Volvo Group

Sweden's Volvo Group (OTC: VLVLY) is cutting 4,100 white-collar jobs globally in the second half of the year, responding to ongoing impacts of the COVID-19 pandemic.  "The Corona epidemic and the global measures taken to fight it has led to a market situation impacting our industry severely. The...

Sweden's Volvo Group is cutting 4,100 white-collar jobs globally in the second half in response to the ongoing impacts of the COVID-19 pandemic. About 15% of the cuts will be contractors. "The Corona epidemic and the global measures taken to fight it has led to a market situation impacting our...

AB Volvo (OTC: VLVLY) reported higher third-quarter profits and sales on Friday, October 18. But it warned that orders for new trucks in North America and Europe continue to decline and a strike at its Mack Trucks unit could pinch profits depending how long it lasts. Volvo earned $1.12 billion...