Volvo Cars

Increased Sales for Volvo Cars

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

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

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 0.1 percent.

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. Over time, there is no doubt that electric cars will drive growth in the car industry, he says in connection with the company's quarterly report.

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. I fear that there will be more negative surprises than usual, says SEB strategist Esbjörn Lundevall.

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). It's bad for Europe and it's bad for Sweden.

Stockholm Stock Exchange Turned Upward

The Stockholm stock exchange recovered after the morning's decline. At closing, the OMXS index stood at plus 0.4 percent.