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 ...

Volvo aims to lift its stock value and spur demand through a strategic overhaul and cost-cutting measures. Credit: William Barton / Shutterstock.com. Volvo Cars is set to cut around 3,000 jobs as ...

Luxury automaker Volvo is slashing 3,000 jobs, representing about 15% of the company's office-based workforce. The announcement made Monday says the most impacted positions are in Sweden.

Volvo Car AB plans to eliminate around 7% of its global workforce as the Swedish carmaker cuts costs to counter muted demand and protect profits. The move will affect around 3,000 positions ...

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 ...

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 uncertainty, it ...

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 ...

Volvo announced it plans to cut 3,000 positions as President Trump’s tariffs continue to rattle the auto market. The Sweden-based car company said in a release Monday that the move is part of ...

Volvo Cars and Alphabet's Google said on Wednesday the Swedish carmaker was now the lead development partner for Android automotive software, which should give its buyers access to new ...

Volvo, the Swedish car company, has been popular with family car buyers looking for a safe and efficient vehicle. The Volvo Group's origins can be traced back to 1927, when Assar Gabrielsson and ...

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.