STOCKHOLM Auto technology group Veoneer on Friday said it expected to reduce operating losses this year and markedly improve cash flows, despite the coronavirus-induced crisis in the car industry, as cost cuts and efficiency actions started to bite.
STOCKHOLM, April 24 Auto technology group
Veoneer on Friday said it expected to reduce
operating losses this year and markedly improve cash flows,
despite the coronavirus-induced crisis in the car industry, as
cost cuts and efficiency actions started to bite.
STOCKHOLM Atlas Copco , Sweden's most valuable listed company, forecast a steep demand drop in the second quarter due to the raging pandemic as it reported earnings and order intake above market expectations for the first three months of 2020.
* CEO says preparing different scenarios amid pandemic
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STOCKHOLM Swedish lockmaker Assa Abloy's profit fell steeply in the first quarter as the fallout from the new coronavirus hit its Asian business hard and began to dent profitability elsewhere.
* Lockdowns, supply challenges hit sales elsewhere from
STOCKHOLM Geely-owned Volvo Cars and auto tech supplier Veoneer will split their jointly owned software venture Zenuity as the Swedish carmaker focuses on developing autonomous driving software, the companies said on Thursday.
STOCKHOLM Atlas Copco on Monday made a takeover bid in cash for German vision technology group Isra Vision , valuing the company at 1.09 billion euros ($1.19 billion), including debt, expanding the Swedish company's business in automated manufacturing and quality control.
STOCKHOLM Sweden's digital minister stressed Ericsson's importance for jobs and technology in Europe on Friday after a U.S. official suggested the United States buy stakes in the telecoms gear maker or Finland's Nokia to counter Huawei's dominance in 5G.
STOCKHOLM Electrolux warned on Friday the coronavirus outbreak in China would hit its sourcing of products and components from the country, while lingering U.S. production issues would push its North American arm into a first-quarter loss.