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Volvo Suspends U.S. Car Production Amid Parts Shortage

Summary by NDTV
The temporary halt at the South Carolina facility in the U.S. by Volvo has resulted in employee layoffs.

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Just in time for Volvo's upcoming 100th anniversary, Geely is laying off several thousand highly skilled engineers. There are likely to be more. According to the owners, Volvo has fallen too far behind in electric car development. The factory in Torslanda will continue for a while longer, but now belongs to technological history. Reinfeldt was finally right, I think. Now our industry is almost "gone".

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NDTV broke the news in New Delhi, India on Monday, June 2, 2025.
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