European carmakers, with Volvo Cars particularly hard hit, have been struggling. Donald Trump's tariffs, Chinese competition and production disruptions are behind Volvo's collapse. The future still looks quite bright, Handelsbanken automotive analyst Hampus Engellau tells TT.
CarsPresident 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.
CarsThe car manufacturer Volvo Cars is to save billions. The company is now announcing major staff cuts. These will mainly take place in Sweden and Gothenburg. Most people work here, says CEO Håkan Samuelsson.
CarsA blow to the USA's car market where consumers will have to pay an extra cost of tens of thousands of kronor. This will be the consequence of President Donald Trump's latest tariff gamble, assesses automotive analyst Hampus Engellau. If they now become a reality, that is.
CarsWhat becomes a reality of Donald Trump's tariff threats is still highly unclear. However, there are a number of Swedish companies in the line of fire due to their production in Mexico.
BusinessThe crisis-stricken battery manufacturer Northvolt is considering applying for bankruptcy protection or bankruptcy, according to several media outlets citing sources. "The dialogue about future financing is ongoing," writes the company's press spokesperson Erik Zsiga to TT about the reports.
BusinessSome 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. The number of Chinese electric cars to Europe is generally not enormous, says Hampus Engellau at Handelsbanken.
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