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Finance / Automotive Automotive

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

Source: cnbc October 23, 2026 · 00:29
Volvo Cars shares plunge 28% amid China sales slump and fresh job cuts
Photo by Oli Liao · Pexels
From the publisher
The Swedish automaker cited a deteriorating environment led by "tougher" market conditions in China and the U.S., which "negatively affected free cash flow."
About the source

CNBC

The Consumer News and Business Channel (CNBC) is an American business news channel owned by Versant. The network broadcasts live business news and analysis programming during the morning, daytime business day, and early-evening hours, with the remaining hours filled by business-related documentaries and reality television programming, as well as occasional sports presentations from USA Sports. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and…

Wikipedia
Wikidata Q1023912
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About Sweden

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Capital
Stockholm
Region
Europe & Central Asia
Income level
High income
ISO code
SWE
Data: World Bank

About China

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Capital
Beijing
Region
East Asia & Pacific
Income level
Upper middle income
ISO code
CHN
Data: World Bank
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