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Carmaker NEVS Lays Off Staff As Saab Plant Stays Idle

Cash-strapped China's National Electric Vehicle Sweden (NEVS) said on Wednesday it would lay off up to 200 staff at its Saab car plant in Sweden as production is unlikely to resume anytime soon, Reuters reported. NEVS, which bought the bankrupt Swed ...

Daily Headline - global.abi.org - 09/24/2014 - 21:12 - 0 comments

Court Rejects Creditor Protection For Saab Carmaker NEVS

A Swedish court on Thursday rejected an application from China's National Electric Vehicle Sweden (NEVS), which bought bankrupt car maker Saab in 2012, for protection against creditors while it concludes funding talks, Reuters reported. The court ca ...

Daily Headline - global.abi.org - 08/28/2014 - 21:34 - 0 comments

Riksbank Raises Concern On Household Debt

piquancy in March when Sweden officially suffered from deflation, with inflation falling by 0.6 per cent ...

Daily Headline - global.abi.org - 05/08/2014 - 00:03 - 0 comments

Krugman Slamming Riksbank Fuels Deflation Anxiety

The Riksbank, the world’s oldest central bank, has become a sadist in its use of monetary policy, according to Nobel Laureate Paul Krugman, Bloomberg News reported. He says the Stockholm-based central bank’s bias toward tight policy during the financial ...

Daily Headline - global.abi.org - 04/23/2014 - 22:06 - 0 comments

Sweden A Classic Case Of Sadomonetarism In Action

Three years ago Sweden was regarded as a role model in how to deal with a global crisis. The nation’s exports were hit hard by slumping world trade but snapped back; its well-regulated banks rode out the financial storm; its strong social insurance progr ...

Daily Headline - global.abi.org - 04/21/2014 - 22:23 - 0 comments

Saab To Restart 9-3 Sedan Production Two Years After Bankruptcy

The new owners of Swedish car maker Saab, National Electric Vehicle Sweden AB, will restart production of the 9-3 sedan on Monday at the Trollhattan factory in Sweden, a NEVS spokesman said on Friday, Reuters reported. The 9-3 sedan will be powered by a ...

Daily Headline - global.abi.org - 12/02/2013 - 01:20 - 0 comments

Volvo Announces $780 Million Restructuring Programme

Sweden's Volvo Group, the world's second biggest lorry manufacturer, announced Tuesday a 5 billion kronor (580 million euros, $780 million) restructuring plan over two years, the Economic Times reported. "The programme encompasses both ...

Daily Headline - global.abi.org - 09/24/2013 - 22:38 - 0 comments

Sweden Detains Ex-Saab Executives In Tax Investigation

Swedish prosecutors have questioned the former head of bankrupt car maker Saab and two others in an investigation into suspected tax offences relating to the running of the company, officials said on Tuesday, Reuters reported. Prosecutors are looking int ...

Daily Headline - global.abi.org - 05/21/2013 - 21:56 - 0 comments

Ex-Saab Executives Arrested On Accounting Charges

A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges, the Associated Press reported. Prosecutor Olof Sahlgren says the three are "suspected of aggravated attempts to avoid t ...

Daily Headline - global.abi.org - 05/20/2013 - 23:02 - 0 comments

Sweden Cracks Down on Traders Ignoring Bond Rules

Sweden’s financial watchdog will stop turning a blind eye to traders who have ignored a rule requiring them to report company bond prices as the regulator seeks to improve transparency in a growing market, Bloomberg News reported today. The Swedish Finan ...

Daily Headline - abi_admin - 01/02/2013 - 10:09 - 0 comments

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