Automotive industry in Sweden

The automotive industry in Sweden is mainly associated with passenger car manufacturers Volvo Cars and Saab Automobile but Sweden is also home of two of the largest truck manufacturers in the world: AB Volvo and Scania AB. The automotive industry is heavily dependent on export as some 85 percent of the passenger cars and 95 percent of the heavy vehicles are sold outside of Sweden. The automotive industry and its sub-contractors is a major part of Swedish industry. In 2011 around 110,000 people were employed and the export income of 150 billion SEK accounted for 12 per cent of Sweden's export income.^[1] During 2009 128,738 passenger cars and 27,698 heavy vehicles were built in Sweden.^[2] Koenigsegg is also a famous Swedish company which makes some of the fastest cars in the world, but also some of the most expensive. They currently produce models such as the Jesko, Gemera, and CC850.