Volvo Cars shares plunge 31% amid China, U.S. slump and fresh job cuts
The Swedish automaker cited a deteriorating environment led by "tougher" market conditions in China and the U.S., which "negatively affected free cash flow."
CNBC reports that the Swedish automaker cited a deteriorating environment led by "tougher" market conditions in China and the U.S., which "negatively affected free cash flow."
This business story centres on the United States. Names and organisations mentioned in the coverage include China, Volvo Cars and Swedish.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United States · Americas
- Reported by
- CNBC
- First reported
- Key names
- China, Volvo Cars, Swedish
- Section
- Business
Sources
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