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

    CNBC
    October 23, 2026
    via CNBC

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

    The Swedish automaker cited a deteriorating environment led by "tougher" market conditions in China and the U.S., which "negatively affected free cash flow."

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