AB Volvo (publ) (VOLVF)

European truckmaking rivals AB Volvo and Daimler Truck hope to cut costs and reduce reliance on suppliers by jointly developing a software-defined vehicle program, they said on Tuesday.

NOIDA, India--(BUSINESS WIRE)-- #AI--HCLTech today announced that Volvo Cars has chosen HCLTech as one of its strategic suppliers for engineering services.

SHIPPENSBURG, Pa.--(BUSINESS WIRE)--As part of a global investment to support growing demand, Volvo Construction Equipment is expanding production capabilities in Shippensburg, Penn.

Volvo Cars sold 59,822 cars in May, down 12% from a year earlier, the Sweden-based company said on Wednesday.

S&P on Friday lowered the outlook for its BB+ credit rating on Volvo Cars to "negative" from "stable", saying U.S. tariffs and tougher competition in China were hurting the company's growth prospects.

Volvo is looking to lower costs by cutting thousands of jobs, they announced on Monday. Most of its production based in Europe and China.

Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said ...

The Swedish carmaker warned last month that job cuts were on the way as it launched a plan to cut around $1.9 billion in costs.

The move comes after the company announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan. Mikael Sjoberg | Bloomberg | Getty Images Sweden-based automaker Volvo Cars on Monday...

Sweden-based Volvo Cars said on Monday it will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand ...