latest news releases from the newsroom
Volvo Aero Issues Preliminary Lay-Off Notice
GOTEBORG, Sweden, May 19, 2003 (PRIMEZONE) -- The corporate management of Volvo Aero has today decided to submit preliminary notice of redundancy measures affecting 250 employees in Trollhattan to the County Labor Board. Of the employees affected, 150 are active within VA (blue-collar) and 100 within TA (white-collar).
Semcon Signs Letter of Intent with Saab Automobile
GOTEBORG, Sweden, May 19, 2003 (PRIMEZONE) -- Saab Automobile AB and Semcon AB have signed a Letter of Intent, which means that Semcon will take over the Service Development Unit that works with technical information, concentrating on service and spare parts, as well as product information. The agreement also means that the parties will form a long-term strategic partnership, with around 30-35 people being offered employment at Semcon.
Frontline Capital Adjustments
HAMILTON, Bermuda, May 19, 2003 (PRIMEZONE) -- One employee of Frontline (NYSE:FRO) has exercised options to acquire a total of 4,000 shares in Frontline. All shares have been acquired at a strike price of NOK 27.58 per share. Total proceeds were NOK 110,320.
Autoliv Announces Japanese Production of World's Smallest Dual-Stage Inflators
STOCKHOLM, Sweden, May 19, 2003 (PRIMEZONE) -- Autoliv Inc. (NYSE:ALV) (SSE:ALIV), the world's largest automotive safety restraints supplier, announced the recent start of production for their newest dual-stage driver-side inflators at their Japanese plant in Taketoyo. These inflators have been produced in the U.S. since last year, but can now be supplied locally to Japanese manufacturers. Using advanced pyrotechnic materials and innovative assembly processes, Autoliv engineers have designed this dual-stage inflator to be the lightest, most compact dual-stage driver inflator in production today.
Skanska and Saab Aerospace Sign Five-Year Service Agreement Valued at SEK 0.5 Billion
STOCKHOLM, Sweden, May 19, 2003 (PRIMEZONE) -- Skanska (Other OTC:SKSBF) and Saab Aerospace have signed a five-year facilities management contract worth a total of SEK 500 M. Under the terms of the agreement, Skanska will assume responsibility for facilities management services at Saab Aerospace's facilities in Linkoping, where the JAS Gripen combat aircraft is developed and constructed.