The company, which had bet heavily on electric vehicles, said the removal of consumer incentives for EVs in the US under President Trump had also hit its margins.
US Tariffs, China Competition: Volvo Cars To Cut 2,500 Jobs, Most In Sweden
The company, which had bet heavily on electric vehicles, said the removal of consumer incentives for EVs in the US under President Trump had also hit its margins.
Published: 23 October 2026
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