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US Tariffs, China Competition: Volvo Cars To Cut 2,500 Jobs, Most In Sweden

NDTV - Top Stories·23 Oct 2026
US Tariffs, China Competition: Volvo Cars To Cut 2,500 Jobs, Most In Sweden

The company, which had bet heavily on electric vehicles, said the removal of consumer incentives for EVs in the US under President Trump had also hit its margins.

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