Volvo B Stock News

Volvo Cars and Alphabet's Google said on Wednesday the Swedish carmaker was now the lead development partner for Android automotive software, which should give its buyers access to new versions long before they are available via car industry rivals.

GOTHENBURG, Sweden , May 18, 2025 /PRNewswire/ -- Andrea Fuder, Chief Purchasing Officer and a member of the Volvo Group Executive Board since 2017, has tragically passed away following a short illness. Andrea led the global purchasing team and its ecosystem of supply partners through one of the most significant transformations the industry has ever seen, including navigating the pandemic, supp...

Automakers are responding to the Trump administration's latest round of auto tariffs. Ford offered customers an employee discount, but is also raising prices on Mexico-made models.

About 125 of the Charleston plant's 2,500 employees will be impacted, according to a spokesperson.

Swedish automaker Volvo Cars is recalling 413,151 vehicles in the United States over an issue with the rearview camera, the U.S. National Highway Traffic Safety Administration (NHTSA) said.

Volvo Cars said on Wednesday it would cut 5% of the workforce at its Charleston plant in South Carolina in the United States due to changing market conditions and trade policies, including tariffs.

Volvo Cars' Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after an evaluation of its business following the bankruptcy of Sweden's Northvolt, which originally co-owned the battery venture.

Volvo Cars sold 58,881 cars in April, down 11% from a year earlier, the Sweden-based company said on Monday.