Corporate Earnings
Volvo Cars cuts 2,500 jobs after swinging to a third-quarter loss
Revenue fell by almost a quarter as sales in China nearly halved and US tariffs squeezed margins; the shares fell more than 20 per cent in Stockholm.
Corporate Earnings
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- Corporate Earnings
Volvo Cars cuts 2,500 jobs after swinging to a third-quarter loss
Revenue fell by almost a quarter as sales in China nearly halved and US tariffs squeezed margins; the shares fell more than 20 per cent in Stockholm.