Thursday, 26 April 2012 The vehicle
manufacturer AB Volvo reports a profit before tax of Skr5.602 million
for the first quarter of 2012. This compares with profit of Skr5.847
million a year ago.
Monday, 25 June 2012 The Danish
windmill manufacturer Vestas Wind temporarily turned up on Monday
morning after the company announced its largest service order to date.
Wednesday, 13 June 2012 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.
Thursday, 07 June 2012 Defence group
Saab plans to make a bid for the Dutch company, Hitt, which develop
solutions for improved security at airports and marine environments.
Wednesday, 02 May 2012 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.
Monday, 30 April 2012 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.
Saturday, 28 April 2012 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.
Wednesday, 25 April 2012 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.
Thursday, 19 April 2012 Bearings
manufacturer SKF reports earnings in line with expectations. CEO Tom
Johnstone paints, however, an unexpectedly bright picture of the
situation.
Thursday, 19 April 2012 Defence and
Security Company Saab’s operating income presented for the period
January -March 2012 was Skr 398 million against Skr368 million for same
period a year ago. This corresponds to an operating margin of 7.1 per
cent over 6.7 same period in the past.
Monday, 16 April 2012 AB Volvo’s
subsidiary Volvo Powertrain has lost a dispute with the U.S.
Environmental Protection Agency EPA and therefore has to pay more than
$ 72 million, representing approximately Skr490 million in penalties
and interest.
Thursday, 12 April 2012 Swedish defence
and security company, Saab and the UK Ministry of Defence (MoD) has
signed a two year extension contract for the Deployable Tactical
Engagement Simulation training system (DTES) Managed Service, used by
the British Army.
Wednesday, 11 April 2012 Defence and
security company Saab says it has received a contract extension with
Airbus for the A320-family Aileron for the life of this programme.
Tuesday, 10 April 2012 The Chinese
company, Youngman, who persistently tried to get buy Saab automobile
has, according to an informed source given its final offer for a bid
for the bankrupt company before the deadline expired at 17 hours on
Tuesday.
Tuesday, 10 April 2012 Swedish /
Chinese car maker, Volvo Car Corporation will open a new development
office specialising in HMI (Human Machine Interface) in Copenhagen.
Tuesday, 10 April 2012 Today is a
milestone for Saab Automobile’s trip through bankruptcy as the
stakeholders that want to buy the estate must submit their final bids
today.
Tuesday, 10 April 2012 Uncertainty in
the US job creation is not the only thing affecting investors in Swedes
and Scandinavian at large but also the fall in Swedish industrial
production.
Thursday, 05 April 2012 Swedish truck
maker Volvo AB (VOLV-B.SK) said Thursday it has signed a memorandum of
understanding with DEUTZ AG (DEZ.XE) to look at extending their
long-term cooperation on jointly developing medium-duty engines for
off-road applications.
Wednesday, 04 April 2012 Swedish state
prosecutor, Nils-Eric Schultz, is pleased with the conviction of two
former executives of AB Volvo’s subsidiary, Volvo CE, who paid millions
of dollars in exchange for contracts in Saddam Hussein’s Iraq.
Tuesday, 03 April 2012 Saudi Arabia is
Sweden’s most important market in the Middle East. The civilian good
exports last year totalled a value of Skr12 billion.
Tuesday, 03 April 2012 The bankrupt
Saab Automobile’s liabilities has been accounted to stand at between
Skr12 and Skr13 billion, and assets including land is a “a fraction of
this.” This low mismatch was not known before.
Wednesday, 28 March 2012 Now that it
looks like Saab automobile is either dead or still taking enjoying a
long deep sleep waiting of its prince to come and kiss it so that it
can wake up, Volvo has in the past months become the giant player in
the growing Swedish company car market or know here as service
cars. This was also true in 2011 when some official including the
police decamped from struggling Saab to Volvo.
Wednesday, 28 March 2012 The British
engineering company GKN is likely to buy Volvo Aero within the coming
month reports Bloomberg News late on Tuesday afternoon, referring to
people familiar with the matter.
Tuesday, 27 March 2012 Strong global
growth will give their construction equipment a boost, according to
Patrick Olney, president of Volvo Construction Equipment, which
according to current industry tracks growth in annualized revenues of
Skr25 billion.
Monday, 26 March 2012 Volvocars corps
recalls 115 000 cars of this year’s model, 15,000 of them in Sweden,
Volvo Cars says it has to do with defect that could affect the airbags
feature.
Monday, 26 March 2012 On Monday, there were some operations again at Saab Automobile in Trollhättan. But
this was not a sort of permanent operation that could be associated
with a finalize deal by some one or authority taking the company over.
Friday, 23 March 2012 A
Japanese-Chinese consortium is now involved in the battle to buy
bankrupt Saab automobile factory in Sweden according to reports.
Friday, 23 March 2012 BAE Systems
opens a new £150m ($240m) facility later to increase US F-35 jet
fuselage production by extending its site in Samlesbury,
Lancashire….reports the BBC
Friday, 23 March 2012 The vehicle
manufacturer General Motors (GM) is planning to close one or two car
plants in Europe as part of a savings program to save the loss unit
Opel / Vauxhall.
Tuesday, 20 March 2012 Stora Enso
plans to build a plantation-based integrated paperboard and paper mill
in the city of Beihai in Guangxi in southern China. The company will
service the rapidly growing market for liquid packaging and other
high-quality consumer board types.
Friday, 16 March 2012 Volvo Group’s
total truck deliveries rose 3 percent to 18 395 in February, compared
with same period last year according to delivery statistics from Volvo,
beating analysts expectations.
Tuesday, 13 March 2012 The Saab
bankruptcy administrators will continue to keep operations in Saab
active while seller sought for the assets of the company as a whole. A
number of foreign and domestic stakeholders are still in the game of
buying Saab, and now they will be joined by Saab specialists for
answers to their questions.
Friday, 09 March 2012 Volvo Car
Corporation and the Chinese owner Geely are launching enhanced
technology cooperation, with a focus on new technology including
electric and hybrid cars. This is another step taken to create a common
brand.
Wednesday, 07 March 2012 The Chinese
company that looks desperate to buy over Saab automobile, Youngman, has
in recent days met with both the Swedish government and the leader of
the leading opposition party, Social Democrats, Stefan Löfven in
their attempt to work at a much higher level in their pursuit to buy
Saab Automobile.
Tuesday, 06 March 2012 As the question
for Saab ownership continues, more bid are falling in. A new bid has
reportedly come from India’s TATA motors to Saab automobile as interest
in the brand continues to attract.
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