Volvo Cars to cut 2,500 jobs globally and reports an adjusted operating loss of 3.7 billion Swedish crowns for the third quarter.

The job cuts, primarily in Sweden, are part of a broader cost-reduction initiative that includes an additional 5 billion crowns in indirect and variable costs. The company's gross margin declined to 14.7% from 20.4% a year ago, attributed to intense competition, tariffs, and weakened demand in the United States.