# Volvo Shares Plunge as China Ambitions Fade for Western Carmakers

- Source: NYT Business
- Published: 2026-10-23T13:08:46+00:00
- Category: Business
- Original: https://www.nytimes.com/2026/10/23/business/volvo-china-2500-job-cuts.html
- Canonical: https://groundlevelnews.com/story/volvo-shares-plunge-as-china-ambitions-fade-for-western-carmakers-6c66f8/

The Swedish automaker plans to cut another 2,500 jobs, joining competitors in offering a gloomy view of the world’s biggest car market.

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