EconomicSweden·23 Oct 2026
Volvo shares decline following sales drop in China and job cut announcement
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Volvo Cars shares experienced their sharpest decline since the company's October 2021 listing following the announcement of 2,500 job cuts and a 40% plunge in third-quarter deliveries in China. CEO Hakan Samuelsson noted that the company's previous model of selling European-developed premium vehicles in China is no longer competitive against domestic…
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