Scania offered $6 million for the unit in February Northvolt bankruptcy meant deal was halted An unnamed consortium earlier made higher bid Bankruptcy trustee responsible for deciding on any asset ...

Swedish truck maker Scania acquired Northvolt’s heavy industry business after reaching an agreement with the company’s bankruptcy trustee.

Scania, which is part of Volkswagen’s truck unit Traton, had initially offered to buy Northvolt Systems Industrial in February 2025 for $6m, reported Reuters. However, the bankruptcy had ...

Volkswagen’s truck manufacturing brand Scania plans to equip all its future electric trucks with Northvolt batteries, in a vote of confidence for the cash-strapped Swedish battery maker.

Scania is also kicking off a new four-year investment cycle in Brazil, which became its second hub after Sweden in the late 1950s, with 2 billion reais ($350 million) of capital spending at its ...

Scania Group sales revenue declined by 11 percent to SEK 48.9 billion (55.1) Adjusted operating result reached SEK 5.1 billion (8.0) and adjusted return on sales was 10.5 percent (14.5) ...

Swedish truck manufacturer Scania AB confirmed it is scheduled to begin operations at its new EUR 2 billion production hub in China in the fourth quarter of 2025, according to reports citing the ...

Scania and DHL Group have jointly developed an electric truck with a fuel-powered generator, the companies announced. This technology makes it possible to shift to battery-electric road transport ...

Scania Group sales revenue declined by 11 percent to SEK 48.9 billion (55.1) Adjusted operating result reached SEK 5.1 billion (8.0) and adjusted return on sales was 10.5 percent (14.5) ...