European luxury brands Porsche and Volvo issued new tariff warnings on Tuesday as they reported collapsing profits.

Volvo added the cost-cutting program will result in layoffs and withdrew its 2025/ 2026 financial guidance. US President ...

Sweden-based Volvo Cars launched a cost-cutting plan totalling 18 billion Swedish crowns ($1.87 billion) as its operating ...

Volvo Group said its so-called “cost and cash action plan” would include reductions in investments and redundancies at its operations across the globe.

STOCKHOLM: Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns ($1.87 billion) on Tuesday as ...

Volvo Cars announced cost cuts of 18 billion Swedish crowns ($1.87 billion) on Tuesday, withdrew its earnings forecast for ...

Volvo Cars cited a planned inventory reduction, as well as wider global auto industry turbulence as reasons for its lagging ...

STOCKHOLM] Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns (S$2.4 billion) on Tuesday (Apr 29) as its operating profit fell heavily amid difficult market conditions for the ...

A Texas bankruptcy ruling led to the planned shutdown of two hospitals, employing 2,651 people and serving 75,000 patients in ...

ECARX (Nasdaq: ECX), ("ECARX” or the "Company”), a global automotive technology provider, announced a new phase of its collaboration with Qualcomm Technologies, Inc. Building on their long-term ...

Citing espionage concerns, British defence firms have reportedly instructed staff to avoid charging their phones in ...