Volvo Shares Plunge as China Ambitions Fade for Western Carmakers
NYT > Business·October 23, 2026

The Swedish automaker plans to cut another 2,500 jobs, joining competitors in offering a gloomy view of the world’s biggest car market.

The Swedish automaker plans to cut another 2,500 jobs, joining competitors in offering a gloomy view of the world’s biggest car market.