Volvo prepares to lay off up to 800 workers in U.S., Reuters says

Volvo (VLVLY) Group prepares to lay off as many as 800 workers across three U.S. sites amid uncertainty over how the U.S. tariff policy will affect demand, Chris Prentice of Reuters reports. The company plans to lay off 550-800 people at its Mack trucks site in Macungie, Pennsylvania as well as at two Volvo Group facilities in Dublin, Virginia, and Hagerstown, Maryland.