Volvo Cars shares plunge 25% amid China sales slump and fresh job cuts
Volvo Cars said Friday it plans to slash 2,500 jobs as a severe decline in its Chinese market weighed on earnings in the third quarter.
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Volvo Cars said Friday it plans to slash 2,500 jobs as a severe decline in its Chinese market weighed on earnings in the third quarter.
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Updated - October 23, 2026 12:17 pm IST - Stockholm Swedish carmaker Volvo Cars said on Friday (October 23, 2026) it would cut about 2,500 jobs worldwide, as U.S. tariffs and strong competition from local brands in China pushed it into a third-quarter loss. The company, owned by Chinese…
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“What drew me to DCG was the opportunity to work with dealers well before they decide to buy or sell,” Barron said. “Those conversations can be about improving the business, planning for the future, or finding new ways to grow.
STOCKHOLM, Oct 23 (Reuters) – Volvo Cars said on Friday it will cut 2,500 jobs, mostly in its native Sweden, as the group seeks to slash costs amid tough competition from Chinese auto makers and as tariffs and weak demand hit sales in…