Sweden-based Volvo Cars announced this week that it will eliminate around 3,000 jobs worldwide — another sign that Trump’s ...

The Sweden-based car company said in a release Monday that the move is part of its “cost and cash action plan” that is ...

“The actions announced today have been difficult decisions, but they are important steps as we build a stronger and even more resilient Volvo Cars,” said Håkan Samuelsson, Volvo Cars president and CEO ...

Volvo Cars customers will likely bear the brunt of increasing trade tariffs, CEO Hakan Samuelsson said this week, as the ...

Volvo is looking to lower costs by cutting thousands of jobs, they announced on Monday. Most of its production based in ...

Volvo Cars said May 26 that its cutting 3,000 positions, many in its homeland of Swenden, under a cost-reduction program ...

The move comes after the company announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last ...

A German court on Monday convicted four former Volkswagen managers of fraud and gave two of them prison sentences for their ...

The layoffs come as the Swedish automaker tries to resurrect its rock-bottom share price and drum up better demand for its ...

CEO Hakan Samuelsson also said consumers, not Volvo, would have to absorb the cost of tariff-related price increases ...

Volvo's Hakan Samuelsson said on Friday that its customers would have to pay a large part of tariff-related cost increases.

Volvo is inching closer to unveiling its upcoming XC70. Before that happens, photos of the model appeared on China's MIIT ...