Volvo Cars to Cut About 2,500 Jobs After Quarterly Loss

Volvo Cars announced it is cutting about 2,500 jobs after posting a quarterly loss. The company faces pressure from competition in China, US tariffs, and the removal of incentives for electric vehicles, and the Geely-owned automaker is seeking to intensify its recovery efforts.

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• The company is owned by China's Geely and faces competition from local brands in China.

  «لم تُحصّن ملكية "فولفو كارز" الصينية الشركة من المنافسة في الصين»

  يورونيوز
• The pressures include US tariffs and competition from domestic Chinese brands.اقتصاد سكاي نيوز عربية on MSN
• The Swedish company announced the cuts on Friday, saying they include jobs around the world.

  «أعلنت شركة "فولفو" السويدية لصناعة السيارات، الجمعة، أنها ستلغي نحو 2500 وظيفة حول العالم»

  اقتصاد سكاي نيوز عربية on MSN

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