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SWEDEN

Sweden's Volvo reports spike in profits

STOCKHOLM: Sweden's Volvo, the world's second-largest maker of trucks, said on Friday, 24 October, it saw a spike in profits in the third quarter, boosted by thriving sales in the US and Japanese markets.

28 Oct 2014

SWEDEN

Volvo cuts 2,400 more jobs as truck sales drop

STOCKHOLM, SWEDEN - Swedish truck maker Volvo is cutting 2,400 jobs in addition to 2,000 cuts the group announced in October, in a move aimed at boosting falling profitability.

8 Feb 2014

SWEDEN

Saab to enter Chinese market after two-year break

STOCKHOLM, SWEDEN - Saab cars will roll off the production line in Sweden two years after the former General Motors subsidiary filed for bankruptcy.

2 Dec 2013

SWEDEN

Volvo, Electrolux slash total of 4,000 jobs

STOCKHOLM, SWEDEN: Swedish industrial heavyweights Volvo trucks and Electrolux announced a total of 4,000 job cuts around the world on Friday when they published disappointing figures for the third quarter.

28 Oct 2013

SWEDEN

Volvo sales fall, loss reported

STOCKHOLM, SWEDEN: Swedish heavy truck and construction equipment manufacturer Volvo last week reported a quarterly loss as sales plummeted to their lowest since the start of Europe's financial crisis.

29 Apr 2013