DevelopingBusiness · China

Volvo Cars shares plunge 28% amid China sales slump and fresh job cuts

First reported 2026-10-23 07:29 UTC · Updated 2026-10-23 11:58 UTC · 2 independent sources

The Swedish automaker cited a deteriorating environment led by "tougher" market conditions in China and the U.S., which "negatively affected free cash flow."

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Who reported it

  1. 2026-10-23 07:29 UTCCNBC · cnbc.com ↗
  2. 2026-10-23 10:48 UTCIraqi News via AFP · iraqinews.com ↗

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