Other Wallenberg-controlled companies with option schemes in the works include Electrolux, SKF Group and Stora.
Deere's riding mowers and landscaping machines are already grabbing market share from Toro and Electrolux.
"The legislators should have had a more holistic approach, " said Henrik Sundstrom, of Electrolux in Stockholm.
Swedish household-appliance leader, Electrolux (nasdaq: ELUX - news - people ), will rebound, too.
As for his old partner Andersson, he returned to Electrolux, serving as its chairman from 1998 to 2004.
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The Shenzhen-based control systems supplier also provides products and services to worldwide household appliance manufacturers Electrolux and Siemens.
His customers include manufacturers with a strong presence in Europe, such as Italy's Merloni, Electrolux Zanussi and Domar in Spain.
It was a joint venture between Electrolux of Sweden and Forbes Gokak, in which India's giant Tata Group had a stake.
In 2001Tata Group sold its share of the company to the Shapoorji Pallonji Group, and in January Electrolux did the same.
The two left in 1989 to buy a failing Electrolux subsidiary Gentinge Group, a medical products company that was losing money.
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Electrolux, a maker of household appliances and, like Saab, part of the Swedish Wallenberg family's industrial empire, is a big investor in Hungary.
Situated on the small island of Lilla Essingen, in a redbrick warehouse that once belonged to Electrolux, Lux blends industrial heritage and Scandinavian style.
The competition is organized annually by the Electrolux Group and aims to encourage students from around the world to design household appliances for the future.
Most would rather jump into the Baltic Sea with cement boots than spend a lifetime career at Electrolux, sucking customers away from Hoover and Miele.
Michael Treschow, the CEO of Sweden's Electrolux, has told analysts that he'd like to get out of building refrigerators, if only there were an independent supplier.
His path to riches began with a stint at the Swedish household products company Electrolux in the 1980s where he worked with his future investing partner Rune Andersson.
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The idea is the brainchild of two Singaporean design students who won top honors at the recent International Electrolux Design Lab awards in Stockholm for their "Airwash" washing machine.
For example, Electrolux bringing out the first 'Net-enabled fridge.
Nor did I describe the Electrolux Laundry System that spins linens and towels with such force that drying time has been reduced from 20-25 minutes to an average of 5 minutes.
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Electrolux, a white-goods firm that has successfully turned itself into a multinational, has never quite convinced the financial markets that it is a match for its American competitors, General Electric and Whirlpool.
He praises the sense of kinship and solidarity that still exists in these battered mining communities, and points to the continuing presence of big manufacturers such as Thorn and Electrolux in Spennymoor as cause for optimism.
Sponsored by appliance giant Electrolux, the futuristic setup will pop up on the rooftop of a different European monument every three months, from the top of Brussels' iconic Parc du Cinquantenaire to mystery locations in Stockholm, Moscow and Zurich.
But no worries, none of the three robovacuums I tried out--the Karcher RC3000 RoboCleaner , the Electrolux Trilobite and the Roomba Discovery from iRobot --are on the verge of giving an old-fashioned upright a run for its money.
No longer does an Electrolux Aquaguard reseller for instance, have to employ mechanics to service the water purifiers when simple product training (with the market development funds provided by the manufacturer) avoids this extra expense and provides coverage in areas that could not be physically reached prior, all with zero impact on his own payroll.
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