The announcement that Iran's negotiating delegation had broken off contact with the U.S. caused the Stockholm Stock Exchange to fall sharply. The OMXS index closed down 1.6 percent.
BusinessSwedes who have received the new electric car premium have chosen the Nissan Leaf and Renault Zoe over Tesla. But the most popular is the Volvo XC40 Recharge. The Swedish Environmental Protection Agency has also received an application for a Porsche and has not yet decided whether that purchase is covered by the premium.
CarsTruck manufacturer Volvo has settled with a California environmental agency. The settlement will cost Volvo approximately SEK 1.8 billion.
CarsThe Moderates are campaigning on a promise that families will receive an additional 5,000 kronor a month in the next term. They hope that the focus on household finances will boost the party in the election.
Swedish politicsWomen's shares had significantly better price performance than men's during the first quarter, new statistics show.
BusinessPresident Donald Trump's new tariff threat against the European car industry could hit Volvo Cars, which is already under pressure. The company could be a clear loser - if the announcement becomes reality, Handelsbanken automotive analyst Hampus Engellau warns.
CarsUS President Donald Trump wrote on his social media platform Truth Social that he will raise import tariffs on cars and trucks from the EU next week. Trade Minister Benjamin Dousa (M) believes the parties must try to reach an agreement.
CarsVolumes and results are pointing downward in the first quarter for truck manufacturer AB Volvo. But order intake is clearly picking up and the forecast for Europe is being raised. It's a statement of strength in this part of the economy amid this uncertainty, CEO Martin Lundstedt tells TT.
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