Volvo Cars records Q3 operating loss and announces job cuts amid worsening Chinese market
- 1Volvo Cars plans to cut 2,500 jobs.
- 2Volvo Cars recorded an operating loss of 5.6 billion Swedish krona in Q3.
- 3Volvo Cars shares fell more than 28% after the European market opened.
So what's the key point?
Volvo Cars reported an operating loss of 5.6 billion Swedish krona in the third quarter and plans to reduce its workforce. The company's share price dropped by more than 28% after the European market opened.
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