volvo

Volvo Cars’ promise of EV boom falls on deaf ears as shares drop 12%

Shares of automaker Volvo Cars VOLCARb.ST fell as much as 12% on Thursday as its chief executive's promise of improved margins on battery electric vehicles (EVs) stood in stark contrast…

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Volvo Cars launches EX30 electric SUV with focus on affordability

New small SUV unveiled in Milan, Italy Has entry of price around 36,000 euros Already available to order in some markets Customers can choose LFP or NMC battery Volvo Cars…

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Volvo Cars delays production of Volvo EX90

COPENHAGEN, May 11 (Reuters) - Sweden-based Volvo Cars is delaying production of its Volvo EX90 model for more software development and testing, the carmaker said on Thursday. It now expects…

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Volvo Cars to axe 1,300 jobs as it steps up cost cuts

COPENHAGEN, May 4 (Reuters) - Volvo Cars will lay off around 1,300 office-based employees in Sweden as it steps up cost cutting, the Sweden-based auto maker said on Thursday. While…

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Volvo to create 3,300 jobs at $1.25 bln EV plant in Slovakia

OSLO (Reuters) - Volvo Car Group will invest 1.2 billion euros ($1.25 billion) to build an electric vehicle (EV) plant in Slovakia, the Sweden-based automaker said. The site, Slovakia's fifth, will bolster…

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Volvo Trucks says launches world’s first fossil-free steel vehicle

Truck maker AB Volvo said on Wednesday it had produced a prototype of what it said would be the world's first vehicles made of fossil-free steel. Volvo and steel-maker SSAB…

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Soft, warm and vegan-friendly, Volvo cars go leather-free

Swedish carmaker Volvo Cars said on Thursday that its vehicle range will go leather-free or 'vegan-friendly' by 2030, offering instead bio-based and recycled materials to a customer base that increasingly…

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Truckmaker Volvo warns of disruption due to semi-conductor shortage

Swedish truckmaker Volvo expects a shortage of semi-conductors to further disrupt production after problems at its Belgian plant in February, Swedish news agency TT reported. "We can see that there…

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AB Volvo to cut white-collar workforce by 4,100 jobs as pandemic weighs

Truck- and construction equipment maker AB Volvo plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, it said in a statement, citing the…

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