Automotive manufacturer Volvo loses 2,500 jobs after loss

In China, Volvo's turnover is almost half down, and in the USA it has been weak.

Economy 5 independent outlets · 13 articles translated from German updated 23 October, 12:38

What happened

Volvo Cars is recording billions of losses and reacts with a savings program: around 2500 jobs are lost.

Automaker Volvo, part of the Chinese Geely Group, slipped into the loss zone in the third quarter.

5 independent outlets · 13 articles

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