Business
Volvo cars' sales volumes drop 7% in November-January period in challenging market
Sweden-based Volvo Cars sold 177,830 cars in the November-January period, down 7 per cent from the same period a year earlier, it said on…
Tag
Volvo
News
Volvo identifies battery fire risk in EX30 Ultra EVs; owners told to limit charging to 70%
Some 143 owners of the Volvo EX30 Ultra electric car in Singapore are being advised not to charge their vehicles beyond 70 per cent due to…
Business
Volvo car profit unexpectedly rises on cost-cutting success
Volvo Car reported better-than-expected profit in the third quarter as the automaker benefited from the effects of its 18 billion-kronor…
Culture
Volvo Car posts US$1 billion loss over impairment, tariffs
The automaker’s retail sales plunged 12% to 181,600 vehicles in the second quarter Volvo Car posted a US$1.03 billion operating loss in…
Culture
Volvo takes 11.4 billion Swedish kronor charge over tariffs and EV model delays
Carmaker is also struggling to attract EV buyers in the highly competitive Chinese market Volvo Car is taking a one-time non-cash…
Business
Chinese-owned Volvo Cars to cut 3,000 white collar jobs
Sweden-based car maker Volvo Cars says it will cut around 3,000 jobs as part of its cost-cutting measures. The firm says the layoffs will…
Business
Volvo Cars to cut 3,000 jobs in restructuring
Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a…
News
Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
The changes would affect about 125 of the 2,500 employees at its factory in South Carolina Volvo Cars said on Wednesday (May 7) it would…
Culture
Volvo Cars sales fall 11% in April as fully electric cars slump
Volvo Cars reported on Monday (May 5) an 11 per cent decrease in April sales to 58,881 cars from a year earlier, sending its shares down.…
Business
Volvo Cars to cut costs by 18 billion Swedish crowns as earnings drop
Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns (S$2.4 billion) on Tuesday (Apr 29) as its operating profit fell…
Business
Volvo Cars sales fall 10% in March as fully electric sales dive
Volvo Cars sold 70,737 cars in March, down 10 per cent from a year earlier as sales of fully electric cars tumbled, the Sweden-based…
Lifestyle
Jaguar's rebranding sparks 'woke' backlash, while Volvo's ad wins praise
The culture wars have spilled over from the political arena into the automotive industry, as two major automakers recently released ads…
Business
Geely seeks over two billion euros loan to refinance Volvo truck deal
CHINESE billionaire Li Shufu’s Zhejiang Geely Holding Group is in talks with banks for a syndicated loan to refinance borrowings related…
Business
Volvo Cars October sales rise 3% year-on-year
VOLVO Cars’ sales rose 3 per cent year-on-year in October to 61,686 cars driven primarily by an increase in sales of fully electric and…