Volvo Cars launches $1.9 billion cost-cutting drive, scraps financial guidance as earnings fall

Volvo Group said its so-called "cost and cash action plan" would include reductions in investments and redundancies at its operations across the globe.

Apr 29, 2025 - 06:53
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Volvo Cars launches $1.9 billion cost-cutting drive, scraps financial guidance as earnings fall
Volvo Group said its so-called "cost and cash action plan" would include reductions in investments and redundancies at its operations across the globe.