EconomyVolvo CEO says Western automakers’ China market is disappearing
Volvo Car AB shares plunged more than 30% to a record low after its CEO said the market in China for Western-developed cars is disappearing quickly. The automaker responded by announcing another 2,500 job cuts.
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Bloomberg News★★★☆☆2026-10-23 15:30Original
Volvo CEO says Western automakers’ China market is disappearing
Economy