Up to 100 workers at Volvo Group’s engine and transmission plant in Hagerstown will be part of layoffs in three states amid ...

Ongoing economic turmoil and uncertainty leading to slower demand for heavy-duty trucks has prompted Volvo Trucks North ...

Volvo Cars announced 18 billion Swedish crowns ($1.87 billion) in cost cuts and a restructuring of its U.S. operations on ...

STORY: Shares in Volvo fell over 10% on Tuesday morning after first-quarter profit tumbled.The automaker further spooked ...

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

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

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

Volvo CEO explains the factors behind the decision to reduce its workforce in three states while sparing its Greensboro headquarters from job cuts.

Layoffs at Mack Trucks’ Lehigh Valley Operations facility in Macungie, Pennsylvania, are also due to market uncertainty surrounding freight rates and demand, a Mack Trucks spoke ...

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

Volvo Group’s North American truck operations are set to lay off about 1,000 employees in the coming weeks, CEO Martin Lundstedt said April 23. Lundstedt dropped the bombshell in the final ...