Volvo Cars
Volvo Cars Slashes 3,000 Jobs to Tackle Cost Pressures and Trade Tariff Woes
May 27 2025 – Volvo Cars, the Swedish automaker under the ownership of China’s Geely Holding Group, unveiled on Monday a significant workforce reduction as part of a restructuring initiative announced last month. The company plans to slash 3,000 jobs, predominantly affecting white-collar positions, amidst a backdrop of escalating costs, sluggish demand for electric vehicles,…
Volvo Slashes 800 U.S. Jobs as Tariffs Fuel Demand Uncertainty in Heavy-Duty Sector
April 21, 2025 – Volvo Group disclosed on Friday (North American time) that it intends to cut up to 800 positions across three of its facilities within the next three months due to market uncertainties stemming from U.S. government tariff policies. The job reductions will affect the Mack Trucks plant in Macungie, Pennsylvania; the Dublin…
Volvo Revises 2030 Electrification Goal Due to Lower-Than-Expected Demand
September 05, 2024 – Swedish automaker Volvo has announced on Wednesday, according to Reuters, that it has revised its previous goal of only selling fully electric vehicles by 2030. The company now plans to include some hybrid cars in its product lineup for that year. Volvo Cars stated that due to changing market conditions and…