Volvo Cars' Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after an evaluation of its business following the bankruptcy of Sweden's Northvolt, which originally co-owned th

Volvo Cars sales fall 11% in April

03:04am, Monday, 05'th May 2025
Volvo Cars sold 58,881 cars in April, down 11% from a year earlier, the Sweden-based company said on Monday.
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 [RIC:RIC:GEELY.UL] to cut costs with a
The company launched a plan that aims to deliver 18 billion Swedish kronor in cost and cash savings to protect profitability.
Swedish-based automaker Volvo Cars on Tuesday announced plans to launch cost cuts of 18 billion Swedish krona ($1.87 billion) as its operating profit fell sharply in the first three months of the year

Volvo Cars appoints Fredrik Hansson new CFO

02:15am, Thursday, 24'th Apr 2025
Sweden-based Volvo Cars said on Thursday it had appointed Fredrik Hansson as new chief financial officer (CFO).
AB Volvo (publ) (OTCPK:VLVLY) Q1 2025 Results Conference Call April 23, 2025 3:00 AM ET Company Participants Johan Bartler - Head of Investor Relations Martin Lundstedt - Chief Executive Officer Mats
The truck maker's earnings fell sharply, missing analysts' expectations, as sales declined 7% and deliveries fell 12% amid increasing uncertainty about U.S. tariffs.

Truck maker Volvo's Q1 profit lags expectations

01:27am, Wednesday, 23'rd Apr 2025
Swedish truck maker AB Volvo reported a bigger-than-expected fall in first-quarter operating profit on Wednesday and lowered its North America truck market outlook for 2025.
VLVLY stock continues to outdo the industry and its peer group while laying off employees in 2025.

Volvo Fires People as Tariffs Bite

09:10am, Monday, 21'st Apr 2025
American car companies have told Donald Trump that tariffs on cars and car parts will wreck their bottom lines.
Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due to market uncertainty and demand concerns in the face of President Donald Trump's tariffs, a
Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due to market uncertainty and demand concerns in the face of President Donald Trump's tariffs, a
Sweden's Volvo Cars , which is controlled by Chinese auto maker Geely (GEELY.UL), will need up to two years to expand its U.S. car production in order to avoid hefty import tariffs, CEO Hakan Samuelss
Marcelo Ebrard said in a post on X that he had been informed by Volvo headquarters in Sweden of the planned investment, which represents a rise from the $700 million Volvo had originally earmarked for
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