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European luxury brands Porsche and Volvo issued new tariff warnings on Tuesday as they reported collapsing profits.
Volvo Group said its so-called “cost and cash action plan” would include reductions in investments and redundancies at its operations across the globe.
STOCKHOLM (Reuters) -Volvo Cars announced 18 billion Swedish crowns ($1.87 billion) in cost cuts and a restructuring of its U ...
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.
Volvo Trucks North America, based in Greensboro, has confirmed plans to eliminate up to a combined 980 production jobs at ...
Volvo Group, the parent company of Mack Trucks, is cutting its forecast for truck sales in North America as it grapples with ...
Mack Trucks announces hundreds of layoffs at one facility. Find out why the truck manufacturer said it needed to make the cuts.