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Volvo Cars shares plunge to record low on widening losses, 2,500 more job cuts
Source: The Globe and Mail
Corporate EarningsAutomotive & EVCompany FundamentalsM&A & Restructuring
Volvo Cars shares plunged 24% on Friday after the Swedish carmaker reported a much larger-than-expected third-quarter operating loss and cash burn that doubled year on year. The company also announced 2,500 additional job cuts, mostly in Sweden.
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Overall Sentiment
strongly negative
Sentiment Score
-0.70
Ticker Sentiment
VOLCAR.B-0.90
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