Volvo Cars will pay Northvolt almost nothing for its 50% stake in their battery venture Novo Energy that it had agreed to ...

In the last quarter of 2024, the group recorded a 28 percent drop in operating profit to 3.9 billion kronor, partly due to a ...

Volvo Cars faces challenges in 2025, including tariffs, slowing EV adoption, and rising competition from Chinese automakers.

We’re preparing ourselves to see whether we need to start looking at production relocation or or even supplier relocation,” ...

Last week, Volvo Cars agreed with Northvolt to take over its stake in the venture, which included a planned Gothenburg ...

partly due to a 1.7 billion writedown of a joint venture with struggling battery maker Northvolt. Volvo Cars has taken over the entirety of what was a joint venture to build a giant battery ...

(Reuters) - (This Feb. 6 story has been corrected to say Volvo 'will pay Northvolt almost nothing,' not 'will not pay Northvolt,' in the headline and paragraph 1, and to say 'purchase price is ...

(Reuters) - (This Feb. 6 story has been corrected to say Volvo 'will pay Northvolt almost nothing,' not 'will not pay Northvolt,' in the headline and paragraph 1, and to say 'purchase price is rounded ...

(Corrects Feb. 6 story to say in headline and lead that Volvo "will pay Northvolt almost nothing" (not "will not pay Northvolt") and corrects second bullet point to say "purchase price is rounded to 0 ...