All entries on Volvo Cars across all areas, newest first. tag:eurotrack.ai,2026:en:en/companies/volvo-cars 2026-10-23T06:00:00Z Eurotrack tag:eurotrack.ai,2026:d351e1cd:en 2026-10-23T06:00:00Z

Swedish carmaker Volvo Cars announced on 23 October 2026 that it will cut around 2,500 jobs, about 2,000 of them in Sweden, mainly in the Gothenburg area. Chief financial officer Fredrik Hansson said the reductions will come through voluntary departures and a very restrictive hiring policy. The company, majority-owned by China's Geely, reported a third-quarter loss of SEK 5.7bn and its shares fell by about 27% at one point in Stockholm (ANSA, 23 Oct 2026; second source: Jornal de Negócios, 23 Oct 2026). — Sources: https://www.ansa.it/sito/notizie/economia/2026/10/23/volvo-cars-licenzia-2.500-dipendenti_d4f83e7a-57cb-4dbc-82f6-596b28eef689.html · https://www.jornaldenegocios.pt/empresas/detalhe/volvo-corta-2-500-mil-postos-de-trabalho-acoes-caem-quase-30

tag:eurotrack.ai,2026:982835f6:en 2026-09-21T06:00:00Z

The first work shift started on 21 Sep 2026 at Volvo Cars' new electric-car plant in Valaliky near Košice, where headcount has passed 1,000, around 95% of production staff being Slovak. About 300 more people are to be hired by the end of the year; test production begins within weeks, with series production scheduled for 2027 (TASR/teraz.sk and STVR, 21 Sep 2026). Update (21 Sep 2026): According to The Slovak Spectator, testing that had already been under way in parts of the plant was extended to final assembly on 21 Sep 2026, so test vehicles now pass through the whole production process; they are for testing and development, not for sale. Series production is due to start around the turn of 2026/27, with about 350 cars a day on one shift planned by summer 2027 (The Slovak Spectator, 21 Sep 2026). — Sources: https://www.teraz.sk/ekonomika/zavod-volvo-prijal-1000-zamestnancov-a/993778-clanok.html · https://spectator.sme.sk/business/c/volvo-kosice-test-production-slovakia

tag:eurotrack.ai,2026:ef306bdd:en 2026-07-15T06:00:00Z

On 15 July 2026 Volvo Cars, the Flemish government and the Belgian federal government signed a letter of intent: a support package of up to €119 million (incl. €30m for energy efficiency/circular production, up to €80m innovation funding over 10 years, €9m for training); in return Volvo commits to investing in its Ghent plant (approx. 6,500 employees). Contract manufacturing for other Geely brands (Polestar, Lynk & Co, Zeekr) is also being considered to secure the site as an EV hub. — Source: https://www.vrt.be/vrtnws/nl/2026/07/15/steunpakket-van-119-miljoen-euro-vlaamse-en-federale-overheid-s/