STOCKHOLM (Reuters) - 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 to cut costs ...

Volvo Car AB is cutting 18 billion Swedish kronor ($1.87 billion) in costs to counter tepid demand and trade tensions weighing on the auto industry. The measures will lead to job reductions, the ...

Volvo Cars cited a planned inventory reduction, as well as wider global auto industry turbulence as reasons for its lagging first quarter performance. Swedish auto giant Volvo Cars reported on ...

Volvo Car AB is cutting 18 billion Swedish kronor ($1.87 billion) in costs to counter tepid demand and trade tensions weighing on the auto industry. The measures will lead to job reductions, the ...

A 10% levy will be placed on the first 100,000 British vehicles imported to the U.S. each year. The 10% tariff replaces the 25% levy vehicles have been subjected to since April 3.

Volvo CE is introducing the first wave of a new generation of wheel loaders, starting with five models ranging in size from the L150 to the L260. The five all-new models, the L150, L180, L200 High ...

Volvo Car AB’s EX30 is one of the best-selling electric cars in Europe right now, but its start in the American market has been a rocky one. The premium SUV is compact and, until now, has been ...

Responding to weakening demand for heavy-duty trucks, Volvo Group is working to cut production at its Volvo and Mack truck plants and laying off workers at the plants and potentially in white ...

The plant will also begin producing the EX30 Cross Country later in 2025. Volvo states that bringing the EX30 to its Ghent plant will create around 350 new jobs. It is located on the outskirts of the ...

Believe it or not, there was a time Volvo was the top-selling luxury automaker in the country. For those born in the 2000s, it might sound far fetched, but these Swedish cars were outselling BMW and ...

Sweden-based Volvo Cars has appointed Fredrik Hansson as its new chief financial officer (CFO) effective immediately, it said on Thursday in the latest change to the auto maker's management.

The Volvo Group has announced it’s cutting 800 workers at its Volvo and Mack Truck plants in Pennsylvania, Virginia and Maryland. “Heavy-duty truck orders continue to be negatively affected by ...