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Volvo Cars shares plunge 31% amid China, U.S. slump and fresh job cuts

October 23, 2026 CNBC 1 min read
CNBC · Center
Volvo Cars shares plunge 31% amid China, U.S. slump and fresh job cuts

The Swedish automaker cited a deteriorating environment led by “tougher” market conditions in China and the U.S., which “negatively affected free cash flow.”

Source: CNBC

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