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May 28, 2012
Auto_industry
The following articles have been tagged with "Auto_industry":
Saab, Hawtai rebuff embassy criticism
Business & Money: 6 May 11
Saab new Chinese partner Hawtai on Friday dismissed concerns voiced by the Swedish embassy in Beijing about the company's capacity to rescue the troubled Swedish automaker.
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Saab debts top 'several hundred million'
Business & Money: 13 Apr 11
As production at Swedish carmaker Saab remains on hold due to unpaid bills, a trade association representing auto industry suppliers has claimed that the firm's debts exceed several hundred million kronor.
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Spyker can't change its name to Saab
Business & Money: 7 Apr 11
Swedish defence contractor Saab AB doesn't want Spyker Cars, owner of the similarly named Swedish automaker, to have Saab in its new name. Meanwhile, Saab assembly lines remain idle amid continued negotiations with suppliers.
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Unpaid bills halt Saab car production
Business & Money: 30 Mar 11
Saab Automobile was forced to halt production at its factory in Trollhättan in western Sweden on Tuesday after a transport company halted deliveries due to millions of kronor in unpaid invoices.
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Volvo Cars plans to hire 1,200 new staff
Business & Money: 29 Mar 11
Swedish car maker Volvo said Tuesday that it plans to hire 1,200 new employees, mostly engineers to meet the development of electric cars and production expansion.
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'Saab's future in jeopardy': auto expert
Business & Money: 7 Jan 11
A prominent auto industry expert has warned that, based on current figures, Saab Automobile won’t likely survive more than three more years.
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Truckmaker Scania posts surprise Q2 results
Business & Money: 23 Jul 10
Swedish truckmaker Scania reported unexpectedly strong second-quarter results on Friday as the auto industry rebounded from a disastrous 2009, when the global economic downturn savaged demand.
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Unions and employers sign collective agreements
National: 27 Mar 10
Several collective agreements were reached on Friday during annual wage bargaining between Swedish trade unions and employers' organisations. Among others, the IF Metall union will receive a 3.2 percent wage increase for the next 22 months.
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Spyker completes Saab deal
National: 23 Feb 10
Spyker and General Motors have completed the final paperwork to seal the Dutch luxury car maker's purchase of Saab Automobile.
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Spyker chief opens door to Russian owner
Business & Money: 16 Feb 10
Spyker CEO Viktor Muller has declared that he would welcome the return of controversial Russian financier Vladimir Antonov to the firm, which recently announced the takeover of Sweden's Saab Automobile.
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Saab green light from Spyker shareholders
Business & Money: 12 Feb 10
Spyker's shareholders have given the all clear fro the Dutch luxury car maker to press ahead with the purchase of Saab Automobile from General Motors.
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Sweden reacts with joy and caution to Saab sale
National: 27 Jan 10
Unbridled enthusiasm and cautious optimism, along with a dash of outright scepticism, marked the editorial pages of Swedish newspapers on Wednesday in reaction to news of Saab Automobile’s sale to Spyker Cars.
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'Totally overwhelming': voices from Trollhättan
Analysis & Opinion: 26 Jan 10
Saab sale sparks delight in Trollhättan in western Sweden, home to some 3,400 Saab employees.
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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.
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Spyker confirms revised Saab bid
National: 8 Jan 10
Dutch sports car maker Spyker has confirmed that it submitted a renewed bid for Saab Automobile before the expiry of General Motors' Thursday evening deadline.
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Luxembourg bidder in late burst to buy Saab
National: 7 Jan 10
Luxembourg-based investment firm Genii Capital has joined the race to buy Saab Automobile from US owner General Motors, according to Swedish media reports.
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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.
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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.
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Marketing guru: I can save Saab
Business & Money: 28 Dec 09
A French-born, US-based marketing expert who has often criticized American carmakers claims he can turn around troubled Swedish automaker Saab Automobile.
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GM to press ahead with Saab shutdown: report
National: 25 Dec 09
General Motors is set to proceed with the organized wind-down of Saab Automobile despite a last ditch bid from Dutch sportscar maker Spyker, according to Swedish media reports.
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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.
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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.
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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.
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Spyker extends Saab deal deadline
National: 21 Dec 09
Dutch car maker Spyker has dropped its Monday evening bid deadline and remains in talks with General Motors over the possible purchase of Saab. Sweden's government has pledged to aid Saab workers if the deal falls through.
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Autoliv slashes 820 jobs worldwide
Business & Money: 21 Dec 09
Swedish car safety giant Autoliv has announced several global plant closures and major job cuts as part of a cost-cutting strategy to adapt to a worldwide auto industry downturn.
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Analysts wary of Spyker bid amid crisis talks
National: 21 Dec 09
Sweden's government held crisis talks with union representatives in Stockholm on Monday as the clock ticks down on Saab Automobile's stay of execution.
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Saab: 60 years of love, debt and tears
National: 18 Dec 09
General Motors' announcement on Friday that it will wind down its lossmaking brand Saab Automobile brings an end to the iconic Swedish brand after six decades of car manufacturing.
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Chinese firms could swoop for Saab: analyst
Business & Money: 25 Nov 09
The future of Saab Automobile is hanging in the balance after Swedish sports car maker Koenigsegg announced on Tuesday that it was pulling out of a deal to buy the iconic brand from General Motors.
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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.
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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.
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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.
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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.
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Saab takes new road after 20 years with GM
Business & Money: 16 Jun 09
The announcement by General Motors on Tuesday that it will sell Swedish automaker Saab to niche sportscar manufacturer Koenigsegg ends ties dating back 20 years with the Detroit auto giant.
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Olofsson confirms Fiat's interest in Saab
Business & Money: 27 May 09
Sweden’s enterprise minister Maud Olofsson confirmed on Wednesday that Fiat is one of several bidders interested in purchasing Saab Automobile from US-based General Motors.
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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.
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Saab CEO denies Fiat merger rumours
Business & Money: 5 May 09
The head of Saab Automobile on Tuesday denied rumours that the Swedish automaker was in discussions with Italy’s Fiat over a possible takeover.
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Suitors tour Saab headquarters
Business & Money: 16 Apr 09
Buyers interested in purchasing in beleaguered Saab Automobile have been visiting the company’s main base of operations this week to get more information about its factories, organization, and business plan.
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Swedish autoparts maker goes bankrupt
Business & Money: 5 Mar 09
Swedish autoparts supplier Plastal, which provides parts to both Volvo and Saab, announced on Thursday it had filed for bankruptcy.
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Reinfeldt denounces state auto bailouts
Politics: 2 Mar 09
Fredrik Reinfeldt on Sunday blasted plans by his European counterparts to aid their domestic auto sectors with taxpayer money, calling instead for a cut in capacity.
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GM 'hasn't taken responsibility for Saab'
Business & Money: 23 Feb 09
Sweden’s enterprise minister Maud Olofsson praised Saab employees on Monday, while at the same time chastising General Motors for abandoning the troubled Swedish brand.
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Sweden: no collapse in Saab talks with GM
Business & Money: 16 Feb 09
The Swedish government denied reports in a breakdown in talks between beleaguered US automaker General Motors (GM) and Sweden over the future of Saab.
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'Bring back scrap bonus': Volvo
Business & Money: 28 Jan 09
The head of Volvo Cars has called on Sweden's government to help stimulate the auto industry by reintroducing a cash incentive scheme for scrapped cars.
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Government details crisis measures
Business & Money: 22 Jan 09
The government on Thursday presented a government bill containing measures to counteract Sweden's current economic crisis, including emergency loans to the country’s struggling auto sector.
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GM executive: Saab 'dependent on Swedish state'
National: 12 Jan 09
Assistance from the Swedish state is the only way Saab Automobile can bring any new models to market, a General Motors (GM) executive said over the weekend.
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Car industry aid sparks heated debate
National: 18 Dec 08
The Social Democrats’ economic political spokesperson Tomas Eneroth slammed the government’s reaction to the problems plaguing the Swedish auto industry during a special debate in the Riksdag on Thursday.
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Sweden to launch car industry aid package
Society: 11 Dec 08
The Swedish government announced plans on Thursday to launch a 28 billion kronor ($3.42 billion) aid package for the country's beleaguered car industry.
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Engineers: 'merge Volvo and Saab'
Business & Money: 10 Dec 08
Representatives for thousands of engineers at Saab Automobile and Volvo Cars have proposed that the only way to save Sweden’s auto industry is to merge both companies into one single car manufacturer.
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Greater numbers of Swedish companies going bust
Business & Money: 5 Dec 08
Companies in Sweden are going bankrupt at an ever faster pace, new statistics show.
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Sweden to unveil new stimulus package
Politics: 4 Dec 08
The Swedish government is discussing a package of measures to cushion the economy from the blow of the global financial crisis, a government source said on Thursday.
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Ford mulls Volvo sale
Business & Money: 1 Dec 08
Swedish car maker Volvo has said it was not surprised by US auto company Ford's announcement on Monday that it was considering selling its Swedish subsidiary.
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Ford and GM seek Swedish aid: report
Business & Money: 1 Dec 08
Ford and General Motors (GM) have asked the Swedish government for financial assistance in an attempt to improve the finances of Volvo and Saab ahead of the anticipated sale of the two brands.
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Poll: Swedes in favour of Volvo nationalization
National: 29 Nov 08
The Swedish people want the state to bail out troubled car-maker and national icon Volvo, a new poll shows.
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Volvo Group willing to help troubled Volvo Cars
Business & Money: 27 Nov 08
The Volvo Group has said it would help support Volvo Cars in order to protect the Volvo brand in the event that the carmaker’s parent Ford goes bankrupt.
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GM considers ditching Saab: report
Business & Money: 27 Nov 08
Saab Automobile is among the brands US automaker General Motors (GM) is thinking about unloading in order to get through its current crisis.
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'Swedish car makers should come home'
Analysis & Opinion: 25 Nov 08
With Ford and GM, the respective owners of Volvo and Saab's car divisions, struggling for their survival, Sweden needs to regain the initiative and nationalize its auto industry, argues Rolf Wolff, dean of the School of Business, Economics and Law at Gothenburg University.
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'Nationalize Volvo and Saab': professor
Business & Money: 24 Nov 08
Rolf Wolff, dean of the school of business at Gothenburg University, has called on the government to nationalize the Swedish auto industry.
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Proposal to shield car companies from industrial spies
Politics: 30 Sep 08
A Riksdag member from Arjeplog in northern Sweden is proposing a new bill which may restrict one of Sweden’s most cherished rights in order to protect the auto industry from industrial espionage.
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Government to scrap green car rebate
Science & Technology: 8 Sep 08
The government is facing criticism for its decision to phase out popular green car subsidies next summer, six months earlier than originally planned.
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GM boss: 'Saab is a critical part of our European portfolio'
Business & Money: 26 Jul 08
General Motors will begin building Saab vehicles in the United States rather than put its Swedish subsidiary up for sale, GM chairman and CEO Rick Wagoner said on Friday.
READ »
Auto industry jewel slips into foreign hands
Business & Money: 3 Mar 08
Volkswagen's acquisition of truckmaker Scania saw one of the Swedish auto industry's last crown jewels pass into foreign hands, following in the footsteps of Volvo and Saab.
READ »
Manufacturing investments due to rise
Business & Money: 31 May 07
Investments in manufacturing and other heavy industries will rise by 15 percent this year, according to a survey by Statistics Sweden.
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Volvo and Skandia in three year IT deal
Business & Money: 14 Mar 05
Volvo IT, a subsidiary of Volvo, has taken over responsibility for the Skandia insurance company's mainframe computers.
READ »
Meet Sanna, 9 years old
Sanna is one of 2 million people in Sweden under the age of 18. Sweden is seen as a good place to grow up. The law makes sure children are well-protected and defends their rights and any organizations work with children's well-being. Read more »
Strindberg, king of drama
August Strindberg's plays shocked society, dazzled audiences and revolutionized drama. A century after his death, Strindberg, with his powerful, timeless themes, is celebrated around the world. Read more »
Prime Minister Reinfeldt chats with The Local »
"If you missed it yesterday, here’s The Local’s editor David Landes snagging Prime Minister Reinfeldt for a chat before Princess Estelle’s baptism. Always nice to know the PM has time for TL!" READ »
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