Volvo Cars is cutting 3,000 jobs as part of a cost-cutting initiative due to challenges in the automotive industry, including trade tensions and economic uncertainty. The majority of job losses will affect workers in Sweden, with significant reductions in office positions. CEO Håkan Samuelsson emphasized the need for improved cash flow and cost reduction. The company, owned by Geely, faces headwinds such as rising raw material costs and tariffs. This follows similar job cuts announced by Nissan, highlighting broader struggles in the automotive sector. Teljes cikk (Euronews.com)