Economy

Volvo Cars' future
Tense in the Torslanda factory: "It feels a bit historic"

The new Volvo EX60 will be built in Gothenburg after the company's billion-dollar investments in the classic Torslanda factory.

- It feels a bit historic to be part of this, says assembler Susanna Moëll to Dagens Nyheter.

But the car's success is not only important for Volvo Cars and Gothenburg, but also for Sweden and Europe. This is according to Henrik Einarsson, head of analysis at Business Region Gothenburg.

– This will be proof that a European manufacturer can really build an electric car, he tells the newspaper.

Greenland crisis  Swedish reactions
"Appeasement doesn't work very well - hard against hard"

An unfortunate situation that could lead to a new tariff crisis. Then the EU should consider responding in kind, says Jacob Wallenberg, chairman of Investors and the Confederation of Swedish Enterprise, to SvD.

– It should be clear that it is an alternative. What they are saying is that if a limit is crossed, they can hit hard with hard.

He warns that new tariffs will hit Swedish business over time and that problems for large companies will trickle down to the smaller ones.

Whether there will ultimately be any retaliatory tariffs remains to be seen. But given history, “appeasement does not seem to work very well,” he says.

Businessman and multi-billionaire Carl Bennet is even more blunt in his criticism and believes the EU should respond to the tariff threat “immediately.”

– There is no question about it!, he tells GP.

Alecta sells billion-dollar stake in US government securities – sees increased risk under Trump

Alecta has dumped a larger part of its holdings in US government securities, the pension giant confirms to DI.

According to the newspaper's information, this is a sale of around 70–80 billion, which has been sold in batches over the past year.

The reason for the sales is an increased risk linked to the US's more unpredictable policies under Trump's leadership, says Pablo Bernengo, head of asset management.

Alecta assesses that the risk in US government bonds and the dollar has increased at the same time as the country is suffering from large budget deficits and a growing national debt.

Saab turns downward on the stock market after Trump's Davos speech

Saab falls on the Stockholm Stock Exchange after Trump said he will not attack Greenland militarily.

- We probably won't get anything if we don't use force, but I won't do it. All we're asking for is Greenland, says Trump.

Shortly before the speech in Davos, Saab was around zero. Five minutes after Trump's announcement about Greenland, the defense giant is down just over 2 percent. However, he repeated his earlier message that he wants to buy Greenland.

The Stockholm Stock Exchange otherwise rose on the news.