Sweden's Volvo is setting aside 7 billion Swedish crowns ($778 million) to cover costs related to its admission in October that its truck and bus engines could be exceeding limits for nitrogen oxide emissions.
STOCKHOLM Sweden's national pension fund has sold its preference shares in Volvo Cars after concluding it saw no clear intention to list within the next 12 months from the Geely-owned carmaker.
STOCKHOLM, Dec 20 Veoneer
finance chief Mathias Hermansson has decided to leave the
company having assumed the post only in April when the
electronic car products maker was spun out of parent Autoliv
STOCKHOLM Sweden's AB Volvo has triggered its hard Brexit contingency plans, with the truckmaker building "safety stock" with its British dealers and considering alternative shipping routes to minimise disruption.
STOCKHOLM SKF has reached a settlement with Daimler over the Swedish engineering group's alleged participation in a ball bearings cartel, drawing a line under its disputes with automakers over this issue.
STOCKHOLM Goldman Sachs and Morgan Stanley are expected to lead preparations for the planned IPO of Swedish buyout firm EQT, two sources told Reuters, after the company earlier this month invited banks to bid for the mandate.
STOCKHOLM/LOS ANGELES Volvo Cars, owned by China's Geely, has no current plans to go for a stockmarket listing, its chief executive said, more than two months after the Swedish carmaker postponed its flotation blaming trade tensions and an automotive stocks downturn.
STOCKHOLM Volvo Cars has decided to delay building Lynk & Co branded cars at its plant at Ghent in Belgium because of increased macro-economic uncertainty, a spokesman for the Geely-owned [GEELY.UL] Swedish carmaker said on Friday.