Volvo to cut 3,000 jobs as Trump tariffs rattle auto market

May 27, 2025 - 00:01
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Volvo to cut 3,000 jobs as Trump tariffs rattle auto market
Volvo announced it plans to cut 3,000 positions as President Trump’s tariffs continue to rattle the auto market.  The Sweden-based car company said in a release Monday that the move is part of its “cost and cash action plan” that is designed to build a stronger company as the industry faces “considerable challenges in its…

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