Volvo Cars Loses SEK 3.7 Billion, Cuts 2,500 Jobs to Halt Loss SpiralVolvo Cars posts a 3.7 bn SEK loss, cuts 2,500 jobs and plans 5 bn SEK savings amid weak sales, especially in China, as it seeks to regain profit.VOLVO AB-B SHS Industrials Capital Goods AI generated 23/10/2026, 10:20 3 minutes to read