www.gandul.ro/international/volvo-cars-pierderi-co

Volvo Cars experienced a historic stock drop of up to 30% after reporting a significant operational loss in Q3, leading to job cuts. The company cited declining sales in China and high costs as key factors. CEO Håkan Samuelsson noted that the Chinese market's rapid changes have impacted global sales strategies. Revenues in China fell nearly 50% due to intense competition from local brands, while U.S. tariffs and reduced electric vehicle incentives further strained profit margins. To address these challenges, Volvo plans to cut costs by 5 billion Swedish kronor and eliminate 2,500 jobs globally, primarily in Sweden.