Niklas's Feed
Apr 18, 2011

Antonov lines up bank for Saab deal -representative

STOCKHOLM, April 18 (Reuters) – Russian businessman Vladimir
Antonov has lined up an independent European bank to handle
payments in a planned deal to buy property from Spyker-owned
(SPYKR.AS: Quote, Profile, Research, Stock Buzz) Saab and provide the carmaker with much-needed cash.

Sweden last week gave its conditional backing for a deal to
free up cash for Saab whereby Antonov would buy real estate from
the struggling carmaker, but demanded that any payments take
place through a European bank without links to the buyer.

Apr 8, 2011

No solution yet for stalled Saab’s cash woes

STOCKHOLM, April 8 (Reuters) – Talks to find ways to end a
cash crunch at carmaker Saab have been unsuccessful so far, the
Swedish Debt Office said on Friday of efforts to find funds to
meet unpaid supplier bills and get output going again.

A Swedish business daily reported that Dutch owner Spyker
(SPYKR.AS: Quote, Profile, Research, Stock Buzz) was trying to release some of the collateral pledged
against state-guaranteed loans to raise funds to meet the unpaid
bills.

Mar 25, 2011

Sweden SocDems elect leader, seek way out of crisis

STOCKHOLM, March 25 (Reuters) – Sweden’s opposition Social
Democrats elected a new leader on Friday to try to revitalise
the party after two straight election defeats, but the little
known party insider warned members that there was no quick fix.

Hakan Juholt, 48, was elected at an extraordinary congress
of the Social Democrats, who dominated Swedish politics for most
of the post-war era. The party is the largest in parliament but
only by a thin margin after losing to a resurgent centre-right.

Mar 17, 2011

Japan supply squeeze worries spread to telco gear

STOCKHOLM/HELSINKI (Reuters) – Top mobile telecom equipment makers joined automakers in warning of a damaging supply squeeze as the impact of Japan’s devastating earthquake spreads, adding to fears in a sector hampered by shortages.

Japan, home to around a fifth of the world’s semiconductor production, has seen factories making everything from chips to car parts closed following Friday’s earthquake, threatening supplies to manufacturers across the globe.

Mar 16, 2011

Telecom gear makers to feel Japan supply squeeze

STOCKHOLM/HELSINKI (Reuters) – Top mobile telecom equipment makers Ericsson and Alcatel-Lucent are braced for a supply squeeze following Japan’s earthquake, adding to fears for a sector hampered by shortages.

Japan, a dominant chip industry player with around a fifth of the world’s semiconductor production, has seen factories producing everything from chips to car parts closed following Friday’s earthquake, threatening supplies to manufacturers across the globe.

Mar 16, 2011

Telecom gear makers raise Japan supply chain fears

STOCKHOLM/HELSINKI, March 16 (Reuters) – Top mobile telecom
equipment makers Alcatel-Lucent (ALUA.PA: Quote, Profile, Research) and Ericsson
(ERICb.ST: Quote, Profile, Research) said Japan’s earthquake would hit the supply of
components, adding to concerns about a sector already hampered
by shortages.

Japan, a dominant chip industry player with around a fifth
of the world’s semiconductor production, has seen factories
producing everything from chips to car parts closed following
Friday’s earthquake. [ID:nL3E7EF450]

Mar 16, 2011

Ericsson raises Japan supply chain concerns

STOCKHOLM/HELSINKI, March 16 (Reuters) – Top mobile telecom
equipment maker Ericsson (ERICb.ST: Quote, Profile, Research, Stock Buzz) warned that Japan’s
devastating earthquake would hit the supply of components,
adding to concerns about a sector already hampered by shortages.

Japan, which is a dominant chip industry player with around
one-fifth of the world’s semiconductor production, has seen
factories producing everything from chips to car parts closed
following Friday’s huge earthquake and tsunami.[ID:nL3E7EF450]

Mar 16, 2011

Volvo picks its construction equipment boss as new CEO

STOCKHOLM, March 16 (Reuters) – Swedish group Volvo
(VOLVb.ST: Quote, Profile, Research, Stock Buzz), the world’s number two truck maker, said the head of
its construction equipment business was being promoted to group
chief executive, in a widely anticipated move.

Volvo Construction Equipment chief Olof Persson had been
seen as the front-runner to succeed long-time CEO Leif
Johansson, who is set to become chairman of telecom gear maker
Ericsson (ERICb.ST: Quote, Profile, Research, Stock Buzz).

Mar 8, 2011

Iceland’s fragile economy slips back in Q4

STOCKHOLM, March 8 (Reuters) – Iceland’s GDP shrank again in
the final part of 2010 after expanding in the third quarter,
underlining the fragility of its economy, which closed last year
registering its first year on year growth since the financial
crisis.

Iceland’s top three banks collapsed in late 2008 as the
global credit crisis struck, triggering a deep recession.

Mar 3, 2011

Ericsson proposes Volvo CEO as new chairman

STOCKHOLM, March 3 (Reuters) – Sweden’s Ericsson (ERICb.ST: Quote, Profile, Research, Stock Buzz),
the world’s biggest mobile networks maker, said on Thursday it
planned to appoint truck maker Volvo’s (VOLVb.ST: Quote, Profile, Research, Stock Buzz) top executive
as its new chairman.
Ericsson said it was proposing that its annual general
meeting elect Leif Johansson, the chief executive of the world
number two truck maker who is due to step down later this year
after a decade at the helm. [ID:nLDE6B71CN]

There had been speculation Johansson would succeed Michael
Treschow as chairman of the telecom giant after Treschow, who is
also chairman of consumer products group Unilever (ULVR.L: Quote, Profile, Research, Stock Buzz), said
he would leave Ericsson this year or the next. [ID:nLDE6B507Z]