Stockholm Stock Exchange Extends Winning Streak as OMXS Rises 0.8% on Tuesday
The Stockholm Stock Exchange’s winning streak continued on Tuesday. After strong gains the previous day, the OMXS index closed up 0.8 percent.
BusinessThe Stockholm Stock Exchange’s winning streak continued on Tuesday. After strong gains the previous day, the OMXS index closed up 0.8 percent.
BusinessVolvo is building more Nvidia technology into its cars. The goal is once again to develop self-driving cars, but Volvo’s data is also intended to make Nvidia’s driving system safer. “The collaboration with Volvo is a huge opportunity for us because no company is more rigorous when it comes to driver safety than Volvo,” says Nvidia CEO Jensen Huang.
TechnologyKlaus Zellmer has been appointed CEO and president of Volvo Cars, the company said in a press release. He will take office no later than Oct. 1, 2027.
CarsHe will leave this spring. His contract will expire then. Volvo Cars CEO Håkan Samuelsson announced this at a strategy day in Stockholm.
CarsVolvo Cars will launch 13 new car models by the end of 2030, the carmaker announced at a strategy day. These are completely new models, not just a facelift, says CEO Håkan Samuelsson.
CarsVolvo Cars is closing its Stockholm office and moving resources to its headquarters in Gothenburg, according to a press release. Around 450 employees will be affected - staying in the capital while working remotely is not an option.
CarsCar manufacturer Volvo Cars reports unexpectedly weak results for the second quarter. The stock is plunging on the Stockholm Stock Exchange. We have a China market that has collapsed dramatically, down 30 percent. Then it is difficult to make the numbers add up, CEO Håkan Samuelsson tells TT.
CarsVolvo Cars has signed a letter of intent with Belgian authorities regarding support equivalent to just over SEK 1.3 billion for the company's factory in Ghent.
Cars