The move comes after the company announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last ...

Volvo Cars sold 59,822 cars in May, down 12% from a year earlier, the Sweden-based company said on Wednesday.

Rising tariff uncertainty and higher material prices, among other factors, has resulted in several European car companies to ...

Volvo's 150,000-vehicle assembly plant near Charleston, S.C., produced about 20,000 vehicles last year, just 13 percent of ...

Sweden-based Volvo Cars is eliminating 3,000 positions as part of a cost-cutting program as the automotive industry faces ...

Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high ...

Sweden's Volvo said Monday it would cut 3,000 jobs, or around 15 percent of its office-based workforce, as part of a $1.9 ...

May 27 (UPI) -- Swedish automaker Volvo plans to fire approximately 3,000 employees as part of its new cash action plan.

STOCKHOLM--Volvo Car said global sales fell 12% on year in May. The Swedish automaker, which is majority-owned by China's Zhejiang Geely Holding Group, sold 59,822 cars in May, down from 68,034 in the ...

The Ford Motor Company sold Volvo in 2010 to Geely, a Chinese company, because Volvo wasn't selling as well as expected ...

Sweden-based automaker Volvo Cars on Monday said it would cut around 3,000 jobs as part of a major cost-cutting drive. The move comes after the company, which is owned by China's Geely Holding ...