AB Volvo (publ)
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Founded in 1915 and headquartered in Gothenburg, Sweden, AB Volvo (publ) is a global industrial powerhouse. The company manufactures and sells a wide array of commercial vehicles, construction machine...
Latest News
1 day ago · wsj.com
Volvo Car Sales Drop on Continued China, U.S. WeaknessVolvo Car said global sales fell 16% on year in the three months through October, with demand hit by continued challenging market conditions in the U.S. and China.
13 days ago · businessinsider.com
Volvo plans to cut 2,500 jobs due to China's bruising pricing warLegacy carmakers continue to report slumping sales in China. Volvo is the latest.
14 days ago · invezz.com
Volvo Cars shares crash to all-time low after Q3 revenue collapses 22.6%Volvo Cars shares plunged on Friday after the Swedish automaker reported a third-quarter net loss of approximately $573 million and announced plans to eliminate 2,500 jobs as it steps up efforts to contain costs. The stock fell more than 26%, hitting record lows after the results revealed the extent of pressure on the company's business.
14 days ago · wsj.com
Volvo Car Shares Plunge as Automaker Slashes More JobsShares were down 26% after the automaker said it would cut another 2,500 jobs—around 6% of its workforce—amid worsening market conditions.
14 days ago · youtube.com
Volvo CEO Says China Market Gone, Luxury Weakness RemainsVolvo plunged by about 30% to a record low after the Swedish automaker's chief executive officer said the market for Western-developed cars in China is disappearing fast, prompting it to cut 2,500 more jobs. Luxury powerhouses including Hermès and Cartier are suffering steeper slumps in China, in a sign that a spending pullback by the country's wealthy consumers is hitting even the most resilient brands.
14 days ago · youtube.com
Volvo Cars CEO: Europe-developed models ‘will not work' in ChinaVolvo Cars CEO, Håkan Samuelsson, discusses the company's lower-than-expected Q3 results, weakness in China and job cuts, as shares hit their lowest ever levels.
14 days ago · cnbc.com
Volvo Cars shares plunge 25% amid China sales slump and fresh job cutsVolvo Cars shares plunge 25% amid China sales slump and fresh job cuts
14 days ago · youtube.com
OpenAI Trims Target Value & Volvo Cars Cuts 2,500 JobsBloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia.
14 days ago · wsj.com
Volvo Car to Cut 2,500 Jobs as Part of Plan to Cut Costs FurtherThe carmaker—majority-owned by China's Zhejiang Geely Holding Group—said it needed to reinforce its turnaround plan with additional decisive actions.
21 days ago · techcrunch.com
Volvo makes a bigger bet on NvidiaVolvo is leveling up its automated driving system through an expansion of its nearly decade-long partnership with Nvidia. The companies announced on Thursday that Volvo will use three pieces of Nvidia hardware and software in its future vehicles to provide an automated driving system that can navigate urban streets and highways.
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