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By Marie Mannes STOCKHOLM (Reuters) -Volvo Cars announced 18 billion Swedish crowns ($1.87 billion) in cost cuts and a ...
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 ...
Volvo Group said its so-called “cost and cash action plan” would include reductions in investments and redundancies at its operations across the globe.
Sweden-based Volvo Cars launched a cost-cutting plan totalling 18 billion Swedish crowns ($1.87 billion) as its operating ...
Let’s see, President Donald Trump initiated his tariff war which he says will bring more manufacturing jobs back to this ...
The company’s deputy CFO Fredrik Hansson will step into its top financial seat just a month after Håkan Samuelsson rejoined ...
Volvo CEO explains the factors behind the decision to reduce its workforce in three states while sparing its Greensboro headquarters from job cuts.
On what Donald Trump called Liberation Day, he unveiled a sweeping 25 percent tariff on any car or part that isn’t made in ...