Volvo Cars swings into loss on electric vehicles, tariffs - Tuko.co.ke

Volvo Cars announced connected Thursday it had swung into nonaccomplishment successful the 2nd quarter, aft it took an impairment complaint for its electrical cars, booked restructuring charges and dealt with a slower, tariff-troubled market. Volvo Cars announced successful April an 18-billion-kronor cost-cutting plan, portion of efforts to navigate a car marketplace buffeted by US tariffs and a costly power to electrical vehicles.