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Sweden does not have a car industry. The fighter jets are a different matter, very strong technical moat and need to prove the system in combat. You can't just
by toxik 5mo ago
Sweden does not have a car industry. The fighter jets are a different matter, very strong technical moat and need to prove the system in combat. You can't just start a fighter jet business.
- michaelscott 5mo agoIt does with Volvo, although I couldn't say how big it is relative to global industry. Within Europe it's a large player
- distances 5mo agoScania is Swedish, too.
- sedatk 5mo agoA Chinese company owns Volvo since 2010 or so.
- turtlesdown11 5mo agoThe car part of Volvo is owned by Geely, Volvo AB makes trucks, buses, etc. https://en.wikipedia.org/wiki/Volvo https://en.wikipedia.org/wiki/Volvo
- jwandborg 5mo agoVolvo Cars is still headquartered in Sweden, and employ 22.4k people in Sweden out of 40k globally[1]. Given that the market for Volvo is global, it seems to me that Volvo Cars is still overwhelmingly Swedish, while at the same time being overwhelmingly controlled by Geely. [1]; https://www.svt.se/nyheter/lokalt/vast/1000-personer-far-lamna-volvo https://www.svt.se/nyheter/lokalt/vast/1000-personer-far-lam...
- deleted 5mo ago[deleted]
- lambdasquirrel 5mo agoVolvo is complicated. Basically a lot of these smaller companies and countries realized there was no way they could make the economics work with the cost of electronics and software-related R&D being what they are. So they sold to larger players. But design and final assembly still happens in Gothenburg for high-end models that are typically destined for the EU market. The US now manufactures the SUVs.
- sorenjan 5mo agoVolvo was bought by Ford in 1999 and then sold by Ford to Geely in 2010. It had nothing to do with software related r&d, it was mostly down to Ford needing money after the financial crisis. Volvo have factories in Sweden, Belgium, USA, and China. The new EX60 is manufactured in Sweden. The US factory makes the EX90, XC60, Polestar 3, and until recently the S60 sedan.
- ojl 5mo agoThey also have a lot of R&D, sw dev, etc in Gothenburg.
- gmueckl 5mo agoWhy are you discounting Volvo?
- OakNinja 5mo agoVolvo still produces cars in Sweden. Koenigsegg still build their cars in Ängelholm.
- tredre3 5mo agoBut by that metric Canada also has a car industry? Canada builds 1.5M cars annually.
- danesparza 5mo agoThe Top Gear enthusiast in me loves that you included Koenigsegg in this conversation. But including a company that hand-builds a handful of hypercars annually in a conversation about the auto industry in Sweden is not the flex you think it is.
- moltar 4mo agoFor me (op) it is the flex. My question was why Canada cannot do this.
- diversen7 5mo ago[dead]
- andrewstuart 5mo ago>> Sweden does not have a car industry. Apart from Volvo, Koenigsegg and Polestar and Scania. Apart from that, you’re right.
- ChrisGreenHeur 5mo agoIf Saab wanted to they could spin up a car factory as well. But they are more interested in selling these airplanes the article is about.
- Findecanor 5mo agoBTW, SAAB did produce cars from 1949. General Motors bought 51% of SAAB Automobile in 1990, and it was defunct in 2016.
- Danox 5mo agoSweden had a native car industry they decommissioned themselves, in short, they basically gave up, but they’re not alone Australia, New Zealand did the same and so did Canada, but they’re starting to realize that they were a little bit hasty in giving up…. Then last, but not least the UK basically threw the towel in too on a wide assortment of industries, but they’re now discovering that that was a big mistake.
- robocat 5mo agoNew Zealand had car assembly which isn't a car industry. Although my friend was working at an injection moulding company in Christchurch that did some parts for Holden (GM) in Australia.
- throwa356262 5mo agoWhat do you mean Sweden does not have a car industry? Volvo and Polestar have their HQ in Sweden and huge manufacturing plants. They also develop platforms for some other Gealy brands including Link&co and IIRC also Zeeker. And then there is the Koenigsegg...
- jleyank 5mo agoLooking at Ford, GM, and Stellantis, one can say the US doesn't really have an auto industry either. Certainly not a car industry.
- moltar 4mo agoVolvo, used to have Saab. Scania trucks.