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Volvo Fires People as Tariffs Bite

Summary by 247wallst.com
American car companies have told Donald Trump that tariffs on cars and car parts will wreck their bottom lines. Ford just told its dealers it will almost certainly raise prices in June to offset the increase in their expenses because of tariffs. Jaguar and Land Rover say they will stop sending cars to the United States. As tariffs raise car prices, the next move for manufacturers is bound to be layoffs. Volvo, which Zhejiang Geely owns, has just…

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Paul Tan's Automotive News broke the news in on Monday, April 21, 2025.
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