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Analysis-Troubled by Trump's Tariffs, Volvo Cars' New CEO Turns to Chinese Owner Geely
STOCKHOLM (Reuters) - Under pressure from U.S. President Donald Trump's tariffs, Volvo Cars' new CEO Hakan Samuelsson is ...
Volvo wants to build another car in SC while cutting $1.9B in costs globally
Volvo Cars plans to cut $1.8 billion in costs while it continues to explore how it'll boost production at its Berkeley County ...
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Volvo’s U.S. market struggles continue as CEO looks to revive sales
Volvo’s EX30 faces U.S. tariff hurdles, and CEO Hakan Samuelsson tackles a major turnaround as the brand fights to regain ...
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Why Volvo Is About To Cut Costs By Up To $2 Billion
The total amount of the cost-cutting at Volvo, according to a recent report from Automotive News on the matter, is estimated ...
Volvo Wants To Build A Plug-In Hybrid In The U.S.
The automaker's Ridgeville plant in South Carolina builds just two cars now: the Volvo EX90 and Polestar 3.
EV maker Polestar pauses annual forecast amid tariff uncertainty
Polestar paused its 2025 forecast on Wednesday as it braces for a potential hit from sweeping tariffs that threaten to roil ...
Major car maker to cut jobs as part of a £1.4bn cost-saving drive as tariffs and EV sales slump weigh heavy
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
Volvo Car Pulls Guidance, Launches Plan to Soften Tariff Blow
The company launched a plan that aims to deliver 18 billion Swedish kronor in cost and cash savings to protect profitability.
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 ...
Volvo Car Eyes $1.87 Billion in Cost Cuts to Protect Profits
Volvo Car AB is embarking on an 18 billion Swedish kronor ($1.87 billion) cost cutting program to counter tepid demand and ...
Volvo to add high-volume hybrid at underutilized U.S. plant, CEO says
Hakan Samuelsson says the new model is likely to be an SUV, but he will meet with U.S. dealers to get feedback before Volvo ...
Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive
Volvo Group said its so-called “cost and cash action plan” would include reductions in investments and redundancies at its operations across the globe.