Volvo had a solid 2024, landing record sales numbers and profits, but the picture hasn’t been as rosy for the Chinese-owned ...

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 ...

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

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

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

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 ...

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

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

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