Stockholm

Volvo Cars waiting for outcome of Ford review of possible sale

VolvoStockholm- Cash-strapped US car giant Ford said Monday it was considering "the possible sale" of Swedish car maker Volvo.

Ford cited the "significant decline in the global auto industry," as reasons for its moves.

Volvo Cars spokeswoman Maria Bohlin said the company would have "to wait and see" the outcome of the review that the US owner had announced.

Speaking to Swedish radio news, Bohlin said the review would likely take a few months, which was also stated in the Ford statement.

Majority of Swedes support state takeover of Volvo Cars

Volvo LogoStockholm - A majority of Swedes favour the Swedish state's temporary takeover of Volvo Cars if its US owner Ford cannot secure Volvo's future, according to a survey published Saturday.

The survey, commissioned by the Swedish Association of Graduate Engineers, said 60 per cent of Swedes believed there was a big or quite big risk that Volvo Cars would disappear from Sweden in a few years.

A majority, 64 per cent, favoured the state's stepping in and offer the cash-strapped company a loan if necessary, while 68 per cent favoured temporary state ownership.

Sweden in recession, statistics agency says

SwedishStockholm  - Sweden has tipped into recession, Statistics Sweden said Friday.

Sweden prepared to help evacuate injured from India

Stockholm - Sweden is prepared to deploy a plane to evacuate European Union nationals injured in terrorist attacks in the Indian financial centre of Mumbai if necessary, the cabinet said Thursday.

Nordics condemn Mumbai attacks

Sweden flagStockholm/Oslo  - Leaders in the Nordic region Thursday condemned the terrorist attacks in the Indian financial centre of Mumbai.

The Norwegian government "condemns the brutal terrorist attacks," Prime Minister Jens Stoltenberg said in a statement.

Swedish Foreign Minister Carl Bildt expressed sympathy "for all who have who have been affected" and said Sweden "offered its strongest support to the Indian government in its important fight against this terrorism."

Sweden sees Poznan climate parley as important "halfway stage"

Sweden MapStockholm - An upcoming United Nations Climate Change Conference in Poland was an important "halfway stage" to review efforts to forge a new climate deal to succeed the Kyoto Protocol that expires in 2012, Swedish Environment Minister Andreas Carlgren said Wednesday.

Among outcomes of the 12-day conference that opens Monday in Poznan, Sweden hoped to see "clear political guidelines" and "high political ambitions" for the UN Climate Summit to be hosted by neighbouring Denmark in December 2009, he said.

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