Bad for Sweden"

The EU Commission's announcement to impose tariffs on Chinese electric cars has prompted China to threaten with its own tariffs on European export goods. The development worries Foreign Trade Minister Benjamin Dousa (M)
Stockholm Stock Exchange Turned Upward
Business News

Stockholm Stock Exchange Turned Upward

The Stockholm stock exchange recovered after the morning's decline. At closing, the OMXS index stood at plus 0
More Expensive Electric Cars – but Unclear by How Much
Business News

More Expensive Electric Cars – but Unclear by How Much

Some fear a trade war with China when the EU introduces permanent tariffs on Chinese electric cars. How great an impact it will have on the European car market is difficult to say at present, says an analyst
American job statistics boosted the stock market
Business News

American job statistics boosted the stock market

Friday's message from the USA that the country's economy appears to be stronger than feared boosted the Stockholm Stock Exchange. The broad OMXS index closed up 0
Volvo Cars loses momentum
Business News

Volvo Cars loses momentum

Electrolux rises on calm stock market
Business News

Electrolux rises on calm stock market

Down on the stock exchange – tough for Volvo Cars
Business News

Down on the stock exchange – tough for Volvo Cars

The Stockholm Stock Exchange started the week with falling prices. Among the losers, Volvo Cars stood out, which retreated after new profit warnings from the industry
German Expert: Electric Car Success Goes via China
Business NewsTop News

German Expert: Electric Car Success Goes via China

It may take several years to turn the downward spiral for Europe's electric car industry, warns German industry guru Ferdinand Dudenhöffer. The road to success goes via China, according to the professor
Northvolt: This is what has happened
Business News

Northvolt: This is what has happened

On Monday, Northvolt laid off 1,600 of its employees in Sweden. Here is the background to the battery giant's crisis
Northvolt: "Tried to do too much at the same time"
Business News

Northvolt: "Tried to do too much at the same time"

Northvolt has invested in several new factories at the same time. It may have become too much to handle, according to Hampus Engellau, automotive analyst at Handelsbanken
Volvo's CEO Martin Lundstedt: "Europe must take action"
Business News

Volvo's CEO Martin Lundstedt: "Europe must take action"

Europe has fallen behind the USA and Asia. This is one of the reasons why the sales of both electric cars and electric trucks have stalled, believes AB Volvo's CEO Martin Lundstedt
The Crisis for Electric Cars - "Rather an Adjustment"
Business News

The Crisis for Electric Cars - "Rather an Adjustment"

Declining sales, halted investments, scrapped targets, lowered forecasts, and cutbacks. The electric car industry in Europe is facing headwinds
Share price fall for Mercedes after profit warning
Business News

Share price fall for Mercedes after profit warning

The German car manufacturer Mercedes' share falls hard – down by almost 8 percent on the Frankfurt Stock Exchange. The share price fall comes after the German car manufacturer on Thursday lowered its profit forecast for 2024
Stock Market Weakens Ahead of the Weekend
Business News

Stock Market Weakens Ahead of the Weekend

Thursday's interest rate party turned into a recoil downwards on the Stockholm Stock Exchange. The OMXS index fell by 0
Northvolt company seeks billion grant for factory
Business News

Northvolt company seeks billion grant for factory

New tariffs on electric cars from China may be reduced
Business News

New tariffs on electric cars from China may be reduced

The EU is expected to adjust downwards in the near future the customs duties that are to be imposed on electric cars manufactured in China from November, reports the news agency Bloomberg, citing anonymous sources.
Volvo defends new targets: "2030 is just a figure"
Business News

Volvo defends new targets: "2030 is just a figure"

Adjusted financial target and scrapped electric car target. Despite this, there is no crisis at Volvo Cars, the company claims – instead, the car manufacturer has been forced to adapt to an uncertain market
The Stock Exchange Fell – Weak US Figure Weighed
Business News

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
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