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Companies News / Industries
Sunday, 16 December 2012
suppliers and subcontractors to Volvo Cars corporation have been
denied loans aimed at helping them develop future car models.
giant, SSAB has issued notice for dismissal of 450 employees in it
region of operation in Borlänge, Oxelösund and Lulea.
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.
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
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.
far more cars in the Swedish auto market than Volvo in August.
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.
Monday, 25 June
windmill manufacturer Vestas Wind temporarily turned up on Monday
morning after the company announced its largest service order to date.
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
Saab plans to make a bid for the Dutch company, Hitt, which develop
solutions for improved security at airports and marine environments.
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.
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.
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.
manufacturer SKF reports earnings in line with expectations. CEO Tom
Johnstone paints, however, an unexpectedly bright picture of the