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.

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

Following the report, however, several auto parts suppliers with huge debt obligations suffered from rising interest rates ...

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 ...

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

Volvo Cars has chosen to extend the collaboration regarding IFM services, including broad delivery within property service, workplace services and cleaning. The agreement is worth some SEK 400 M annua ...

After Northvolt's bankruptcy, Novo Energy, co-owned by Volvo Cars, is cutting 50% of its workforce to reduce costs. Despite ...

Novo Energy, a Volvo Cars venture, plans a 50% workforce reduction post evaluation, due to Northvolt's bankruptcy. Despite ...

Volvo Cars' Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after an evaluation of its business ...