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Volvo Cars to cut costs by $1.9 billion

Volvo Cars to cut costs by $1.9 bln as earnings drop

Sweden-based Volvo Cars launched a cost-cutting plan totalling 18 billion Swedish crowns ($1.87 billion) as its operating profit fell heavily on Tuesday amid difficult market conditions for the automotive industry.

CNBC on MSN · 5h

Volvo Cars shares plunge 10% on earnings fall, withdrawn guidance and major cost-cutting drive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.

Business Recorder · 4h

Volvo Cars to cut costs by $1.9bn as earnings drop

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

6don MSN

Tariffs blamed for hundreds of layoffs at Volvo truck plants in Hagerstown, other sites

Up to 100 workers at Volvo Group’s engine and transmission plant in Hagerstown will be part of layoffs in three states amid ...

6don MSN

Tariff Layoff Tracker: Mack Trucks, Volvo Cut Hundreds Of Jobs As Trump’s Levies Pose ‘Market Uncertainty’

Some companies have announced layoffs while citing the market impact from President Donald Trump’s far-reaching tariffs.

26mon MSN

Volvo Cars to slash costs worth billions following weaker performance

Volvo Cars cited a planned inventory reduction, as well as wider global auto industry turbulence as reasons for its lagging ...

WSLS 10 News9d

Volvo announces more layoffs at three locations, including NRV plant

Volvo Group North America said they informed their workers on Thursday that hundreds of employees are being laid off at three ...

10d

Volvo Group prepares for 800 layoffs across three US sites amid tariff challenges

Volvo Group's layoffs are the latest response from a car and truck industry that is reeling from the Republican president's tariffs on certain parts.

CBT News7d

Volvo to lay off up to 800 U.S. workers due to market uncertainty

Volvo Group plans to lay off up to 800 workers at three U.S. facilities over the next three months, citing declining demand ...

Greensboro-based Volvo Group North America to lay off almost 1,000 but local operations not impacted

Volvo CEO explains the factors behind the decision to reduce its workforce in three states while sparing its Greensboro headquarters from job cuts.

Volvo to lay off at least 250 more employees at New River Valley manufacturing plant

Volvo Group North America confirmed to WFXR Saturday afternoon that it plans to lay off 250-350 employees at its New River ...

More layoffs ahead for Volvo truck operation in Dublin

DUBLIN, Va. (WDBJ) - A new round of layoffs is headed for the Volvo Trucks New River Valley plant in Dublin, according to a ...

Richmond6d

'Worth watching': Mixed signals on jobs, more layoffs loom

Virginia’s unemployment rate ticked up to 3.2% last month, an increase of nearly half a percentage point from a year earlier, and a Volvo truck factory in Southwest Virginia just announced a second ...

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