Swedish automotive company Volvo Cars Corp. notified Northvolt AB, a partner in the NOVO Energy joint venture, of its intention to use the pre-emptive share repurchase right to acquire full control ...

In addition to his regular coverage of regional corporate heavyweights such as Ericsson, Nokia, H&M and Volvo, he frequently ... truck maker Scania acquired Northvolt’s heavy industry business ...

Northvolt's $15 billion collapse shook the cleantech industry. Its bankruptcy highlights risks in ambitious electric vehicle battery production. Redwood Materials is taking a different approach ...

Volvo Group’s North American truck operations are set to lay off about 1,000 employees in the coming weeks, CEO Martin Lundstedt said April 23. Lundstedt dropped the bombshell in the final ...

Up to 100 workers at Volvo Group’s engine and transmission plant in Hagerstown will be part of hundreds of layoffs in three states amid market uncertainty and recent tariffs. Volvo Group ...

The company incurred a loss of 13 million kronor following Northvolt’s bankruptcy and now has numerous vacant rooms available for rent. Only a few hundred of the 1,200 rooms are currently occupied.

The Volvo Group will be laying off up to 800 workers from three US-based plants. The company blames market uncertainties and the tariffs imposed by the US. Orders for heavy-duty trucks are down ...

Truck maker Volvo VOLV.B1.85%increase; green up pointing triangle cut its forecast for North America’s truck market amid increasing uncertainty about U.S. tariffs and regulatory changes ...

Swedish heavy truck maker, Volvo Group, on Wednesday announced a 30-per-cent drop in net profit in the first quarter as vehicle sales fell by nine per cent due to uncertainty over trade tariffs.

Truck maker Volvo has reported a bigger-than-expected fall in first-quarter profit and lowered its North America lorry market outlook, pointing to increased uncertainty around tariffs and their ...

Northvolt's remaining employees will have to wait a week for their salary. The struggling battery maker filed for bankruptcy this year, but thanks to Sweden's so-called wage guarantee – which means ...

Volvo Group and its subsidiary Mack Trucks confirmed recent layoffs at some East Coast facilities, impacting hundreds of employees, as the companies are the latest to cut workers while citing the ...