Volvo Cars CEO Cuts 2,500 Jobs, Warns No Short-Term Market Improvement

Volvo Cars CEO Håkan Samuelsson announced 2,500 job cuts (6% of workforce) after the company's worst quarter on record, citing no short-term market improvement. The move signals deepening auto-sector weakness and increased integration with Geely. This is a notable corporate response to deteriorating demand, with implications for European manufacturing and supply chains.

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