Volvo Cars announces 2,500 job cuts worldwide
File photo shows Volvo cars on the forecourt of a Volvo dealership in Reading. | Photo Credit: AFP Swedish carmaker Volvo Cars said on Friday (October 23, 2026) it would cut about 2,500 jobs worldwide, as U.S. tariffs and strong competition from local brands in China pushed it into a third-quarter loss. The company, owned by…