Geely-owned Volvo hits Q1 slowdown amid ‘turbulence’; set to cut $1.9bn in costs

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Geely-owned Volvo hits Q1 slowdown amid ‘turbulence’; set to cut $1.9bn in costs

Geely-owned Volvo hits Q1 slowdown amid ‘turbulence’; set to cut $1.9bn in costs

By Andrew Tjaardstra April 29, 2025

The Swedish firm has said that it is no longer providing financial guidance for 2025 and 2026, with job losses expected across its global workforce.