Volvo Cars sales fall 12% in May

03:04am, Wednesday, 04'th Jun 2025
Volvo Cars sold 59,822 cars in May, down 12% from a year earlier, the Sweden-based company said on Wednesday.

New Strong Sell Stocks for June 3rd

08:46am, Tuesday, 03'rd Jun 2025
FOLD, BRCC and VLVLY have been added to the Zacks Rank #5 (Strong Sell) List on May 3, 2025.
S&P on Friday lowered the outlook for its BB+ credit rating on Volvo Cars to "negative" from "stable", saying U.S. tariffs and tougher competition in China were hurting the company's growth prospects.
Volvo Trucks North America's new truck model – the all-new Volvo VNL - has earned the 2025 Red Dot Award for Product Design in the commercial vehicles category – a prestigious international honor

Volvo to cut 3,000 jobs amid Trump tariff fight

08:11am, Tuesday, 27'th May 2025
Volvo is looking to lower costs by cutting thousands of jobs, they announced on Monday. Most of its production based in Europe and China.
Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it sai

Volvo Car to Cut Around 3,000 Jobs

07:43am, Monday, 26'th May 2025
The Swedish carmaker warned last month that job cuts were on the way as it launched a plan to cut around $1.9 billion in costs.
The move comes after the company announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan. Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Monday

Volvo Cars to cut 3,000 jobs in restructuring

07:10am, Monday, 26'th May 2025
Sweden-based Volvo Cars said on Monday it will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand
Volvo said it could become impossible to import one of its most affordable cars to the US if levies increase.
Volvo Cars CEO Hakan Samuelsson told Reuters on Friday that the company's customers would have to pay a large part of tariff-related cost increases.
Volvo Cars and Alphabet's Google said on Wednesday the Swedish carmaker was now the lead development partner for Android automotive software, which should give its buyers access to new versions long b
About 125 of the Charleston plant's 2,500 employees will be impacted, according to a spokesperson.
Swedish automaker Volvo Cars is recalling 413,151 vehicles in the United States over an issue with the rearview camera, the U.S. National Highway Traffic Safety Administration (NHTSA) said.
Volvo Cars said on Wednesday it would cut 5% of the workforce at its Charleston plant in South Carolina in the United States due to changing market conditions and trade policies, including tariffs.
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