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

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

Novo Energy, the battery subsidiary of Swedish car manufacturer Volvo Cars, is cutting every second job. This is a reaction to the company's reorganisation ...

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

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 ...

Novo Energy cuts a further 150 jobs Northvolt bankruptcy impacts Novo Energy's operations Volvo Cars aims to continue battery production in Gothenburg STOCKHOLM, May 5 (Reuters) - (This May 5 ...

At 12:00 on Friday, the staff were called to an “all hands” meeting at the bankrupt Northvolt. According to several employees Norran has spoken to, the meeting began with management pointing out that ...

Volvo Cars in February agreed with Northvolt to take over its 50% stake in Novo Energy, which included a planned Gothenburg battery cell factory, paying only a token sum. Northvolt, once considered ...

Northvolt and Volvo Cars formed Novo Energy in 2021 to build a dedicated battery factory in Gothenburg on Sweden's west coast. The joint venture already in January began cost-cutting measures ...