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Several major suppliers and subcontractors to Volvo Cars corporation have been denied loans aimed at helping them develop future car models.
Swedish steel giant, SSAB has issued notice for dismissal of 450 employees in it region of operation in Borlänge, Oxelösund and Lulea.
Swedish industrial production increased by 0.3 percent in July compared to June in seasonally adjusted figures. Comparing July with the same month in 2011, industrial production decreased by 0.4 percent in working day adjusted figures, according to official data from Statistic Sweden
New orders for Swedish industry decreased by 0.7 percent in seasonally adjusted figures in July compared to June. When comparing July of this year and the same month of the previous year, new orders decreased by 5.4 percent in working day adjusted figures.
We reported yesterday that Volvo Car Corp., was accused of playing with sales number which made it looked like its sales in the Swedish market was going on better than thought. Volvo has reacted by countering the accusation.
The Saab automobile which had been in bankruptcy management has now been officially resolved with the automobile sold to the new buyer, the Swedish Electric car Consortium otherwise known as Nevs.
Volkswagen sold far more cars in the Swedish auto market than Volvo in August.
But Volvo dealers are reported to have manipulated the figures so that the situation will look slightly better than it really is.
It looks like the deal in the purchase of Saab could have been completed following last Friday deadline for the company to pay the cash for its purchase.
The Danish windmill manufacturer Vestas Wind temporarily turned up on Monday morning after the company announced its largest service order to date.
Swedish heavy truck and heavy duty vehicles makers such as Volvo and Scania will start having sleepless nights after World Health organisation (WHO) said that exhaust from diesel can cause cancer.
As the dust of the sale of Saab automobile is gradually settling, those in the fore of the game are beginning to be identified.
Defence group Saab plans to make a bid for the Dutch company, Hitt, which develop solutions for improved security at airports and marine environments.
The Chinese company Geely owned Swedish automaker, Volvo reports a profit for 2011 of Skr1.636 billion before interest and tax. Sales rose 20.3 percent to 449 255 cars. Turnover was Skr125.5 billion.
The Saab Automobile's bankruptcy is taken over nine billion, and many creditors will not get a dime. But Saab's former owner, Spyker, manages to show a profit of over Skr140 million just because of the Saab bankruptcy.
Swedish television has turned again on Ikea and revealed that in the former East Germany (GDR) political prisoners were used to build furniture in which the company Ikea sold in its various markets. At that time prisoners where used to work to produce products cheaply for mostly western companies. So among the companies that took advantage of the cheap labour, was Swedish Ikea. The company rejects the allegation.
Good sales and higher prices mean that home appliance manufacturer Electrolux, with CEO Keith McLoughlin, managing to beat expectations for the first quarter. Both sales and profits were higher than analysts had expected.
Bearings manufacturer SKF reports earnings in line with expectations. CEO Tom Johnstone paints, however, an unexpectedly bright picture of the situation.
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Subcontractors and part suppliers to Volvo cars denied bank loans
Sunday, 16 December 2012Several major suppliers and subcontractors to Volvo Cars corporation have been denied loans aimed at helping them develop future car models.
Swedish steel giant, SSAB laying off 450 blamed of efficient savings
Thursday, 11 October 2012Swedish steel giant, SSAB has issued notice for dismissal of 450 employees in it region of operation in Borlänge, Oxelösund and Lulea.
Slight increase in Swedish industrial production
Monday, 10 September 2012Swedish industrial production increased by 0.3 percent in July compared to June in seasonally adjusted figures. Comparing July with the same month in 2011, industrial production decreased by 0.4 percent in working day adjusted figures, according to official data from Statistic Sweden
Continued decrease in new orders for the Swedish industries
Monday, 10 September 2012New orders for Swedish industry decreased by 0.7 percent in seasonally adjusted figures in July compared to June. When comparing July of this year and the same month of the previous year, new orders decreased by 5.4 percent in working day adjusted figures.
Volvocar Corp., rejects accusation of sales number manipulation
Tuesday, 04 September 2012We reported yesterday that Volvo Car Corp., was accused of playing with sales number which made it looked like its sales in the Swedish market was going on better than thought. Volvo has reacted by countering the accusation.
Saab affair finally settled as well as a trade mark "SAAB"
Monday, 03 September 2012The Saab automobile which had been in bankruptcy management has now been officially resolved with the automobile sold to the new buyer, the Swedish Electric car Consortium otherwise known as Nevs.
Volvocar Car Corp., accused of manipulating sales figures in the Swedish car market
Monday, 03 September 2012Volkswagen sold far more cars in the Swedish auto market than Volvo in August.
But Volvo dealers are reported to have manipulated the figures so that the situation will look slightly better than it really is.
The purchase of Saab automobile looks completed
Monday, 03 September 2012It looks like the deal in the purchase of Saab could have been completed following last Friday deadline for the company to pay the cash for its purchase.
Vestas receives record contract
Monday, 25 June 2012The Danish windmill manufacturer Vestas Wind temporarily turned up on Monday morning after the company announced its largest service order to date.
World Health organisation shoot Swedish truck maker in the arm - Diesel Causes Cancer
Wednesday, 13 June 2012Swedish heavy truck and heavy duty vehicles makers such as Volvo and Scania will start having sleepless nights after World Health organisation (WHO) said that exhaust from diesel can cause cancer.
The people behind the possible purchase of Saab automobile used to be Volvo advisers
Tuesday, 12 June 2012As the dust of the sale of Saab automobile is gradually settling, those in the fore of the game are beginning to be identified.
Defence group Saab plans to place a bid on Dutch firm Hitt
Thursday, 07 June 2012Defence group Saab plans to make a bid for the Dutch company, Hitt, which develop solutions for improved security at airports and marine environments.
Volvo Cars makes billion profit but CEO takes a cautious look ahead
Wednesday, 02 May 2012The Chinese company Geely owned Swedish automaker, Volvo reports a profit for 2011 of Skr1.636 billion before interest and tax. Sales rose 20.3 percent to 449 255 cars. Turnover was Skr125.5 billion.
Surprise as Spyker reports profit after Saab's bankruptcy
Monday, 30 April 2012The Saab Automobile's bankruptcy is taken over nine billion, and many creditors will not get a dime. But Saab's former owner, Spyker, manages to show a profit of over Skr140 million just because of the Saab bankruptcy.
Did Political prisoners of in former East Germany built Ikea furniture?
Saturday, 28 April 2012Swedish television has turned again on Ikea and revealed that in the former East Germany (GDR) political prisoners were used to build furniture in which the company Ikea sold in its various markets. At that time prisoners where used to work to produce products cheaply for mostly western companies. So among the companies that took advantage of the cheap labour, was Swedish Ikea. The company rejects the allegation.
Electrolux improved and beat expectations
Wednesday, 25 April 2012Good sales and higher prices mean that home appliance manufacturer Electrolux, with CEO Keith McLoughlin, managing to beat expectations for the first quarter. Both sales and profits were higher than analysts had expected.
Great expectations from SKF as profit reach expectations
Thursday, 19 April 2012Bearings manufacturer SKF reports earnings in line with expectations. CEO Tom Johnstone paints, however, an unexpectedly bright picture of the situation.
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