Layoffs at Volvo and its battery firm Novo Energy highlight the uncertain economic conditions automakers face in 2025.

Volvo Cars' battery company Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after evaluating its ...

Novo Energy, the battery subsidiary of Swedish car manufacturer Volvo Cars, is cutting every second job. This is a reaction ...

Volvo Cars' battery venture Novo Energy has announced a workforce reduction and organisational changes, cutting 50% of its ...

After Northvolt's bankruptcy, Novo Energy, co-owned by Volvo Cars, is cutting 50% of its workforce to reduce costs. Despite ...

Novo Energy, the battery subsidiary of Swedish automaker Volvo Cars, will terminate 50% of its workforce-approximately 150 employees-as part of a drastic cost-cutting strategy triggered by the ...

Novo Energy, a Volvo Cars venture, plans a 50% workforce reduction post evaluation, due to Northvolt's bankruptcy. Despite ...

Northvolt went bankrupt and Novo’s plant in Gothenburg is facing a financial crisis.Amid all this, plans are moving forward ...

Volvo agreed with Northvolt to take over its 50 percent stake in the company following the battery maker’s bankruptcy.

Northvolt and Volvo Cars formed Novo Energy in 2021 to build a dedicated battery factory in Gothenburg on Sweden's west coast. The joint venture already in January began cost-cutting measures ...