Volvo Cars launches $1.9 billion cost-cutting drive, scraps financial guidance as earnings fall
- Posted on April 29, 2025
- By CNBC
- 3 Views
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.
