Volvo Cars to cut 2,500 jobs because of bad Q3 results
October 26, 2026
Volvo Cars will cut 2,500 jobs, mostly in its home country of Sweden, as the group seeks to slash costs amid tough competition from Chinese automakers and as tariffs and weak demand hit U.S. sales. The company, majority-owned by China’s Geely, reported an adjusted operating loss of 3.7 billion Swedish crowns (€333 million) for the […]