Volvo Shares Hit Record Low After Q3 Loss: What’s Next?

TLDR Volvo shares fell more than 26% on Friday, reaching record lows after disappointing quarterly results. Third-quarter revenue declined 22.6% to 66.9 billion Swedish kronor, while net losses reached about $573 million. Volvo announced 2,500 additional job cuts as part of a new 5 billion kronor savings plan. Revenue in China fell nearly 50% amid [...]

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