The Volvo Group said on Wednesday that its net profit fell to SEK 9.89bn (€910 million) in the first three months of 2025, from a little more than SEK 14bn (€1.29bn) in the previous year.

The Volvo Group will be laying off up to 800 workers from three US-based plants. The company blames market uncertainties and the tariffs imposed by the US. Orders for heavy-duty trucks are down ...

Swedish heavy truck maker, Volvo Group, on Wednesday announced a 30-per-cent drop in net profit in the first quarter as vehicle sales fell by nine per cent due to uncertainty over trade tariffs.

Under pressure from U.S. President Donald Trump's tariffs, Volvo Cars' new CEO Hakan Samuelsson is juggling the task of ...

It's one of the multiple brands that belong to the Volvo Group, along with Renault Trucks, Mack Trucks, Nova Bus, and Prevost. While the Volvo Group is primarily known for its trucks and vehicle ...

Volvo is launching a nearly $2 billion (SEK 18 billion) restructuring plan to drive growth and mitigate the impact ...

Volvo Group plans to lay off 50 to 100 workers at its Hagerstown-area plant. The layoffs are indefinite and attributed to market uncertainty, potential regulatory changes and the impact of tariffs.

Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due to market uncertainty and demand concerns in the face of President Donald Trump’s ...

Up to 100 workers at Volvo Group’s engine and transmission plant in Hagerstown will be part of hundreds of layoffs in three states amid market uncertainty and recent tariffs. Volvo Group ...

To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Volvo Group is planning hundreds of layoffs across its operations in Pennsylvania and Maryland in response ...

Volvo Group's lay-offs are the latest response from a car and truck industry that is reeling from the Republican president's tariffs on certain parts, which is expected to increase the cost of ...