On November 6, Volvo Cars released a statement indicating that the company is currently undergoing structural adjustments. These adjustments are designed to secure a long-term EBIT (Earnings Before Interest and Taxes) margin surpassing 8%, along with positive cash flow and growth propelled by electrification. CEO Håkan Samuelsson emphasized that electrification stands as the key driver propelling the company's expansion. By intensifying joint hardware procurement efforts with Geely, Volvo is set to persistently lower variable costs and minimize expenditures in the upcoming years. Moreover, Volvo Cars conveyed that, following the implementation of a cost and cash action plan amounting to SEK 18 billion, stringent cost management will further bolster profitability. The company is in the process of finalizing substantial investments in novel technologies and infrastructure, aiming to bring investment levels down to a sustainable point.