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Volvo Cars incurs massive losses

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17:02 CET+01:00
Volvo Cars saw its problems worsen on Friday as the company recorded a third quarter loss of $458 million (3.6 billion kronor).

The results were considerably worse than those posted for the same period last year, when Volvo registered losses of $167 million.

Volvo has previously this year announced plans to lay off more than 6,000 workers.

Further savings measures are planned for the future, according to the report.

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The ‘fairytale' boarding school nestled in a Swedish village

The words ‘boarding' and ‘school' often summon images of strict teachers, drab dormitories and downcast children. That image couldn't be further from reality at Sigtunaskolan Humanistiska Läroverket (SSHL), where boarders describe the ‘fairytale' school as a home away from home.