S&P on Friday lowered the outlook for its BB+ credit rating on Volvo Cars to "negative" from "stable", saying U.S. tariffs ...

The layoffs come as the Swedish automaker tries to resurrect its rock-bottom share price and drum up better demand for its ...

However, the company says that it has already resolved the issue of part shortage by Friday afternoon. Volvo is already going ...

The move comes after the company announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last ...

Earlier this month Volvo confirmed it was cutting 125 staff from the Ridgeville plant’s 2,500-strong workforce because of the ...

Sweden-based Volvo Cars is eliminating 3,000 positions as part of a cost-cutting program as the automotive industry faces ...

STOCKHOLM–Volvo Car said it would cut around 3,000 jobs as part of a wider plan to slash costs and become more efficient amid ...

Volvo Cars said May 26 that its cutting 3,000 positions, many in its homeland of Swenden, under a cost-reduction program ...

Volvo plans to cut 3,000 white-collar jobs to restructure operations amid rising costs and low demand for electric vehicles.

Most of Volvo Cars’ vehicles for the US market, which last year accounted for 16% of group sales, are imported from Europe.

The majority of the job cuts will affect office-based positions in Sweden. Volvo Cars said the decision would help to build a ...

One lawmaker is blaming President Donald Trump’s tariff policies as a reason Volvo temporarily suspended production at its ...