NDTV·Business

Volvo Cars to Cut 2,500 Jobs, Most in Sweden

Summarised by Spiced Kopi · 23 October 2026, 08:19 UTC ·9 sec listen

Volvo Cars plans to cut 2,500 jobs, with most reductions in Sweden, amid United States tariffs and competition from China. In 2024, it dropped its goal of selling only electric vehicles by the end of the decade.

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