The Business Times

Volvo

Transport & Logistics

Volvo Car posts US$1 billion loss over impairment, tariffs

Development delays and duties in the US have hit two of Volvo’s battery-powered models, the EX90 sport utility vehicle and ES90 sedan.
Transport & Logistics

Volvo takes 11.4 billion Swedish kronor charge over tariffs and EV model delays

“The automotive industry is in the middle of a challenging period. To address this, we must improve our cash flow generation and structurally lower our costs,” Volvo Cars CEO Hakan Samuelsson said.
Global Enterprise

Volvo Cars to cut 3,000 jobs in restructuring

FILE PHOTO: An employee at a Volvo car dealer, wearing a protective mask is seen in the showroom, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman
Transport & Logistics

Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite

FILE PHOTO: The Volvo logo is seen in truck for sale in Linden, New Jersey, U.S., May 23, 2022. REUTERS/Andrew Kelly/File Photo
Transport & Logistics

Volvo Cars sales fall 11% in April as fully electric cars slump

The cost cuts, part of a new “cost and cash action plan”, will include layoffs and a larger decrease in investment than earlier expected, the company says.
Transport & Logistics

Volvo Cars to cut costs by 18 billion Swedish crowns as earnings drop

Trump has upended the global trading system that has been in place for over 75 years with a plan for tariffs on products from across the world.
Transport & Logistics

Volvo to cut up to 800 US jobs as Trump’s tariffs bite

FILE PHOTO: The Volvo logo is seen in truck for sale in Linden, New Jersey, U.S., May 23, 2022. REUTERS/Andrew Kelly/File Photo
Transport & Logistics

Volvo Cars sales fall 10% in March as fully electric sales dive

Volvo's new electric car ES90 is displayed at an event at Artipelag outside Stockholm, Sweden, March 5, 2025. TT News Agency/Anders Wiklund via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. SWEDEN OUT. NO COMMERCIAL OR EDITORIAL SALES IN SWEDEN.
Transport & Logistics

Volvo unveils China-made electric sedan as tariff tensions rise

he borrowing follows a series of refinancing exercises that replaced an original 2.3 billion euros five-year facility from 2017.
Transport & Logistics

Geely signs 2.4 billion euros loan to refinance Volvo truck deal

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