JUNE 25 – STOCKHOLM, SWEDEN- Ford-owned Volvo Cars Wednesday said it has given layoff notices to 1,200 employees in Sweden as part of efforts to reduce costs by around 4 billion kronor (US$662 million).

Where is the Auto Industry going?

Read TWST’s exclusive interview with analyst Efraim Levy of Standard and Poor’s U.S. Equity Group for a complete overview of the Automotive Sector.

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