Volvo Cars to Cut 2,500 Jobs as Q3 Revenue Falls 22.6%
Volvo Cars will cut 2,500 jobs globally, reduce costs, and restructure to combat falling sales and profitability.
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Volvo Global Sales Fall 7.4% in Jun-Aug as China Discounts Fail to Lift Demand
Volvo Cars’ global sales fell 7.4% in mid-2026, but electrified vehicle sales grew, driven by price cuts amid declining demand.
Volvo Reportedly Eyes China-Exclusive Luxury Sedan to Rival Maextro S800
Volvo plans to launch a new ultra-luxury sedan, code-named “556,” aimed at reviving its competitiveness in China’s luxury market.
Geely-Backed Polestar to Exit the U.S. From 2027 as China Software Rules Bite
Polestar’s application to sell new vehicles in the U.S. was rejected due to regulations on connected vehicle software from China.
Volvo Recalls 2,501 EX30 SUVs in China Over Battery Defect Risk
Volvo’s EX30 recall affects 2,501 Chinese vehicles due to battery issues, highlighting broader quality concerns across Geely’s brands.
Geely Q1 Sales Reach 938K Units as NEV Penetration Exceeds 50%
Geely Group sold 938,000 vehicles in Q1 2026, despite a slight decline; new energy vehicles surged to 491,000, showcasing market resilience.
Volvo to Raise Polestar Stake to 19.9% via Debt-to-Equity Conversion
On March 31, Polestar announced that Volvo Cars has agreed to convert approximately $274 million in outstanding shareholder loans into…
Geely Taps Volvo to Lead Lynk & Co Expansion in Europe
No equity changes involved in this MoU—Lynk & Co remains under Geely control, while Volvo focuses on commercial execution to accelerate expansion.
Geely Expands in Five European Markets With E5, Starray EM-i
Geely E5 and Starray EM-i now span nearly 20 mainstream European countries, backed by localized supply and service networks.
Europe Car Registrations Fall 3.5% in Jan, BYD Surges 165%, Tesla Drops 17%
Chinese brands sold a combined 70,465 vehicles in Europe in January, up 80% YoY, lifting market share from 4% in January 2025 to 7.4%.