Search Results: Volvo

Your search returned the following results.

Volvo optimistic as losses mount

Business & Money: 5 Feb 10
Swedish truck maker Volvo says it sees signs of recovery in the global economy as it reports a net loss of 14.7 billion kronor ($1.96 billion) in 2009. READ »

'Volvo production to remain in Sweden': Geely

Business & Money: 1 Feb 10
Chinese car maker Geely has declared its intention to keep Volvo production in Sweden after completing the purchase of the company from US auto giant Ford, saying that it wants to protect Volvo's brand image. READ »

Saab enters new era

Business & Money: 26 Jan 10
Saab Automobile has been rescued from extinction as owner General Motors agrees to sell the iconic Swedish brand to Dutch sports car maker Spyker. READ »

Geely to make 300,000 Volvos a year in China

Business & Money: 26 Jan 10
Geely aims to manufacture 300,000 cars a year in China, but intends to keep Volvo’s Swedish operations intact, according to plans the company has presented to Chinese authorities. READ »

Double murder victim 'shot through the eye'

National: 24 Jan 10
At least one of the two victims of a brutal double murder in southern Sweden earlier this month was shot through the eye in a gangland-style execution. READ »

Geely seeks to allay Volvo tech theft fears

Business & Money: 20 Jan 10
As China’s Geely Group prepares to purchase Volvo Cars, suppliers and unions have expressed concerns about unauthorized copying of the Swedish carmaker’s technology. READ »

Police hunt for double murder suspect

National: 19 Jan 10
Police in southern Sweden have put out a warrant for the arrest of a 35-year old man for the murder of two men found in the trunk of a burning car near Halmstad on Sweden's west coast earlier this month. READ »

Volvo's future with Geely 'bright': Ford head

National: 13 Jan 10
Volvo Cars is set to thrive under new management after Ford completes the sale of its Swedish brand to Chinese automaker Geely, Ford CEO Alan Mulally said Tuesday. READ »

Norwegian mafia tied to car trunk murder case

National: 11 Jan 10
Police in Oslo are to investigate suspicions that Norwegian drug gangs may be connected to the grisly find of two burned bodies in the boot of a car in western Sweden last week. READ »

Last-ditch Swedish effort to save Saab

National: 10 Jan 10
The Swedish Government has evidently not given up hope that the ailing Swedish-based Saab Automobile can be saved, as a delegation makes its way to General Motors headquarters in Detroit. READ »

Expansion plans for Volvo production in China

National: 9 Jan 10
Chinese carmaker Geely, which is poised to acquire Swedish auto brand Volvo from US giant Ford, plans to expand the production of Volvo cars in China, according to media reports. READ »

Saab can still be sold: General Motors

National: 9 Jan 10
General Motors announced on Friday it had begun "an orderly wind-down" of its Swedish unit Saab, but would consider any late proposals for the brand, in a move drawing protests from Sweden. READ »

GM begins official Saab wind-down

National: 8 Jan 10
General Motors have taken the decision to start official proceedings to wind down the Saab Automobile organisation in Trollhättan. READ »

Two bodies found in trunk of burning car

National: 7 Jan 10
Two dead bodies have been found in the trunk of a burned out car near Getinge in western Sweden, prompting police to launch a murder investigation. READ »

Deal to save Saab unlikely: GM head

Business & Money: 7 Jan 10
The CEO of General Motors expressed doubts on Wednesday about the likelihood of a last-minute deal to save Saab Automobile from being shut down. READ »

Sweden's car sales rev up in December

Business & Money: 4 Jan 10
Swedes showed a renewed zeal for buying new cars in December, with new vehicle registrations shooting up 13 percent compared to the previous year, new statistics show. READ »

Swedish companies shun foreign ownership

Business & Money: 31 Dec 09
At a time when Sweden's largest automakers – both owned by American companies – are up for grabs, Swedish companies remain sceptical about foreign ownership, a new poll shows. READ »

China to back Geely purchase of Volvo

Business & Money: 31 Dec 09
Geely Automobile's executive director has said it will look at ways to collaborate with Volvo once its parent group completes the acquisition of Ford's Swedish unit, adding that the deal had the backing of the Chinese government. READ »

Geely to run Volvo as an independent brand

Business & Money: 26 Dec 09
Volvo will remain intact if Chinese carmaker is successful in its bid to purchase the Swedish brand from US auto manufacturer Ford, according to Geely's top executive, who was quoted by the state-run Chinese media on Friday. READ »

Swedish media sceptical over Volvo sale to Geely

National: 25 Dec 09
Ford's Wednesday announcement that it would sell its Swedish auto brand Volvo to China's Geely met a chilly reception in the Swedish media this week. READ »

Cross-party support for Volvo deal

National: 23 Dec 09
Enterprise Minster Maud Olofsson was joined by leading Social Democrats on Wednesday in welcoming a deal over the sale of Volvo Cars to China's Geely. But labour group Unionen expressed concern for the future of the Swedish marque. READ »

China's Geely: from fridge parts to car giant

Business & Money: 23 Dec 09
The Geely group, which US auto giant Ford said Wednesday had agreed to terms for buying its Swedish brand Volvo, began as a refrigerator parts supplier but, in just two decades, has grown into one of China's largest private carmakers. READ »

Ford confirms Volvo sale agreement

Business & Money: 23 Dec 09
US auto giant Ford confirmed late on Wednesday morning that an agreement has been reached to sell Volvo Cars to Zhejiang Geely Holding. READ »

Geely expected to close Volvo deal

National: 23 Dec 09
In what has been a tumultuous month for the Swedish auto industry, Chinese carmaker Zhejiang Geely Holding could close a deal with American Ford on Wednesday for the purchase of Volvo cars. READ »

GM set to wind down Saab

National: 18 Dec 09
US car maker General Motors is to shut down Saab as talks collapse with Dutch sportscar manufacturer Spyker over the acquisition of GM's Swedish unit. READ »

Former Volvo directors oppose Chinese sale

Business & Money: 12 Dec 09
Chinese automaker Geely is not a suitable owner of Volvo Cars, according to eight former Volvo directors. But Volvo Cars management has dismissed the opposition to the deal as bordering on xenophobia. READ »

Volvo suitor Geely resumes trading

Business & Money: 8 Dec 09
Chinese automaker Geely resumed trading of its Hong Kong-listed shares on Tuesday afternoon following confirmation of strong sales figures announced on Monday. READ »

Geely halts trading in wake of Volvo comments

Business & Money: 8 Dec 09
Chinese automaker Geely suspended trading of its Hong Kong-listed shares on Tuesday to clarify statements it made about Volvo Cars the previous day. READ »

Jakob group 'ready to bid' for Volvo Cars

Business & Money: 7 Dec 09
The Swedish consortium Jakob said on Monday it is ready to buy Volvo Cars if the opportunity arises. READ »

Crown rolls out new bid for Volvo Cars

Business & Money: 3 Dec 09
The international consortium Crown, which includes former Volvo head Roger Holtback, has submitted a revised offer to buy Volvo Cars. READ »

Swedes snapping up more new cars: report

Business & Money: 1 Dec 09
New car sales in Sweden took an unexpected jump in November, signaling a clear upward trend in the market, according to an industry group. READ »

Geely secures Volvo financing: report

Business & Money: 27 Nov 09
The prospective buyers of Sweden-based Volvo Cars, Chinese firm Geely, have confirmed that they have secured the necessary financing for the deal. READ »

The Lowdown on classic car maker Saab

Analysis & Opinion: 25 Nov 09
Saab is a company steeped in glorious history. But as sports car maker Koenigsegg reverses out of its takeover deal, the GM-owned company is increasingly being viewed by analysts as a firm without a future. READ »

Koenigsegg backs out of Saab deal

Business & Money: 24 Nov 09
A group headed by Swedish sports car maker Koenigsegg has broken off negotiations over the purchase of Saab Automobile, the prospective buyer said in a statement. READ »

New buyer interest to bid in Volvo sale

National: 21 Nov 09
A further two consortiums are set to compete with China’s Geely, the front runner to purchase Volvo Cars from Ford, and are expected to submit offers in the coming week. READ »

Swedish culture – a forgotten promotional tool

Analysis & Opinion: 18 Nov 09
Sweden’s cultural heritage is virtually unknown outside the country’s borders. Swedes should be better at using culture to promote their own country, writes Olle Wästberg, Director-General of the Swedish Institute. READ »

Geely to sell one million Volvos a year: report

Business & Money: 11 Nov 09
China’s Geely, the front runner to purchase Volvo Cars from Ford, wants to build a factory in China to help increase Volvo sales to one million vehicles, according to US media reports. READ »

Saab suffers US and Swedish sales slump

Business & Money: 4 Nov 09
Saab Automobile sales plummeted in the United States during the month of October, while sales of Volvo showed signs of improvement. READ »

Losses continue to shrink for Volvo Cars

Business & Money: 2 Nov 09
Volvo Cars posted a much improved third quarter result on Monday, losing only $135 million compared with the $458 million the company lost a year ago. READ »

Geely faces Volvo image challenge: analysts

Analysis & Opinion: 29 Oct 09
Geely Automobile's confirmed bid for Volvo is evidence of China's growing economic clout, but analysts say the company will face the tough challenge of ensuring the Swedish brand's reputation for safety, writes AFP's Allison Jackson. READ »

Ford picks China's Geely to bid for Volvo Cars

National: 28 Oct 09
Chinese automaker Geely is the only remaining bidder for the purchase Volvo Cars. READ »

Truck maker Volvo posts heavy losses

Business & Money: 23 Oct 09
Swedish truck maker Volvo Group has reported a third quarter net loss of 2.92 billion kronor ($429 million), a result that was less severe than analysts had feared. READ »

Saab sales continue to crash in Europe

Business & Money: 15 Oct 09
Sales figures for Saab Automobile continue to disappoint, dipping 61.7 percent in September compared with the year before. Meanwhile, Volvo’s car sales jumped 8.1 percent. READ »

Swedish grocers' earnings outstrip CEOs

Business & Money: 1 Oct 09
The most successful franchisees of the Swedish grocery store chain ICA are coining in more remuneration than many CEOs of large companies listed on the Swedish stock market. READ »

Ford 'examining Chinese Volvo bid'

Business & Money: 25 Sep 09
Ford's plans to sell Volvo to Chinese carmaker Geely for $2.5 billion are proceeding, according to reports. READ »

Immigration increases foreign trade: study

Society: 17 Sep 09
Increased immigration to Sweden in recent years has helped boost the country’s foreign trade, a new study shows. READ »

Geely withdraws reported offer for Volvo

Business & Money: 16 Sep 09
Chinese automaker Geely, which had previously indicated its intentions to own 100 percent of Volvo Cars, has scrapped plans to put together a bid for Ford’s troubled Swedish subsidiary. READ »

Volvo Cars celebrates upswing in sales

Business & Money: 15 Sep 09
A nearly four percent increase in worldwide sales for Volvo Cars in August signals a turning point, according to company head Stephen Odell, despite a continued sales drop in Europe. READ »

Baltic bliss: boating in the Stockholm archipelago

Travel: 14 Sep 09
Having lived for some time in a city so dominated by waterways and islands, Alannah Eames decides it's high time to take the plunge and join the boat set. READ »

Volvo to recall 26,000 cars due to software glitch

Business & Money: 10 Sep 09
Volvo Cars announced on Wednesday it planned to recall 26,000 cars worldwide because of faulty software which can lead to engine problems. READ »

Chinese automaker signs on to Saab deal

Business & Money: 9 Sep 09
Sweden's Koenigsegg Group has brought on Chinese auto company Beijing Automotive Industry Holding Co Ltd (BAIC) to secure the financing needed to buy Saab from General Motors, Koenigsegg said on Wednesday. READ »

Geely confirms Volvo interest

Business & Money: 8 Sep 09
Chinese car giant Geely confirmed on Tuesday that it is considering a bid for Ford's Swedish subsidiary Volvo Cars. READ »

Volvo truck sales collapse by half

Business & Money: 27 Aug 09
Swedish truck manufacturer Volvo Trucks has reported that sales of its vehicles collapsed by 54 percent in July. READ »

'Brand Sweden' goes local

Analysis & Opinion: 24 Aug 09
Nation-branding, though controversial in some quarters, is becoming ever more important and can be of great value to towns and regions wishing to reach out to the wider world, writes Joakim Norén of the Swedish Institute. READ »

Bumper Friday for krona and stocks

Business & Money: 21 Aug 09
The Stockholm stock exchange and the krona both hit record levels for the year on Friday as several economic indicators point to an upswing in Sweden's economic fortunes. READ »

Sweden's recovery gathering pace: Borg

Politics: 21 Aug 09
Sweden's government has revised its gloomy economic prognosis upwards, announcing on Friday that it expects the country's GDP to increase by 0.6 percent in 2010, before making greater strides towards a full recovery in 2011 and 2012. READ »

Former parent 'not interested' in Volvo Cars

Business & Money: 17 Aug 09
Volvo Cars' one-time parent company Volvo Group has thrown cold water on claims that it is mulling membership of a consortium working to bring the auto maker back to Sweden. READ »

US owners take major stake in Volvo Group

Business & Money: 17 Aug 09
American investment firm Capital Group has become AB Volvo's second largest shareholder increasing its stake to six percent of the Swedish truck manufacturer. READ »

Man shot dead in Malmö

National: 15 Aug 09
A man was shot dead on Friday night outside a petrol station in Malmö. The 23-year-old man was allegedly involved in criminal activity, according to police. READ »

Swedish consortium enters battle for Volvo

Business & Money: 15 Aug 09
A new consortium dominated by Swedish owners has at the last minute joined in the battle to purchase Volvo Cars from Ford, according to media reports. READ »

Chinese firm close to Volvo Cars bid: report

Business & Money: 6 Aug 09
Chinese automaker Geely is putting the finishing touches to a bid to become a majority owner of Volvo Cars as head of a consortium that will also include an undisclosed Swedish investor, business daily Dagens Industri reports. READ »

Gotland governor ousted over beach row

Politics: 4 Aug 09
Gotland county governor Marianne Samuelsson has been forced to step down from her post after she was taped arguing in favour of preferential treatment for a local businessman. READ »

Saab sales in Sweden near rock bottom

Business & Money: 3 Aug 09
Car dealers in Sweden are continuing to suffer from the economic downturn, with Saab seeing the worst of a dip that saw fewer 400 of its new cars hit the roads in July. READ »

Gotland official called in over favouritism claims

National: 30 Jul 09
The county governor of the Baltic island of Gotland, Marianne Samuelsson, has been summoned by the government to explain comments claiming that prominent business people should be given favourable treatment. READ »

Record losses for Sweden's Volvo Group

Business & Money: 21 Jul 09
Swedish truck maker Volvo Group on Tuesday reported its largest-ever quarterly loss amid as massive write-offs and weak demand took their toll on profits. READ »

Volvo Buses lands major order from China

Business & Money: 22 Jun 09
Volvo Buses, along with its Chinese subsidiary, plans to deliever 1,500 buses to a group in Shanghai, China in a deal worth 1.3 billion kronor ($162 million). READ »

Fifty years of Ikea on display in Stockholm museum

Lifestyle: 19 Jun 09
Stockholmers no longer need to travel to Barkaby or Kungens Kurva to get their Ikea fix. Fans of cheap-but-chic home furnishings can instead head to a downtown Stockholm museum to see a retrospective of the furniture giant's 50 years of liveable design, the AFP's Mark Preel reports. READ »

What's on in Sweden: June 19 - 25

Lifestyle: 18 Jun 09
What's on in Sweden: Morrissey & Midsummer fun in Stockholm; AC/DC & Euro 2009 U-21 football in Gothenburg; Yasmina Reza's ART in Malmö. READ »

China's Geely to buy Volvo Cars: report

Business & Money: 18 Jun 09
Volvo Cars is to be sold to Chinese automaker Geely following an initial agreement with Ford, according to media reports in China. But representatives from both companies deny any deal is in the works. READ »

Koenigsegg buys Saab: confirmed

National: 16 Jun 09
Saab Automobile is to be sold to Swedish sports car maker Koenigsegg, Saab has confirmed. READ »

Swedish boat sails to overall victory in Volvo Ocean Race

Sport: 16 Jun 09
Ericsson 4 of Sweden won the Volvo Ocean Race on Monday, marking the second time a Swedish boat has placed first in the grueling nine-month round-the-world sailing competition. READ »

Swedish and US yachts do battle over Stockholm stage

Sport: 15 Jun 09
Sweden's two Ericsson yachts were neck and neck with US entry Puma Ocean Racing Monday as the boats sprinted for Stockholm on the ninth stage of the Volvo race around the world. READ »

What's on in Sweden: June 12 - 18

Lifestyle: 11 Jun 09
What's on in Sweden: Neil Young & Ikea exhibition in Stockholm; Euro 2009 U-21 football in Gothenburg; Orchestra Baobab in Malmö. READ »

Swedish yacht secures home win in Volvo race

Sport: 11 Jun 09
Sweden's Ericsson 4 docked at Marstrand in southwest Sweden on Thursday morning as the clear leader of the nine-month yacht race, which is set to conclude later this month. READ »

Volvo Group cancels some layoffs as other jobs are cut

Business & Money: 10 Jun 09
Sweden's Volvo Group announced plans on Tuesday to cut 160 white collar jobs at its aeronautics arm while at the same time more than 300 other workers were told their jobs had been spared. READ »

Swedish auto town cannot imagine life without Saab

Analysis & Opinion: 8 Jun 09
For the 55,000 residents of Trollhättan in southwestern Sweden, the idea of life without Saab is unthinkable, writes AFP's James Franey. READ »

EU approves Volvo loan guarantees

Business & Money: 5 Jun 09
The European Commission has approved the Swedish government’s request for loan guarantees for Volvo cars. READ »

Volvo Group cancels planned layoffs after union deal

Business & Money: 29 May 09
Sweden's Volvo Group has scrapped plans to make 600 employees redundant following the completion of a deal with Swedish unions to cut working hours instead, the company announced on Friday. READ »

Belgium aids Volvo in bid to protect jobs

Business & Money: 25 May 09
The Flemish government has responded positively to an appeal from Volvo Cars CEO Stephen Odell to support its Belgian operations including guaranteeing European Investment Bank loans. READ »

Summer rail destinations: Gothenburg

Travel: 15 May 09
Having long been defined by its industrial and maritime history, Göteborg has since reinvented itself. The old ports and warehouses have been replaced by cafes, bars, and one of the liveliest cultural scenes in the region. READ »

Scania to save jobs in Sweden with 4-day work week

Business & Money: 15 May 09
Truckmaker Scania announced on Friday plans to implement a 4-day week in June for its 12,000 workers in Sweden in an effort to avoid redundancies as the economic crisis continues to take its toll on truck sales. READ »

Volvo Cars turns to Belgium for loan help

Business & Money: 14 May 09
Following a breakdown in talks between Volvo Cars and the Swedish government over loan guarantees, the automaker now plans to ask authorities in Belgium for help securing a loan from the European Investment Bank (EIB). READ »

Job cuts key to Swedish auto sector survival: experts

Business & Money: 13 May 09
The path to survival for Sweden’s auto industry is cutting jobs and focusing on niche products, experts said on Wednesday. READ »

No European loan for Volvo Cars

Business & Money: 7 May 09
A bid by Volvo Cars to secure a €200 million ($266 million) loan from the European Investment Bank fell apart after talks with the Swedish government broke down, the company said on Thursday. READ »

Factory workers boo Volvo Group CEO

National: 29 Apr 09
Volvo Group CEO Leif Johansson was booed and heckled by disgruntled employees during a visit to a Volvo truck plant in Tuve near Gothenburg. READ »

Scania sees profits and orders plummet

Business & Money: 27 Apr 09
Net profits at Swedish truckmaker Scania plunged 93 percent to 179 million kronor for the first quarter ($21.8 million), the company reported on Monday as orders for new vehicles also took a dive. READ »

Losses at Volvo as demand hits the skids

Business & Money: 24 Apr 09
Swedish truck maker AB Volvo confirmed mounting losses for the first quarter on Friday, reporting that demand has collapsed in the wake of the financial crisis. READ »

More layoffs at Volvo Group

Business & Money: 22 Apr 09
Volvo Group announced on Wednesday it was cutting an additional 1,543 jobs in Sweden, with most redundancies coming at the group’s Volvo Truck division. READ »

Volvo recalls 21,000 cars over faulty fan

Business & Money: 21 Apr 09
Sweden's Volvo Cars is set to recall over 21,000 vehicles across Europe due to reports of faulty cooling fans, according to a company spokesperson on Monday. READ »

Chinese suitors plan visit to Volvo Cars: report

Business & Money: 20 Apr 09
Chinese auto company representatives interested in buying Volvo Cars from Ford will be heading to Sweden next week to visit the troubled Swedish carmaker’s European headquarters. READ »

Judgment day for Saab as creditors gather

Business & Money: 6 Apr 09
The future of beleaguered Swedish car maker Saab hangs in the balance on Monday as creditors gather in court to determine if the group's restructuring process can continue. READ »

Unpaid blogger risks losing unemployment benefits

Society: 2 Apr 09
A former Volvo worker in southern Sweden has been told to stop blogging for his local newspaper if he wants to retain his unemployment insurance. READ »

GM deadline puts pressure on Saab

Analysis & Opinion: 31 Mar 09
Washington's decision to hand General Motors a new deadline to reach viability and to demand it sack its chief executive could put more pressure on the company's beleaguered Swedish subsidiary Saab, analysts said on Tuesday. READ »