Despite posting record profits last year, Volvo’s financial situation is becoming increasingly grim this year. So it’s ...

STOCKHOLM: Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns ($1.87 billion) on Tuesday as ...

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 ...

Volvo Group said its so-called “cost and cash action plan” would include reductions in investments and redundancies at its operations across the globe.

Volvo added the cost-cutting program will result in layoffs and withdrew its 2025/ 2026 financial guidance. US President ...

Sweden-based Volvo Cars launched a cost-cutting plan totalling 18 billion Swedish crowns ($1.87 billion) as its operating ...

European stocks opened higher on Tuesday, with results out from HSBC, Lufthansa, Volvo Cars, Adidas, BP, AstraZeneca, ...