Volvo Cars shares plunge 28% amid China sales slump and job cuts

Volvo Cars shares fell 28%, according to CNBC, which cited tougher market conditions in China and the U.S. and fresh job cuts. The automaker said these conditions negatively affected free cash flow.

Timeline

1. 23 Oct, 07:29 UTCCNBC reports Volvo Cars shares plunge 28%

Top sources

• Volvo Cars plunges 29% as CEO says China sales slump came 'faster than we thought'CNBC