News and Press

  • Fri, 08 Jan 2016 10:28:41 +0000: Record sales for Volvo Car; boosted by new flagship XC90 SUV - COMPANIES

    Volvo Car Group, owned by China’s Geely, said on Friday it sold a record 503,127 cars last year, up 8 percent from the previous year.

    "Now, with a successful 2015 behind us, Volvo is about to enter the second phase of its global transformation," Volvo Car Group Chief Executive Hakan Samuelsson said in a statement.

    "Once completed, Volvo will have ceased being a minor automotive player and taken its position as a truly global premium car company."

    For 2016 Geely Auto is aiming for a sales increase of 18% to 600,000 units which will be achieved by further strengthening the brand, introduction of several new key models, including SUV's, Crossovers and sedans and strengthening domestic and international sales networks, it said.

    Sales were boosted by demand for its new flagship XC90 SUV model and strong growth in the United States and Europe.



  • Wed, 16 Dec 2015 02:06:26 +0000: GE Healthcare invests $100m in Uppsala life science plant - COMPANIES

    The Stockholm-Uppsala region is famous for its advanced life science sector. GE Healthcare, which is a unit of General Electric, has announced plans to invest $100 million to expand its facilities in Uppsala, a city in the Stockholm region.

  • Wed, 16 Dec 2015 02:02:48 +0000: Amazon makes Stockholm regional HQ - COMPANIES

    When Amazon Web Services (AWS) first launched its cloud-computing platform a decade ago, Swedish companies were among the quickest to adopt the service. Today, many of Stockholm’s most successful tech companies base their businesses on Amazon’s cloud web facilities.

  • Wed, 16 Dec 2015 02:01:47 +0000: Stockholmers embrace the sharing economy - COMPANIES

    Services like Uber and Airbnb are two major examples of young companies using new platforms to shake up established markets. It is no surprise that traditionally tech-savvy Swedes are embracing them.

  • Wed, 16 Dec 2015 02:00:49 +0000: Nobel's legacy drives Stockholm's success - COMPANIES

    The legacy of Alfred Nobel is more than just dynamite and the prizes awarded in his name. It’s also about innovation, creativity and entrepreneurship. These are values still visible in Stockholm, Nobel’s birthplace, with a multitude of cutting edge tech startups, like Spotify, Mojang and Skype.