Among them is Michael Wray, formerly of Northvolt Labs in Västerås ... which works on industry-academia collaboration projects with partners such as Volvo CE and Alfa Laval. Bird commented on Wray: – ...

BMW canceled a $2 billion battery order with Northvolt in June. The firm has just $30 million in available cash, enough to last one week. Northvolt’s CEO said it needs over $900 million to ...

Sweden has put forward a proposal to extend the three-month deadline for work permit holders who lose their jobs to six ...

Sweden has proposed extending the job-seeking window for some work permit holders from three to six months. However, the ...

Northvolt sells stake in battery unit to Volvo, to explore North American deals Swedish electric-vehicle battery maker Northvolt agreed with Volvo Cars on Wednesday to sell its stake in their ...

Northvolt's operations in Sweden are in danger of winding down as the battery maker navigates bankruptcy. The company has been seeking to stem its cashflow over the past year by closing some units ...

FRANKFURT, Germany — Sweden-based Volvo Cars is eliminating 3,000 positions as part of a cost-cutting program as the automotive industry faces challenges from trade tensions and resulting ...

New reports reveal how inefficient Northvolt's production was before it was declared bankrupt. The electric battery factory in Skellefteå produced just as many batteries before it went bankrupt ...

As tariffs continue to cause uncertainty in the automotive industry, Volvo is unfortunately laying off employees. Though tariffs have yet to be implemented by the United States government ...

Volvo, the Swedish car company, has been popular with family car buyers looking for a safe and efficient vehicle. The Volvo Group's origins can be traced back to 1927, when Assar Gabrielsson and ...

Volvo aims to lift its stock value and spur demand through a strategic overhaul and cost-cutting measures. Credit: William Barton / Shutterstock.com. Volvo Cars is set to cut around 3,000 jobs as ...