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Volvo Cars shares plunge to record low on widening losses, 2,500 more job cuts

Katherine Langford
Editor-in-Chief · Friday, October 23, 2026 at 5:35 PM · 1 min read
Volvo Cars shares plunge to record low on widening losses, 2,500 more job cuts — Globe and Mail Business, Vancouver Business news
Image: Globe and Mail Business

Volvo Cars VLVCY shares plunged 24 per cent on Friday after the Swedish carmaker posted a far bigger-than-expected third-quarter operating loss, doubled its cash burn year-on-year and announced 2,500 more job cuts, mostly in its home market Sweden.

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