Volvo Cars Shares Plunge 30% on Loss, 2,500 Job Cuts Announced

Volvo Cars shares hit a record low after reporting a loss and announcing 2,500 additional job cuts, extending a year-to-date decline of over two-thirds. The move signals deepening operational strain amid weak demand and margin pressure, likely reflecting broader challenges in the auto sector. Market reaction suggests investors are pricing in prolonged profitability concerns.

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