Volvo

Volvo Cars Announces 11 Billion Kronor Write-Down Amid Market Challenges

Volvo Cars is making a one-time write-down of 11.4 billion kronor, the company announces in a press release.

UN Report: Volvo's Role in Palestinian Displacement Highlighted

Sweden Donates New Archer Artillery Barrels to Ukraine

Sweden will donate, among other things, new barrels for the Archer artillery system to Ukraine. Those already in use in the war are being worn out.

Svantesson: Young Swedes Losing Faith in Future Amid Challenges

Minister for Finance Elisabeth Svantesson (The Moderate Party) says that something has broken in Sweden and that young people have lost faith in the future. Sweden is in many ways fantastic, but there is something that grates, she says in her Almedalen speech.

Volvo Sells SDLG Shares for 8 Billion Kronor, Acquires Swecon

Machine manufacturer Volvo Construction Equipment (Volvo CE) – a part of the Volvo Group – sells its shares in Chinese Shandong Lingong Construction Machinery (SDLG) and instead takes over the dealer Swecon from Lantmännen.

Shaky Ceasefire Boosts Stockholm Stock Market as Oil and Gold Prices Fall

The Stockholm stock exchange rose on a broad front on Tuesday. What appears to be a shaky ceasefire after twelve days of war between Israel and Iran increased the investors' risk appetite. The oil price, gold price and dollar fell markedly.

Volvo Recalls Thousands of Cars in Sweden for Brake Software Issue

Care Strike Looms with Potential Major Impact

A major strike in about 80 of the country's private elderly care homes and healthcare facilities is threatening. The effects will be large, warn the employers. According to information, a bid from the mediators is expected on Saturday. If no solution is reached, the strike will break out on Monday morning.