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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…
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,…
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,…
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…
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…
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…
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…