Volvo Cars announced 18 billion Swedish crowns ($1.87 billion) in cost cuts and a restructuring of its U.S. operations on ...

STORY: Shares in Volvo fell over 10% on Tuesday morning after first-quarter profit tumbled.The automaker further spooked ...

Volvo Cars cited a planned inventory reduction, as well as wider global auto industry turbulence as reasons for its lagging ...

Volvo added the cost-cutting program will result in layoffs and withdrew its 2025/ 2026 financial guidance. Related News CICC ...

European luxury brands Porsche and Volvo issued new tariff warnings on Tuesday as they reported collapsing profits.

Volvo Group said its so-called “cost and cash action plan” would include reductions in investments and redundancies at its ...

STOCKHOLM: Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns ($1.87 billion) on Tuesday as ...

STOCKHOLM] Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns (S$2.4 billion) on Tuesday (Apr 29) as its operating profit fell heavily amid difficult market conditions for the ...

Despite posting record profits last year, Volvo’s financial situation is becoming increasingly grim this year. So it’s ...

A Texas bankruptcy ruling led to the planned shutdown of two hospitals, employing 2,651 people and serving 75,000 patients in ...

The ripple effects of Trump’s tariffs continued to batter corporate America on Tuesday, with major firms slashing jobs, ...