Volvo Cars reported a 12% decrease in worldwide sales in May 2025, totaling 59,822 cars. Electrified models accounted for 44% of sales, down from 66% in May 2024. The XC60 was the best-selling model, followed by the XC40/EX40 and XC90. The company announced it would cut 3,000 jobs to save SEK 18 billion, primarily affecting office positions in Sweden. Volvo aims to become a fully electric car company by the end of the decade, despite challenges from tariffs and rising material costs. Teljes cikk (Euronews.com)