[STOCKHOLM] Volvo Cars said on Wednesday (May 7) it would make production changes and cut 5% of the workforce at its Charleston plant in the United States due to changing market conditions and ...

Volvo has issued a safety recall for several of its most popular vehicle models. The company is currently recalling certain sedan and SUV models manufactured in recent years due to issues with ...

The new XC70 is slightly larger and more spacious compared to the XC60 model. Volvo claims the XC70 will travel up to 124 miles (200 km) on electric power alone. Familiar design elements from ...

The donut chart shows Volvo Cars' sources of revenue in 2024, China accounting for 20%, U.S for 16%, Europe for 48% and the rest for 15%. After Volvo Cars sacked former top executive Jim Rowan ...

STOCKHOLM (Reuters) - Under pressure from U.S. President Donald Trump's tariffs, Volvo Cars' new CEO Hakan Samuelsson is juggling the task of working with Chinese majority owner Geely to cut costs ...

Volvo is launching a nearly $2 billion (SEK 18 billion) restructuring plan to drive growth and mitigate the impact of Trump’s tariffs. With the new EX30 and ES90 EVs rolling out, Volvo is taking ...

Volvo Car AB is cutting 18 billion Swedish kronor ($1.87 billion) in costs to counter tepid demand and trade tensions weighing on the auto industry. The measures will lead to job reductions, the ...

[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 ...

Sweden-based automaker Volvo Cars on Tuesday announced cost-cutting plans of 18 billion Swedish kronor ($1.87 billion) and withdrew financial guidance as its operating profit fell sharply in the ...

Volvo Cars cited a planned inventory reduction, as well as wider global auto industry turbulence as reasons for its lagging first quarter performance. Swedish auto giant Volvo Cars reported on ...