Volvo Cars cuts about 2,500 jobs and announces new cost-saving programme amid quarterly loss
Volvo Cars reported a net loss of SEK 5.7 billion in the third quarter amid US tariffs and competition in China. The company announced an additional SEK 5 billion cost-saving programme and the elimination of about 2,500 jobs, of which around 2,000 in Sweden. The company's shares on the Stockholm stock exchange fell by more than 25% on Friday.
Javlon Tursunov