Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive

Here's how Volvo plans to overcome Trump's tariffs with new EVs arriving

Volvo is launching a nearly $2 billion (SEK 18 billion) restructuring plan to drive growth and mitigate the impact of...

The stock price plummeted and a large number of jobs were lost in Gothenburg. This was the result of Volvo Cars' weak report. Now the new CEO Håkan Samuelsson is going to turn the company around.

Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive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

Volvo to slash jobs in cost-cutting drive

The Swedish car brand is looking to cut almost $3 billion across its operations as it faces ‘external headwinds’. Iconic Swedish car maker Volvo will axe jobs from its global workforce and said it would not provide ‘financial guidance’ for 2025 and 2026 amid increasing uncertainty in the global automotive business and slowing sales. The car maker – whose parent company Geely also owns Lotus, Polestar and Zeekr – did not say how many jobs, where…

Volvo doesn't run and the Chinese Geely cuts back

Turnover down 12 percent for Volvo, which sees net profit collapse by 73 percent: and now the Chinese of Geely are asking the Swedes for a 1.64 billion euro restructuring The celebrations in Europe will probably be short-lived for the result of having obtained, with the weapon of tariffs, from Geely (which controls Volvo) investments in Belgium for the production of electric cars with the Swedish brand which have so far been "made in China". Vo…

Volvo Cars to cut investments and revise forecasts and strategy (Update)

Volvo Cars reports a group operating income (EBIT) of SEK 1.9 billion (€173 million) for the first quarter of 2025, following a drop in wholesales (-6%) and adverse currency effects. The result also reflects the current turbulence in the world and a challenging external environment for the automotive industry. To protect profitability, drive structural efficiencies on direct and indirect costs, and help offset external headwinds, the company has…