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Friday, October 23, 2026Updated 15:22 UTC

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Volvo Shares Plunge as China Ambitions Fade for Western Carmakers

Source: NYT Business · Oct 23, 2026 13:08 UTC

Trading floor of the New York Stock Exchange with banks of monitors — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

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

Read the full story at NYT Business

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