Sweden's news in English

Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Volvo Cars incurs massive losses

Share this article

17:02 CET+01:00
Volvo Cars saw its problems worsen on Friday as the company recorded a third quarter loss of $458 million (3.6 billion kronor).

The results were considerably worse than those posted for the same period last year, when Volvo registered losses of $167 million.

Volvo has previously this year announced plans to lay off more than 6,000 workers.

Further savings measures are planned for the future, according to the report.

Get notified about breaking news on The Local

Share this article