Volvo Profit Slumps on Lower Sales, Deliveries as Tariff Uncertainty Mounts
The truck maker's earnings fell sharply, missing analysts' expectations, as sales declined 7% and deliveries fell 12% amid increasing uncertainty about U.S. tariffs.
Truck maker Volvo's Q1 profit lags expectations
Swedish truck maker AB Volvo reported a bigger-than-expected fall in first-quarter operating profit on Wednesday and lowered its North America truck market outlook for 2025.
Volvo Fires People as Tariffs Bite
American car companies have told Donald Trump that tariffs on cars and car parts will wreck their bottom lines.
Volvo to cut up to 800 workers over Trump's tariffs
Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due to market uncertainty and demand concerns in the face of President Donald Trump's tariffs, a spokesperson said on Friday.
Volvo to cut up to 800 US jobs as Trump's tariffs bite
Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due to market uncertainty and demand concerns in the face of President Donald Trump's tariffs, a spokesperson said on Friday.
Volvo to Increase Mexican Factory Investment to $1 Billion, Minister Says
Marcelo Ebrard said in a post on X that he had been informed by Volvo headquarters in Sweden of the planned investment, which represents a rise from the $700 million Volvo had originally earmarked for the project.
Volvo Car Brings Back Hakan Samuelsson as CEO
Volvo Car reappointed Hakan Samuelsson as its chief executive, with the Swedish carmaker facing strengthening headwinds from imminent U.S tariffs and intensifying competition.
Volvo Car Cuts Guidance on Worsening Auto Market
The Swedish car maker cut its full-year guidance and said it now anticipates negative cash flow due to lower sales expectations and a weak market.
Volvo Car (VOLCAR) Restructures Leadership Amid Market Challenges
Volvo Car, majority-owned by Zhejiang Geely Holding Group, is undergoing significant leadership changes as part of its strategy to tackle the growing challenges in the automotive market. The Swedish automaker aims to enhance business efficiency, agility, and collaboration while simplifying its commercial operations.
