Volvo Cars incurs massive losses
TT/The Local - [email protected]
Published: 7 Nov, 2008 CET.
Updated: Fri 7 Nov 2008 17:02 CET
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.
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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.
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