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Volvo Cars swings to loss and announces more job cuts, shares tank

By Michele Maatouk

Date: Friday 23 Oct 2026

(Sharecast News) - Shares of Volvo Cars tanked on Friday after the Swedish car maker announced more job cuts and said it swung to a loss in the third quarter amid ongoing weakness in China.
The company - owned by China's Geely - posted a third-quarter loss of SEK3.7bn, versus a...

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