Volvo Cars

Volvo Cars to cut 2,500 jobs as China slump fuels Q3 loss

Volvo Cars said on Friday, October 23, that it will cut about 2,500 jobs, 2,000 of them in Sweden, under a new 5 billion kronor savings plan after falling to a third-quarter loss that was much deeper than analysts expected.…

Volvo Cars taps Škoda chief Klaus Zellmer as next CEO

Volvo Cars announced Sunday that its board of directors has appointed Klaus Zellmer as President and Chief Executive Officer, with the veteran automotive executive set to assume the role no later than October 1, 2027.

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Volvo Cars Q1 profit beats expectations despite sales decline

Volvo Cars on Wednesday reported a first-quarter operating profit of 1.6 billion Swedish kronor ($172 million), beating analyst expectations even as revenue and overall sales declined amid tariffs, intensifying competition, and broader economic uncertainty.