Volvo Car AB plans to eliminate around 7% of its global workforce as the Swedish carmaker cuts costs to counter muted demand ...

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

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

Volvo Cars said May 26 that its cutting 3,000 positions, many in its homeland of Swenden, under a cost-reduction program ...

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Volvo Cars today announces global redundancies, as part of its recently launched cost and cash action plan. The action plan aims to build a stronger and even more resilient Volvo Cars at a time when ...

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

Swedish carmaker Volvo Car AB has announced a major cost-cutting move to protect its profits. The company will cut 3,000 jobs ...

The Assar Gabrielsson Foundation has awarded Marcus Borenäs as the winner in the basic science research category and Elizabeth Schepke as the winner in the clinical research category. The prize ...

Volvo Group said its Chief Purchasing Officer Andrea Fuder passed away following a short illness. Current executive vice president for the group's trucks operations Jens Holtinger will succeed her, AB ...