Volvo Cars announced cost cuts of $1.87 billion, US operations as its first-quarter profit tumbled

🕒 2025-05-01

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📍 Location: Tripura , India (Test Run)

🌍 Country: India

Volvo Cars announced cost cuts of $1.87 billion, withdrew its earnings forecast for the next two years and said it would restructure its US operations as its first-quarter profit tumbled, sending shares down 10%

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