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Volvo Cars to Cut 2,500 Jobs in Cost-Saving Drive as Losses Mount
Volvo Cars is introducing a new cost-cutting package that will eliminate 2,500 jobs. In Sweden, 2,000 positions will be affected.
Cars
Weak stock market rally - Volvo Cars surges after deal with Trump administration
The stock market is slightly higher after Tuesday's fall. At 3:30 p.m., the OMXS index is up 0.1 percent. Shares of carmaker Volvo Cars are surging after a deal with the Trump administration.
Cars
Polestar sales up 7 percent in the first quarter to 13,126 cars
Gothenburg-based electric car manufacturer Polestar's sales in the first quarter rose to 13,126 cars, up 7 percent from the same quarter a year earlier.
Cars
Polestar lowers forecast for deliveries this year
Growth in deliveries is expected to slow this year, according to loss-making electric car manufacturer Polestar. The Gothenburg-based company is adjusting its target down to a low double-digit percentage.
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