Edition:
United Kingdom

Johannes Hellstrom

Nvidia boosts self-driving AI business with Volvo trucks deal

18 Jun 2019

STOCKHOLM Sweden's AB Volvo is joining forces with Nvidia Corp to develop artificial intelligence used in self-driving trucks, in a boost for the U.S. chipmaker that was dropped by Tesla Inc last year.

Sweden's Northvolt raises $1 billion to complete funding for mammoth battery plant

12 Jun 2019

STOCKHOLM Automakers Volkswagen and BMW are among the investors in Europe's biggest lithium-ion battery plant, Sweden's Northvolt said on Wednesday after it raised $1 billion in equity capital to complete funding for the facility.

Sweden's Veoneer to sell $500 million of bonds, equity to boost working capital

21 May 2019

Swedish auto tech company Veoneer plans to shore up its working capital by $500 million (394 million pounds) through the sale of bonds and shares, as it waits for a strong order book to translate into a pick up in earnings.

UPDATE 2-Sandvik eyes listing of specialty steel business

06 May 2019

* Unit has been seen as long-standing spin-off candidate (Adds more context, analyst, updates shares)

UPDATE 2-Epiroc shares drop as mining gear orders disappoint

30 Apr 2019

* Mining equipment orders 5 pct below forecast, service in line

UPDATE 2-SKF names Basware finance head Rosenlew as CFO

30 Apr 2019

* IT experience in focus as SKF digitises, automates operations

Sweden's Veoneer to raise cash as driverless car progress slows

29 Apr 2019

STOCKHOLM Sweden's Veoneer said on Monday it would seek up to $500 million in new capital to help the maker of electronic car products cope with a downturn in the vehicle market and fund new product development.

Truckmaker Volvo profit tops forecast as supply chain squeeze eases

24 Apr 2019

STOCKHOLM Truckmaker AB Volvo beat first-quarter profit forecasts on Wednesday as it sold more higher priced vehicles and margins benefited from an easing of supply chain bottlenecks for components such as engines and gear boxes.

Ericsson shares hit four-year high after profit tops forecasts for fifth quarter

17 Apr 2019

STOCKHOLM Ericsson posted a first-quarter profit on Wednesday that swept past forecasts due to strong growth in North America and cost cuts, spurring the telecom equipment maker to boost its full-year outlook for the global networks market.

World News