Volvo Cars announced that it will cut down around 3,000 jobs as a part of a restructure due to the high costs and low demand for electric vehicles. Volvo Cars announced that it will cut down ...

Layoffs represent some 15% of company's total office staff Group announced plans last month to slash costs by $1.9 billion Volvo Cars more exposed than many European peers to U.S. tariffs ...

Sweden-based Volvo Cars is eliminating 3,000 positions as part of a cost-cutting program as the automotive industry faces challenges from trade tensions and resulting economic uncertainty.

Volvo Cars CEO Hakan Samuelsson said Friday that its customers would have to pay a large part of tariff-related cost increases, and that it could become impossible to import one of its most ...

STOCKHOLM–Volvo Car VOLCAR.B3.30%increase; green up pointing triangle said it would cut around 3,000 jobs as part of a wider plan to slash costs and become more efficient amid a challenging ...

Volvo, a Swedish automaker who are popular for its safety first approach is racing ahead in the AI revolution, and have become the first car manufacturer to officially confirm the integration of ...

Volvo has warned that US tariffs could make it too expensive to import its EX30 SUV. President Trump has recommended a 50% tariff on goods imported from Europe. CEO Hakan Samuelsson said he ...

FRANKFURT, May 26 (Bernama-dpa): Swedish car manufacturer Volvo Cars plans to cut thousands of administrative jobs as part of cost-cutting measures, the firm announced on Monday, reported German ...

Sweden's Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade ...

China’s MITT has revealed new details about the upcoming Volvo XC70 plug-in hybrid. The crossover features a 1.5-liter engine and offers two battery options for buyers. A launch is set for later ...

STOCKHOLM/DETROIT (Reuters) -Volvo Cars CEO Hakan Samuelsson said on Friday that its customers would have to pay a large part of tariff-related cost increases, and that it could become impossible to ...

Sweden’s Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric-vehicle demand and trade ...