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Volvo Cars drops guidance, announces cost cuts as tariffs hit earnings
STORY: Shares in Volvo fell over 10% on Tuesday morning after first-quarter profit tumbled.The automaker further spooked investors when it announced cost cuts of $1.87 billion.Withdrew its earnings forecast for the next two years.
Up to 100 workers at Volvo Group’s engine and transmission plant in Hagerstown will be part of layoffs in three states amid ...
Volvo Group North America said they informed their workers on Thursday that hundreds of employees are being laid off at three ...
Volvo Group's layoffs are the latest response from a car and truck industry that is reeling from the Republican president's tariffs on certain parts.
Some companies have announced layoffs while citing the market impact from President Donald Trump’s far-reaching tariffs.
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Volvo isn't off to a good start in 2025. After posting record sales and profits last year, the Swedish automaker is going ...
Volvo Group plans to lay off up to 800 workers at three U.S. facilities over the next three months, citing declining demand ...
Volvo Group North America confirmed to WFXR Saturday afternoon that it plans to lay off 250-350 employees at its New River ...
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Volvo CEO explains the factors behind the decision to reduce its workforce in three states while sparing its Greensboro headquarters from job cuts.
DUBLIN, Va. (WDBJ) - A new round of layoffs is headed for the Volvo Trucks New River Valley plant in Dublin, according to a ...
Virginia’s unemployment rate ticked up to 3.2% last month, an increase of nearly half a percentage point from a year earlier, and a Volvo truck factory in Southwest Virginia just announced a second ...
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