Novo Energy, the battery subsidiary of Swedish automaker Volvo Cars, will terminate 50% of its workforce-approximately 150 employees-as part of a drastic cost-cutting strategy triggered by the ...

Layoffs at Volvo and its battery firm Novo Energy highlight the uncertain economic conditions automakers face in 2025.

European markets closed lower on Wednesday, with traders monitoring corporate earnings and awaiting the Federal Reserve’s ...

The recall applies to a number of Volvo models including the 2021 to 2025 XC40, as the rearview camera image may not display ...

Northvolt went bankrupt and Novo’s plant in Gothenburg is facing a financial crisis.Amid all this, plans are moving forward ...

Over 300 employees have been affected by the EA layoffs, with another 100 eliminated at acquired company Respawn.

India's Adani Power has won a contract to supply 1500 megawatts from a thermal power plant in the northern state of Uttar ...

Volvo Cars' battery venture Novo Energy has announced a workforce reduction and organisational changes, cutting 50% of its ...

Volvo Cars' battery company Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after evaluating its ...

Novo Energy, Volvo Cars' battery company, plans to cut its workforce by half due to economic challenges and Northvolt's ...

Volvo agreed with Northvolt to take over its 50 percent stake in the company following the battery maker’s bankruptcy.