Volvo Cars launches $1.9 bln cost cuts as Q1 profits fall

ReutersApr 29, 2025 5:06 AM

STOCKHOLM, April 29 (Reuters) - Sweden-based Volvo Cars VOLCARb.ST launched a cost-cutting plan totalling 18 billion Swedish crowns ($1.87 billion) as its operating profit fell heavily on Tuesday amid difficult market conditions for the automotive industry.

($1 = 9.6170 Swedish crowns)

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