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Volvo Cars announces 2,500 job cuts as it swings to quarterly loss
Chinese ownership has not shielded Volvo Cars from competition in China, as the Geely-owned carmaker steps up its turnaround efforts amid pressure from local rivals, US tariffs and the removal of EV incentives.
Investors Expect Modest Growth in Sustainable Allocations
Morgan Stanley Institute for Sustainable Investing polled 900 institutional investors.
Volvo Cars to cut 2,500 jobs as Q3 swings to loss
Volvo will cut 2,500 jobs, mostly in Sweden, and trim another 5 billion crowns in costs after a third-quarter loss tied to Chinese competition, U.S. tariffs and weak demand.
