Volvo is launching a nearly $2 billion (SEK 18 billion) restructuring plan to drive growth and mitigate the impact of Trump’s tariffs. With the new EX30 and ES90 EVs rolling out, Volvo is taking ...

Volvo has reported a significant decline in revenue and income for the first quarter. The company blamed a variety of issues and is embarking on a cost cutting plan. Its South Carolina plant is ...

Reigning F1 Champions McLaren have confirmed that they will withdraw from the all-electric Formula E series at the end of the current season. It comes after reports emerged on Thursday that the ...

The Volvo Group will be laying off up to 800 workers from three US-based plants. The company blames market uncertainties and the tariffs imposed by the US. Orders for heavy-duty trucks are down ...

Sky F1 pundit Martin Brundle believes Lando Norris has been struggling with the “very clever” new front suspension on the McLaren MCL39 in the early weeks of the F1 2025 season. And he fears ...

Up to 100 workers at Volvo Group’s engine and transmission plant in Hagerstown will be part of hundreds of layoffs in three states amid market uncertainty and recent tariffs. Volvo Group ...

McLaren is a name that stands tall for its prowess in only making mid-engined supercars. Things, however, will soon be changing for the brand, as a part of a major shakedown. The automaker is all ...

McLaren has completed sub-zero testing of its upcoming W1 hypercar, pushing its new V8 hybrid powertrain to the limits in the Arctic Circle. The cold-weather validation programme focused on fine ...

McLaren Racing is the third-most successful team in the history of Formula 1. It was founded by Bruce McLaren in 1963 as Bruce McLaren Motor Racing Limited. He was the only driver to have won the ...

The donut chart shows Volvo Cars' sources of revenue in 2024, China accounting for 20%, U.S for 16%, Europe for 48% and the rest for 15%. After Volvo Cars sacked former top executive Jim Rowan ...

LONDON - McLaren will exit the all-electric Formula E championship at the end of the 2024-25 season to focus on Formula One, IndyCar and a new hypercar project from 2027 in the World Endurance ...