Core Viewpoint - Volvo Construction Equipment (Volvo CE) will phase out its Rokbak articulated hauler division due to unsustainable profitability and a shift in long-term strategy, impacted by rising operational costs and global trade challenges [1][2]. Financial Performance - Rokbak, formerly Terex Trucks, generated revenues of Skr1.0 billion ($107 million) but reported losses in 2025, leading to the decision to halt production of Rokbak-branded vehicles in the second half of 2026 [2]. Customer and Employee Support - Volvo CE president Melker Jernberg expressed gratitude to Rokbak's customers, dealers, and employees, emphasizing the company's commitment to support during the transition [3]. - The company will engage with unions, government representatives, and regulatory authorities to address the implications for affected employees [4]. Future Strategy - Volvo CE plans to redirect resources towards developing alternative hauling solutions within its product portfolio, while the Motherwell facility in Scotland will continue operations focused on Volvo rigid haulers and future product development [4]. Financial Impact of Closure - The planned closure is expected to reduce operating income by approximately Skr0.7 billion ($75 million) in the Construction Equipment segment for the first quarter of 2026, with around Skr0.4 billion ($43 million) related to non-cash items, primarily goodwill impairment [5].

Core Points - Fly Play hf. has decided to cease operations, canceling all flights and initiating a wind-down process with authorities and employees [1][4] - The decision stems from long-term underperformance, poor ticket sales, negative media coverage, and employee discontent regarding strategic changes [2][4] - The revised business model introduced last fall was initially optimistic but failed to address the company's deep-rooted challenges, leading to the conclusion that earlier implementation was necessary [3][4] - The cessation of operations will affect thousands of passengers, result in approximately 400 job losses, and cause financial losses for the company's partners [4][5] - The Board and management express regret over the decision, stating that all other options were exhausted before arriving at this painful conclusion [5]