Volvo Cars is restructuring its U.S. and Canadian operations as part of an $88 million global effort to tighten spending, drive efficiencies and update its work force for an all-electric future.
Volvo Car USA and Canada President Michael Cottone said the initiative, code-named CORE+, is "all-encompassing."
"There's not any area of the business that is not impacted," Cottone told Automotive News. "We have [many] different reports and jobs, and we're looking at them to make sure these are the ones that give us the biggest impact and put our resources toward them."
