CNBC(@CNBC):Volvo Cars said Friday it plans to cut 2,500 jobs after a sharp decline in its Chinese market weighed on third-quarter earnings. The Swedish automaker reported an operating loss of 5.6 billion Swedish kronor ($563.7 million) in the third quarter, down from an operating profit of 6.4 billion Swedish kronor in the previous period. Read more:

2026.10.23 11:28

Volvo Cars said Friday it plans to cut 2,500 jobs after a sharp decline in its Chinese market weighed on third-quarter earnings. The Swedish automaker reported an operating loss of 5.6 billion Swedish kronor ($563.7 million) in the third quarter, down from an operating profit of 6.4 billion Swedish kronor in the previous period. Read more: