{
  "id": 11395624,
  "title": "Autoindustrie: Volvo streicht Prognose – Aktie gibt deutlich nach",
  "url": "https://urgent.news/2026/10/02/autoindustrie-volvo-streicht-prognose-aktie-gibt-deutlich-nach",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T07:58:55.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/unternehmen/industrie/autoindustrie-volvo-streicht-prognose-aktie-gibt-deutlich-nach/100259247.html"
  },
  "original_language": "de",
  "account": "On Friday, Swedish car manufacturer Volvo announced it had revised its annual sales and cashflow forecast downwards. The company expects a significant drop in profit for the third quarter, citing tougher market conditions in China and a slower-than-expected recovery in the United States. Volvo will likely fail to meet its 2026 sales forecast due to disappointing sales figures. The European market continues to show robust performance, but the company decided not to publish a new short-term forecast due to increased uncertainty in the markets. In early trading in Stockholm, the stock lost as much as 7.8 percent, the steepest daily loss since July when Volvo abandoned its target to sell more vehicles this year, also due to the weakness in China. The group had anticipated a rebound in the second half of the year, driven by demand in Europe and the United States. Since the beginning of the year, the share has lost more than half of its value. Only two weeks ago, the outgoing CEO Håkan Samuelsson unveiled the company's new strategy, emphasizing the aim to increase profitability, including through region-specific models and closer collaboration with majority shareholder Geely.",
  "summary": "Der schwedische Autobauer rechnet im dritten Quartal mit einem deutlichen Gewinnrückgang. Besonders in China schwächelt das Geschäft, während die Erholung in den USA langsamer verläuft.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}