Niklas's Feed
Oct 19, 2012

Volvo Cars appoints new CEO to boost sales in China

STOCKHOLM, Oct 19 (Reuters) – Car maker Volvo has ditched
its chief executive in favour of a former trucks boss who now
faces the daunting task of turning around flagging sales and
leading a big push into the home market of its Chinese owner.

Former MAN SE boss Hakan Samuelsson replaces
Stefan Jacoby, who suffered a mild stroke last month and whom
sources say was at loggerheads with the effective head of the
board over key appointments and strategy.

Oct 17, 2012

Sweden’s SKF to cut output again as demand falters

STOCKHOLM, Oct 17 (Reuters) – World number one bearings
maker SKF forecast slowing demand in the final months
of the year as a downturn gripped nearly all its main markets
and it said it would lower production to cut inventories and
bolster cash flow.

Sweden’s SKF, seen as a bellwether for manufacturing as its
bearings are used in products from jets to dishwashers, is being
squeezed by the euro zone crisis, worries over possible U.S.
fiscal tightening and a slowdown in China.

Oct 10, 2012

Nobel for quantum “parlor trick” that could make super computers

STOCKHOLM (Reuters) – A French and an American scientist won the Nobel Prize in physics on Tuesday for finding ways to measure quantum particles without destroying them, which could make it possible to build a new kind of computer far more powerful than any seen before.

Serge Haroche of France and American David Wineland, both 68, found ways to manipulate the very smallest particles of matter and light to observe strange behavior that previously could only be imagined in equations and thought experiments.

Oct 9, 2012

Quantum particle work wins Nobel for French, U.S. scientists

STOCKHOLM (Reuters) – A French and an American scientist won the Nobel Prize on Tuesday for finding ways to measure quantum particles without destroying them, which could make it possible to build a new kind of computer far more powerful than any seen before.

Serge Haroche of France and American David Wineland, both 68, found ways to manipulate the very smallest particles of matter and light to observe strange behavior that previously could only be imagined in equations and thought experiments.

Jul 24, 2012

Volvo Q2 orders hit as slowdown spreads

STOCKHOLM, July 24 (Reuters) – Truck maker Volvo’s
orders soured more than expected in the second
quarter as a market slump already deeply entrenched in parts of
Europe spread across the Atlantic.

After riding high on a strong recovery through 2010 and most
of 2011, truck builders are braced for tougher challenges from
the euro zone’s sovereign debt crisis and a related slowdown in
the global economy.

Jul 20, 2012

Scania orders defy European market gloom

STOCKHOLM, July 20 (Reuters) – Truck maker Scania
eased the slide in orders in the second quarter, defying a steep
fall in demand in Europe and sending its shares up 6 percent on
Friday.

The highly cyclical market for commercial vehicles has been
losing steam fast in recent months on both sides of the
Atlantic, though Europe has been slammed by economic downturn
and a credit squeeze.

Jul 19, 2012

Sandvik overhaul helps deliver record profit

STOCKHOLM, July 19 (Reuters) – Cost cuts helped Sandvik
produce record second quarter earnings on Thursday,
showing that a major overhaul of the Swedish machinery and
mining gear maker is paying off.

The manufacturer of products from stainless steel alloys to
tools for rock drilling is restructuring after losses in the
wake of the 2008/2009 financial crisis. It brought in Chief
Executive Olof Faxander last year to lead the overhaul, which
includes annualised cost-cuts of 1 billion crowns this year.

Jul 18, 2012

SKF cuts output as global slowdown tightens grip

STOCKHOLM, July 18 (Reuters) – SKF, the world’s
top bearings maker and a leading indicator of manufacturing
activity, is to scale back production and make further cost cuts
this year as a global slowdown continues to tighten its grip on
industry.

The Swedish group, whose bearings are used in products from
jets to dishwashers, on Wednesday, forecast flat demand for the
third quarter, prompting it to plan for slightly lower
production levels than in the April-June period.

Jul 17, 2012

Sweden’s Atlas Copco hit by slowing orders

STOCKHOLM, July 17 (Reuters) – Atlas Copco
reported its first fall in like-for-like orders since 2009,
suggesting that the mining boom the Swedish compressor and
machinery manufacturer has been riding for the past two years
may be losing steam.

The weakening order book at one of the world’s top suppliers
of mining gear eclipsed better than expected quarterly earnings
and a reassuring forecast for unchanged demand in the near term
to send its shares down 2.3 percent to 145.7 Swedish crowns
($20.65) by 1129 GMT on Tuesday.

Jul 10, 2012

Swedish factory output bounces, easing growth fears

STOCKHOLM, July 10 (Reuters) – Sweden’s industrial sector
picked up pace faster than expected in May, in a broad-based
upturn that snapped several months of declines and eased
concerns that the economy could struggle to grow in the second
quarter.

Industrial production rose 3.5 percent from April, the
statistics office said, beating a forecast of a 0.3 percent gain
by analysts polled by Reuters.