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, 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. Wednesday, 14 March 2012 Alfa Laval has won an order to supply a variety of Alfa Laval products to a brewery in Indonesia.
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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