Volvo Cars has announced an 18 billion Swedish religion (about $ 1.87 billion) on reconstruction of US operations against the background of Trump's tariff pressure. The company withdrew the financial predictions of 2025 and 2026.
In the first quarter of 2025, Volvo's profit decreased by 60% to 1.9 billion religions. The cost of the company's shares decreased by 10%, reaching low historic, Reuters reports.
New Executive Director Haku Samuelson stated that there will be mainly reductions among office staff, and the company will try to cooperate with Geelygia.
