Volvo Cars launches $1.9 bln cost cuts as Q1 profits fall-March 2024-www.financetom.com

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

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

May 25, 2025 8:30 PM

STOCKHOLM, April 29 (Reuters) - Sweden-based Volvo Cars

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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