Volvo Cars crashes on the stock exchange
The early earnings season is making the Swedish car manufacturer one of its biggest victims. Its shares plummet by up to 30% in today's session alone. In its collapse, they fall to new historic lows.
Volvo Cars' shares plummeted up to 30% in a single session after releasing disappointing quarterly results. The Swedish car manufacturer, owned by China's Geely Holding, reported operational losses of 3,700 million Swedish crowns, significantly worse than expected. The company will cut 2,500 jobs, or 6% of its workforce, on top of existing restructuring plans. The results triggered a stock price drop to historic lows, with shares trading at 10 Swedish crowns, down from over 30 crowns in 2025.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
