# Volvo CEO says Western automakers’ China market is disappearing

https://mins.news/en/item/112979

- Bloomberg News, 2026-10-23 15:30 UTC
- Economy
- Original: https://www.bloomberg.com/news/articles/2026-10-23/volvo-car-deepen-job-cuts-china-sales-slump?link_source=ta_bluesky_link&taid=6adb7d8ade7d36000197da98

> 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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