Business · 1 hour ago

Volvo Cars to cut 2,500 jobs after 24.2% share drop

Volvo Cars, the Swedish carmaker, saw its shares end Friday 24.2% lower after reporting a third-quarter operating loss. Of the 2,500 jobs going, 2,000 are in Sweden, and the company aims to reduce its expenditure by 5 billion Swedish kronor. Chief executive Håkan Samuelsson said the change in China came "faster than we thought", with Volvo's revenue there down almost 50%.

By BriefTea Editorial · 24 October 2026 at 7:51

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