News: Automotive equipment

View:

2005

 

Found press releases

 

CEO exercises employee stock option

12/29/2005 11:40 AM EST  -   Scania
Scania’s CEO and President Leif Östling has today, 29 December 2005, exercised the employee stock option, for which the company earlier has provided information. The option expires 31 December 2005.
By cash settlement Leif Östling will receive the value according to the share price as of 29 December for 220,000 B-shares, with the reduction of SEK196 per share and preliminary tax.


For further information,...

Scania reinforces brand with own clothes collection

12/29/2005 2:20 AM EST  -   Scania
Scania is moving into the world of fashion with the launch of its own collection of clothes. The Scania Truck Gear Collection includes clothes to suit the driver’s lifestyle – not just tasteful and functional clothes for working in, but also for life both inside and outside the cab. “The aim was to create ideal everyday clothes for the truck driver. So it was not just a matter of taking items off the shelf and...

Scania acquires the distributor in Taiwan

12/28/2005 9:30 AM EST  -   Scania
Scania has acquired the company Griffin Automotive Ltd. from Forefront International Holdings. Griffin Automotive will be a wholly-owned Scania subsidiary, with responsibility for the company’s vehicle and service sales on the Taiwanese market.
For further information, please Hans-Åke Danielsson, Press Manager, tel. +46-8-553 856 62.

Volvo Aero and General Electric sign multi-million dollar contract for parts in ...

12/22/2005 3:00 AM EST  -   Volvo
Volvo Aero in Trollhättan is to produce parts for the world’s largest aircraft engine, the GE90-115B, which is the engine used on the Boeing 777-200LR and 777-300ER. In accordance with a new agreement with General Electric, Volvo Aero will manufacture components for the GE90-115B, with an estimated order value of SEK 2 billion over the next ten years.
According to the Long Term Agreement, Volvo Aero will...

NEW LOAN FACILITY FOR KONGSBERG AUTOMOTIVE HOLDING ASA

12/22/2005 2:03 AM EST  -   Kongsberg Automotive Holding ASA
KOA has signed a seven year loan agreement with
Nordea.
The total facility has a limit of NOK 1.070 mill
plus a working capital drawing right of NOK 200
mill. At the end of quarter 3 the company had a
gross syndicated loan financing of NOK 760 mill.
The new loan is a multi currency revolving
credit facility.

Based on the new conditions the interest
expenses for 2006 is expected to be NOK 12 mill
lower than...

TROND STABEKK NEW CFO

12/21/2005 7:27 AM EST  -   Kongsberg Automotive Holding ASA
As previously announced the CFO Erik Magelssen
will leave Kongsberg Automotive.
His successor will be Trond Stabekk.
Stabekk is today employed in Kongsberg Automotive
Holding as Director Finance, a position he has
held since the autumn 2004. Trond will continue
to have the responsibility for Investor Relations.

Stabekk holds a Master in Accountancy and Finance
from The University of Stirling, Scotland, and a...

Truck deliveries January-November 2005

12/20/2005 2:30 AM EST  -   Volvo
Total deliveries of trucks from the Volvo Group’s three truck companies increased 13% through November this year, compared with the year-earlier period. Deliveries from Mack rose 46%, while deliveries from Renault Trucks were up 6%. Deliveries from Volvo Trucks increased 9% during the period.
For the complete report, see attachment.

December 20, 2005

For further information, please contact:

Media...

Prestigious New Zealand order: Scania sells 200 trucks to dairy giant Fonterra

12/16/2005 4:05 AM EST  -   Scania
CablePrice, Scania’s distributor in New Zealand, has received an order for 200 trucks from Fonterra, the New Zealand dairy giant. The deal also includes a rolling repair and maintenance contract.
“This order means a great deal to our future prospects in New Zealand,” comments Per Holmström, Market Director of Scania’s business operations in the Asia-Pacific region. “The contract was won in the face of the...

Autoliv Expands Share Buy Back Program

12/15/2005 9:40 AM EST  -   Autoliv
(Stockholm, Dec. 15, 2005) – Autoliv Inc. (NYSE: ALV and SSE: ALIV) – the worldwide leader in automotive safety systems – today announced that its Board of Directors has approved an expansion of the Company’s stock repurchase program. As a result, management is authorized to repurchase an additional 10 million shares of its outstanding common stock in addition to the 20 million shares repurchased under the previous...

Volvo IT in new partnership with Ford-owned Volvo Car Corporation

12/15/2005 3:05 AM EST  -   Volvo
AB Volvo’s subsidiary Volvo IT has signed a new agreement with Ford-owned Volvo Car Corporation to provide consultancy services. The new agreement comes into effect from 1 January 2006.
Volvo IT is one of two suppliers chosen by Volvo Car Corporation for a more in-depth partnership.

”We want to ensure access to resources, skills and cut costs together with our partners,” says Magnus Kinell, acting IT manager...