Volvo Cars to cut 2,500 jobs as losses hit shares
Most of the cuts will fall in Sweden as Volvo Cars confronts weaker Chinese sales, tougher US conditions and a sharp fall in investor confidence.
Read the full story → · Latest coverage 23 Oct 2026, 8:25 am UTC
Key moments · 4
Volvo Cars swings to a quarterly loss
Euronews ↗Company announces 2,500 job cuts, mostly in Sweden
DN.se ↗Further five billion kronor in cost reductions planned
Vg ↗Shares plunge 28 percent amid China sales slump
CNBC International ↗
