Sweden edition

Eib

The following articles have been tagged with "Eib":

Sister retracts 'honour killing' allegations

National: 10 Jan 12
A 21-year-old woman from Gothenburg in western Sweden who had accused her brother of threatening to take her life in an “honour killing", retracted her allegations on the opening day of the trial on Monday. READ »

Muller: Saab bankruptcy 'the darkest day'

National: 19 Dec 11
A Swedish court approved Saab Automobile's bankruptcy petition on Monday afternoon after a dejected Victor Muller, CEO of the embattled Swedish automaker, told reporters it was “the darkest day in Saab's history”. READ »

Saab backer Antonov held in London: report

Business & Money: 25 Nov 11
Russian financier and once prospective buyer of cash-strapped Swedish carmaker Saab, Vladimir Antonov, has been detained in London, on suspicion of embezzling money from a Lithuanian bank. READ »

Saab backer Antonov suspected of fraud

Business & Money: 23 Nov 11
Lithuanian prosecutors have issued a European arrest warrant for the Russian financier and Saab backer Vladimir Antonov on suspicion of fraud and money laundering. READ »

GM halts sale of Saab to Chinese firms

Business & Money: 7 Nov 11
US automaker General Motors (GM) has put the brakes on the planned purchase of Sweden's Saab by two Chinese carmakers over concerns about technology licensing. READ »

General Motors mulls blocking Saab sale

Business & Money: 6 Nov 11
US automaker General Motors said Saturday that it may block the sale of Saab to two Chinese companies, citing concerns of its supplier relationship to the insolvent Swedish carmaker. READ »

Chinese officials support Saab deal 'in principle'

Business & Money: 1 Nov 11
A Chinese minister said Tuesday his government supported “in principle” plans by Chinese automakers Pang Da and Youngman to purchase troubled Swedish automaker Saab Automobile. READ »

Swedes propose EU debt crisis solution: report

Business & Money: 6 Oct 11
Swedish politicians are reported to be behind a proposal to allow the European investment bank (EIB) to play a key role in the rescue of troubled European banks. READ »

Facebook video puts brakes on Swedish speedster's Swiss appeal

Society: 3 Oct 11
A Swedish driver clocked at nearly 300 km/h in Switzerland last year is due to appear in court this week to appeal his hefty fine, despite posting an incriminating video of his nearly ‘travel adventures’ on Facebook. READ »

No news from Saab as worker discontent mounts

Business & Money: 1 Aug 11
Five days after Saab employees learned they wouldn't receive their salaries for July, the troubled Swedish automaker has yet to update workers about the situation as union members take steps to force the company into bankruptcy. READ »

Antonov can't be an owner in Saab: EIB

Business & Money: 29 Jul 11
Russian tycoon Vladimir Antonov cannot be an owner of Swedish carmaker Saab according to conditions of the European Investment Bank (EIB) loan that helped keep the company afloat, the bank confirmed on Thursday. READ »

Replace Muller as Saab CEO: local politician

Business & Money: 27 Jul 11
Victor Muller should be replaced as CEO of Saab, a local Swedish politician has argued followed the latest twist in the ongoing cashflow crisis at the beleaguered Swedish car firm. READ »

Saab plans to replace EIB loan to ease Antonov takeover: report

Business & Money: 25 Jul 11
Saab Automobile has plans to replace a 2.2 billion kronor ($346.6 million) loan facility from the European Investment Bank, allowing Russian businessman Vladimir Antonov to step in as owner, according to Swedish media reports. READ »

Saab subsidiary avoids bankruptcy

Business & Money: 22 Jul 11
Saab subsidiary Saab Automobile Tools has avoided collapse after reaching an agreement with a supplier which had earlier on Friday applied for the firm to be declared bankrupt. READ »

Supplier applies for Saab subsidiary bankruptcy

Business & Money: 22 Jul 11
A supplier to Saab subsidiary Saab Automobile Tools has applied for the firm to be declared banktupt. READ »

Saab suppliers seek Antonov contact

Business & Money: 20 Jul 11
Suppliers to cash-strapped Swedish car maker Saab have tired of the ongoing financing uncertainty and have sought direct contact with Russian financier and would-be Saab investor Vladimir Antonov. READ »

Fresh questions raised over Saab finances

Business & Money: 13 Jul 11
The future of cash-strapped Swedish automaker Saab remains uncertain after doubts emerged over the finances of potential investor Vladimir Antonov and the revelation that the company has substantial tax debts. READ »

Swedish government approves Saab deal

Business & Money: 7 Jul 11
The Swedish government has approved Saab’s property sale, according to a statement issued from the ministry for enterprise and energy on Thursday. READ »

Saab's property deal approved by EIB

Business & Money: 4 Jul 11
On Monday the European Investment Bank (EIB) announced its approval Saab’s property sale, which will give the company the much needed cash-injection it sought to acquire through the sale. READ »

Saab to pay staff after new China order

Business & Money: 27 Jun 11
An unnamed Chinese firm has ordered 582 cars from the crisis-hit Swedish car maker Saab in an order worth around €13 million ($18 million) and enabling the beleaguered firm to pay staff salaries. READ »

Muller only member left on Saab board

Business & Money: 27 Jun 11
Saab CEO Victor Muller is the only member left on the board of directors of the troubled Swedish automaker after the departure of several board members in recent days. READ »

Factory sale may hold key to Saab's future

Business & Money: 25 Jun 11
Talks will continue over the weekend between Saab automobile and real estate company Hemfosa in the latest bid to save the ailing car maker. READ »

German police probe Ikea blast links

National: 13 Jun 11
Investigators in Germany are exploring possible connections between a blast at an Ikea store in Dresden and explosions at other outlets of the Swedish furniture chain elsewhere in Europe. READ »

Olofsson meets Antonov over Saab

Business & Money: 25 May 11
Russian financier met Sweden's enterprise minister Maud Olofsson on Tuesday to explain why he wants to invest money in cash-strapped car maker Saab. READ »

Saab future in doubt after Chinese fall out

Business & Money: 13 May 11
The future of Swedish car maker Saab was thrown back into doubt without a way into the crucial Chinese market, after a funding deal for the Saab-Spyker group fell through on Thursday. READ »

Saab abandons deal with China's Hawtai

Business & Money: 12 May 11
A deal between Saab owner Spyker Cars and China's Hawtai has been scrapped, according to Spyker, although discussions about possible collaboration continue. READ »

Questions remain over Saab financing

Business & Money: 4 May 11
There are still uncertainties regarding new financing arrangements for cash-strapped Swedish carmaker Saab despite Tuesday’s announcement of a 'strategic partnership' with Chinese Hawtai Motor Group. READ »

Fresh cash, new Chinese partner set to revive Saab

National: 2 May 11
Production at Swedish car maker Saab is set to resume within a week after the firm secured a deal for a €30 million ($45 million) cash injection on Monday amid reports that the company had also forged a partnership with a Chinese automaker. READ »

Saab debts mount as cash search continues

Business & Money: 2 May 11
The problems continue to mount at Swedish carmaker Saab with mounting debts, falling sales and an ongoing search for Chinese finance still without result. READ »

Sweden’s Saab - back to the future?

Analysis & Opinion: 28 Apr 11
With Swedish carmaker Saab once again teetering on the brink of financial disaster a little over a year after it was saved from bankruptcy, The Local’s Peter Vinthagen Simpson reviews the recent trials and tribulations of this once iconic brand. READ »

Antonov gets green light for Saab stake

National: 28 Apr 11
Russian financier Vladimir Antonov has received approval from former Saab owner General Motors and the Swedish National Debt Office to become a part owner of troubled Swedish automaker. READ »

Saab staff on hold as cash search continues

National: 28 Apr 11
Cash-strapped Swedish car maker Saab told staff on Wednesday that they were not needed back at work as the search for financing continues to enable the firm to restart production lines left idle for over three weeks. READ »

Antonov to Sweden for Saab crisis talks

Business & Money: 26 Apr 11
Russian financier Vladimir Antonov is to arrive in Sweden on Tuesday to meet state representatives to discuss the future of crisis-hit Swedish carmaker Saab. READ »

Lay-offs loom at Saab suppliers

Business & Money: 23 Apr 11
Suppliers to beleaguered Swedish carmaker Saab have reported that they will be forced to start laying off staff if there is no decision by the European Investment Bank to approve the sale of real estate by the end of this weekend. READ »

'EIB behind Saab property deal delay'

Business & Money: 21 Apr 11
Beleaguered Swedish carmaker Saab Automobile remains in limbo pending confirmation of a deal to sell property holdings to raise cash, as the European Investment Bank is seeking further assurances, according to a report on Thursday. READ »

Saab faces tough battle to survive: experts

Business & Money: 17 Apr 11
Although the Swedish government helped Saab last week by easing its liquidity issues, many industry observers are skeptical that the company can survive. READ »

Sweden approves new Saab financing plans

Business & Money: 15 Apr 11
The Swedish government announced on Friday it would allow cash-strapped automaker Saab to alter its financing in order to continue its operations, but only under certain conditions. READ »

National Debt Office opens up for Saab loans

Business & Money: 15 Apr 11
On Thursday the National Debt Office took a small step towards Saabs recovery by opening up for the cash-strapped carmaker to receive loans from other sources than the EIB. READ »

Saab confirms 'extended' production stoppage

Business & Money: 12 Apr 11
Spyker Cars, the Dutch owner of Sweden's Saab, said Tuesday that production will remain on hold while it searches for a solution to funding problems in order to pay suppliers. READ »

Spyker confirms talks to sell Saab real estate

Business & Money: 11 Apr 11
Spyker Cars, the Dutch owner of embattled Swedish carmaker Saab, has confirmed that it is in talks to sell off Saab factories in a bid to address cashflow problems which have left production at a standstill. READ »

Saab production halted 'until further notice'

Business & Money: 6 Apr 11
Cash-strapped Swedish carmaker Saab announced on Wednesday that it was cutting all production at its Trollhättan plant until it has found a solution to persistent delivery problems. READ »

Saab seeks to allay financial health fears

Business & Money: 4 Apr 11
Swedish carmaker Saab and its Dutch owner Spyker took steps on Monday to reassure investors that the future is based on solid financial ground, while reports indicate that Spyker head Victor Muller doubled his salary in 2010. READ »

Deliveries resume after late Saab payment

Business & Money: 1 Apr 11
A major supplier to Saab Automobile that had halted deliveries to the Swedish brand began sending parts again on Friday after the carmaker finally paid an overdue invoice. READ »

Antonov ready to be an owner of Saab

Business & Money: 10 Mar 11
Russian financier Vladimir Antonov expressed his doubts about sales goals for Saab Automobile on Thursday, adding that the Swedish automaker may need an extra buffer. READ »

Söderling reaches Rotterdam semi-finals

Sport: 11 Feb 11
Defending champion Robin Söderling saved a match point before defeating Germany's Philipp Kohlschreiber on Thursday to reach the Rotterdam ATP quarter-finals. READ »

Moderna Museet: Malmö art scene's new dawn

Lifestyle: 5 Jul 10
Moderna Museet Malmö has been open since the end of 2009 and Robert La Bua has found that it is exactly what the city needs to boost its art scene with an institution of international standing serving the community. READ »

Sweden pulls out the stops for royal wedding

Society: 17 Jun 10
Wedding fever has gripped Sweden this week amid frenzied last-minute preparations for Crown Princess Victoria's nuptials on Saturday with her former personal trainer Daniel Westling after more than eight years of courtship. READ »

Söderling reaches third round at French Open

Sport: 26 May 10
Robin Soderling took just 71 super-charged minutes to sweep aside hapless American Taylor Dent on Wednesday to reach the third round of the French Open. READ »

Stockholm photography museum thrills Leibovitz

Lifestyle: 21 May 10
A new museum on Stockholm's waterfront has created a buzz in the art world. Claire Hardman found Annie Leibovitz, the world's most revered photographer, was among those won over. READ »

Swedish monarchy losing support: poll

Society: 30 Apr 10
A increasing number of Swedes want to see an abolition of the monarchy and an elected head of state, a new report published on Friday shows. READ »

Geely closes in on Volvo takeover

Business & Money: 24 Mar 10
Chinese Geely representatives will arrive in Sweden over the weekend to complete the $1.8 billion purchase of Volvo Cars from Ford, on either Sunday or Monday, according to media reports. READ »

'Saab purchase delayed': Spyker CEO

Business & Money: 23 Feb 10
The purchase of Swedish car maker Saab by Spyker, scheduled to be completed on Tuesday, could be delayed by another day, the Dutch firm's CEO Victor Muller said on Tuesday. READ »

Spyker chief upbeat as EIB approves Saab loan

National: 12 Feb 10
The European Investment Bank has given the all clear for the completion of a €400 million loan to Saab Automobile. READ »

EU approves Sweden's Saab loan guarantee

Business & Money: 8 Feb 10
The EU's competition watchdog has approved the Swedish government's intention to guarantee a European Investment Bank (EIB) loan to automaker Saab. READ »

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. READ »

Genii Capital pulls out of Saab bidding process

Business & Money: 26 Jan 10
The Luxembourg investment firm backing Formula One boss Bernie Ecclestone's efforts to purchase Saab from General Motors said on Monday it was dropping out, leaving Dutch carmaker Spyker as the last remaining bidder. READ »

Saab deal not yet done: General Motors

National: 25 Jan 10
General Motors and the Swedish government have both poured cold water on rumours that Saab has been sold to Dutch sports car maker Spyker. "Negotiations are still ongoing," according to a GM spokesman. READ »

Dutch billionaire could save Saab: report

Business & Money: 25 Jan 10
Dutch billionaire businessman Marcel Boekhoorn has upped his investment in Saab suitor Spyker, replacing the Russian bankers who represented a stumbling block to the deal for General Motors, according to Swedish media reports. READ »

Spyker boss to Sweden over Saab future

National: 23 Jan 10
Negotiations between General Motors and Dutch luxury car maker Spyker over the future of Saab were believed to have moved to Stockholm on Friday, with media reports stating Spyker CEO Victor Muller paid a visit to the capital. READ »

Spyker renews Saab bid

National: 20 Dec 09
Dutch sports car maker Spyker has submitted a fresh bid for Saab Automobile despite GM's decision to shut down its Swedish unit. READ »

GM, not Sweden, should find Saab buyer: minister

Politics: 27 Nov 09
Sweden's enterprise minister Maud Olofsson laid responsibility for the sale of Saab firmly at the feet of owner GM on Friday, hitting back at criticism from Saab CEO Jan Åke Jonsson. READ »

Reinfeldt pushes for consensus on EU leader

Politics: 19 Nov 09
Swedish Prime Minister Fredrik Reinfeldt made a last ditch effort on Wednesday night to get EU leaders to agree on a candidate to become the European Union’s first president. READ »

Swedes cast about for EU job candidates

Politics: 16 Nov 09
Sweden, the current head of the EU's rotating presidency, is ratcheting up its hunt for consensus candidates for two new EU top jobs. Stockholm intends to have the positions filled at a summit later this week. READ »

Sweden calls summit over EU top jobs

Politics: 11 Nov 09
Sweden, which currently hold the rotating EU presidency, has called an extraordinary meeting in Brussels next week with the aim of presenting candidates for the new positions of president and foreign policy chief. READ »

Questions from Brussels may threaten Saab sale

Business & Money: 4 Nov 09
An emergency loan vital to completing the sale of Saab Automobile has been held up by questions from the European Commission, possibly jeopardizing the proposed deal. READ »

Wallström: EU president 'should be a woman'

Politics: 27 Oct 09
Amid discussions by EU foreign ministers about the need for strong leadership, Swedish EU commissioner Margot Wallström has called for the appointment of a woman to serve as EU president. READ »

European bank approves Saab loan request

National: 21 Oct 09
Saab Automobile has received permission to borrow 4 billion kronor from the European Investment Bank, the bank’s board revealed on Wednesday. READ »

Sweden agrees to guarantee Saab loan

Business & Money: 6 Oct 09
The Swedish government notified the European Commission on Monday that it was prepared to guarantee the 4 billion kronor ($570 million) loan that troubled automaker Saab is seeking from the European Investment Bank. READ »

Koenigsegg countdown to seal Saab deal

Business & Money: 26 Sep 09
The buy-out of Saab Automobile by the Koenigsegg Group hangs in the balance after co-owner Bård Eker states the company could withdraw its offer if business is not concluded in the next few days. 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 »

Shanghai car maker to join Saab deal: report

National: 8 Sep 09
Koenigsegg Group has informed the Swedish government that it has put together the financial package necessary to purchase Saab Automobile, while a Swedish business paper reports that a Chinese firm is also set to invest. READ »

Sweden refuses to fill capital hole in Saab deal

Business & Money: 19 Aug 09
The Swedish government has refused a request from Koenigsegg Group to lend a further 3 billion kronor ($412 million) to enable the firm to complete the purchase of Saab Automobile AB from ailing US giant General Motors. READ »

GM confirms Saab sale

Business & Money: 18 Aug 09
US automotive giant General Motors has confirmed that it has signed a stock purchase agreement with the Koenigsegg Group regarding the sale of Saab Automobile to the Swedish-led consortium. READ »

Saab hits brakes amid cash crunch

Business & Money: 30 Jun 09
Saab Automobile has the capacity to manufacture and sell more cars, but currently lacks the money it needs to do so. READ »

Sports car maker buys Saab: report

Business & Money: 11 Jun 09
Sporty Swedish car maker Koenigsegg has teamed up with a group of Norwegian investors to buy Saab from General Motors, according to Swedish media reports. 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 »

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 »

Man convicted in teen suicide rape case

National: 18 May 09
A 42-year-old man charged with sex offences against a 15-year-old girl who committed suicide prior to the trial was sentenced to three years imprisonment by a Jönköping court on Monday. 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 »

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 »

Prosecutor abandons teen suicide rape case

National: 14 Apr 09
The prosecutor in a high-profile rape case in Jönköping where a 15-year-old victim committed suicide before the trial, has withdrawn from the case. READ »

Volvo Cars freezes salaries to avoid redundancies

Business & Money: 12 Mar 09
Swedish car maker Volvo Cars announced on Thursday a freeze on salaries of all employees and slash executive pay in an attempt to avoid further redundancies. READ »

Saab announces Trollhättan layoffs

Business & Money: 12 Mar 09
Saab Automobile has given notice to 750 employees that their jobs at the company’s Trollhättan facilities in central Sweden may be cut. READ »

Swedish auto firms secure European loans

Business & Money: 11 Mar 09
Swedish car maker Volvo Cars, and truck makers Volvo Trucks and Scania, have secured loans totalling one billion euros ($1.26 billion) from the European Investment Bank. READ »

GM chief proposes Volvo-Saab merger

Business & Money: 3 Mar 09
Senior General Motors executive Bob Lutz has suggested that a solution to the problems faced by Swedish car firms Volvo and Saab would be to merge them - "that way both we and Ford get rid of a problem." READ »

Sweden to back Volvo's European loan bid

Business & Money: 24 Feb 09
Volvo Cars is likely to get support from the Swedish government in its request for a substantial loan from the European Investment Bank. READ »

Stockholm wins EU green capital award

Science & Technology: 23 Feb 09
Stockholm and Hamburg became the first cities to be named European Green Capital on Monday, as the European Commission announced the winners of its new environmental initiative. READ »

Saab laments 'mixed messages' from Sweden

Business & Money: 23 Feb 09
Tensions were high during a debate between Sweden’s enterprise minister Maud Olofsson and the CEO of Saab Automobile televised on Sveriges Television Sunday night. READ »

Sweden 'won't save Saab'

Politics: 18 Feb 09
The Swedish government said on Wednesday it would not intervene to take over Saab. Enterprise Minister Maud Olofsson slammed Saab's US owner General Motors for "abandoning" the struggling Swedish car maker. READ »

GM plan leaves Saab’s future in doubt

Business & Money: 18 Feb 09
Swedish automaker Saab may find itself filing for bankruptcy protection “as early as this month” if its US parent General Motors (GM) doesn’t get financial assistance from the Swedish government. READ »

GM wants Sweden's help with European loans for Saab: report

Business & Money: 12 Feb 09
The US-owners of Saab Automobile want Sweden to secure loans worth $600 million from the European Investment Bank (EIB) to keep the Swedish automaker running until it can be sold. READ »

Volvo applies for massive European loan

Business & Money: 29 Jan 09
Ford-owned Swedish car maker Volvo has applied for a 475 million euro loan from the European Investment Bank, the Swedish government said on Thursday. READ »

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. READ »

Gothenburg club and concert tips - June 6 - 8

Lifestyle: 5 Jun 08
Where to go out in Gothenburg this weekend? Monthly Magazine has the answers (Click links for more information) READ »

Uzbek refugee sues Swedish shopping mall

National: 3 Jun 08
A patriotic Uzbek refugee is seeking seeking 1 million kronor ($166,000) in damages from a shopping mall in southern Swedish for degrading the name of his hometown. READ »

The path to Swedish asylum: A smuggler speaks

Lifestyle: 19 Mar 08
Rami Abdelrahman travels to Jordan and tracks down the first link in the chain of an underground operation involved in the smuggling of Iraqi refugees to Sweden. READ »

Swedish politicians 'have low moral standards'

Politics: 21 Nov 07
Morals in Sweden are declining, most people think, with politicians' morals viewed as particularly low. READ »

Climate change tops agenda at global forest meet

Science & Technology: 1 Jul 07
Heads of state, politicians, scientists, business leaders and aid workers have all been congregating in a Swedish forest to discuss ways of tackling climate change. READ »

Pilot escapes plane crash

National: 7 Jan 07
The pilot of a light aircraft walked away with minor injuries after he crashed into a field in Dalarna on Saturday. READ »

Right-wing Swedes "happiest"

Society: 24 Jun 05
A happy Swede is most likely to be rich, married, right-wing and religious. And according to a new Swedish study, living in a small welfare state in northern Europe is the sure path to bliss. 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 »

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