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Daimler denies interest in Volvo
Economy

Daimler denies interest in Volvo

According to the latest edition of the weekly <i>Der Spiegel</i>, German car giant Daimler recently decided not to buy Swedish-based Volvo Cars from ailing US manufacturers Ford, but Daimler has now denied it was ever interested.
MAN increases sway over Sweden's Scania
sweden

MAN increases sway over Sweden's Scania

The German heavy truck maker MAN said on Wednesday it had raised its voting rights access in Swedish counterpart Scania to more than 20 percent, and emphasized its strategic interest in the firm.
Germany blasts EU over bank bailouts
Economy

Germany blasts EU over bank bailouts

German and Swedish finance ministers blasted the European Commission on Tuesday for being too "bureaucratic" in assessing whether state bailouts of troubled banks are in line with EU rules.