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Volvo Shares Plunge as China Ambitions Fade for Western Carmakers

CNBC
Image: New York Times

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

Summary from New York Times

How 2 outlets are covering it

  1. New York Times
    Volvo Shares Plunge as China Ambitions Fade for Western Carmakers

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

    Read on New York Times
  2. CNBC
    Volvo Cars shares plunge 25% amid China sales slump and fresh job cuts Read on CNBC

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