Volvo plans to cut 2,500 jobs due to China's bruising pricing war

Fecha de publicación: 23 de octubre de 2026, 14:40

Legacy automakers are struggling to compete in China. Bloomberg/Getty Images Legacy carmakers continue to report slumping sales in China. Volvo is the latest. It's planning 2,500 global job cuts to save about $530 million. America is a problem, too. Tariffs, crushed EV incentives, and Polestar's…