# Volvo Cars shares plunge 28% amid China sales slump and fresh job cuts

https://mins.news/en/item/112279

- CNBC, 2026-10-23 07:29 UTC
- Economy
- Original: https://www.cnbc.com/2026/10/23/volvo-cars-q3-earnings-job-cuts.html

> Shares in Swedish automaker Volvo Cars fell 28%. The company pointed to worsening conditions, led by tougher markets in China and the U.S., which weighed on free cash flow.

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