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

May 27 (UPI) -- Swedish automaker Volvo plans to fire approximately 3,000 employees as part of its new cash action plan.

Most of Volvo Cars’ vehicles for the US market, which last year accounted for 16% of group sales, are imported from Europe.

Volvo will cut 3,000 jobs to reduce operating costs, as it grapples with tariffs imposed on Europe, among other challenges.

Volvo has announced plans to cut around 3,000 jobs globally as part of restructuring efforts in the face of high costs, a ...

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

Volvo has announced that its vehicles will be among the first to make the switch from Google Assistant to Gemini.

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