# Volvo Cars plunges 27% as CEO says China sales slump came 'faster than we thought'

- Source: CNBC
- Published: 2026-10-23T09:41:01+00:00
- Category: Markets
- Original: https://www.cnbc.com/2026/10/23/volvo-cars-q3-earnings-job-cuts.html
- Canonical: https://groundlevelnews.com/story/volvo-cars-plunges-27-as-ceo-says-china-sales-slump-came-faster-than-w-f976dc/

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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