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.
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.
Swedish auto tech company Veoneer plans to shore up its working capital by $500 million through the sale of bonds and shares, as it waits for a strong order book to translate into a pick up in earnings.
* Unit has been seen as long-standing spin-off candidate
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* Mining equipment orders 5 pct below forecast, service in
* IT experience in focus as SKF digitises, automates
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.
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.
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.