GCC nations are reducing oil dependency, with UAE’s share dropping below 30% of GDP by 2023. Economic growth is forecasted at 2.4% in 2024 and 4.7% in 2025, driven by diversification in real estate, ...

The newly acquired division will operate as an independent entity within Scania Ventures and New Business. Credit: Scania. Scania, the truck manufacturing subsidiary of Volkswagen, has agreed to ...

Swedish truck maker Scania acquired Northvolt’s heavy industry business after reaching an agreement with the company’s bankruptcy trustee. A deal had been struck to buy the business earlier ...

Volkswagen’s truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt’s division that makes battery packs for heavy industry, reviving a transaction first presented in February ...

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 ...

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 ...

Truck maker Scania has stepped in to help Northvolt with the day-to-day running of its flagship plant in northern Sweden, a last-ditch effort to boost quality and output at the struggling electric ...

At World of Concrete 2025 in Las Vegas, Nevada, visitors to the Scania booth will discover the new 13-liter DC13 engines for industrial operations. Showcased at the booth via augmented reality ...

Volkswagen owns popular auto brands Porsche, Škoda, Scania, and Lamborghini ... symbolized by the four rings in the company's current logo, merged to form Auto Union AG. Auto Union was ...

Both the driver and passenger get top-end Isri seats, and the steering wheel is a smallish flat-bottom item that is leather wrapped and again with the V8 logo. The new CR23 big cab has a metre-wide ...

STOCKHOLM (Reuters) - Swedish truckmaker Scania said on Thursday it will lend Northvolt $100 million as part of the struggling Swedish battery maker's U.S. Chapter 11 bankruptcy protection deal.

Scania, the truck, bus, and industrial engine manufacturer, is developing sustainable transport solutions for its clients. These innovative services require huge amounts of high-quality data and to ...