Reuters: Company News
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UPDATE 1-Volvo Cars to cut costs as trade war dents profits http://feeds.reuters.com/~r/reuters/companyNews/~3/Le2SbZ571Rw/update-1-volvo-cars-to-cut-costs-as-trade-war-dents-profits-idUSL8N24J0LN Jul 18th 2019, 06:30
Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability.
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