Johannes Hellstrom

UPDATE 2-Airbag maker Autoliv revs up cost cuts to counter car market slump

19 Jul 2019

* Sees FY adj operating margin 9.0%-9.5% vs about 10.5% previously

Bearings maker SKF's profit falls, reassures on Chinese autos

17 Jul 2019

STOCKHOLM Swedish bearings maker SKF forecast stable demand for its main industrial business in the third quarter and cited unexpected signs of improvement in the battered Chinese car market, spurring a 4% rise in shares.

UPDATE 2-Bearings maker SKF's profit falls, reassures on Chinese autos

17 Jul 2019

* Saw improving China automotive business at end of Q2 (Adds background, detail, context, shares, CEO comments)

Activist Cevian wants more focused CRH, says stock could double

28 Jun 2019

STOCKHOLM Irish cement maker CRH needs to press ahead with extensive structural improvements, activist shareholder Cevian told Reuters, adding that the company could double in value in the next three to five years if it does so.

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 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

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