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All A·Important B·Normal #Volvo ✕
B
Volvo Cars announced on November 4 that during the three months from August to October 2026, global sales were 141,656 vehicles, a year-on-year decrease of 16%.
#Volvo#Big car news11-04 16:18
B
October 23rd: Volvo's share price plunged more than 30% in early trading in Stockholm on Friday, hitting a record low.
#Volvo#Global market intelligence10-23 16:48
A
On October 23, Volvo Cars’ stock price fell 21%, and its operating loss exceeded expectations.
#Volvo#Big car news10-23 15:10
B
[Volvo’s net sales in the third quarter were SEK 119.5 billion, lower than market estimates] On October 23, Volvo’s net sales in the third quarter were SEK 119.5 billion, versus an estimate of SEK 124.1 billion; adjusted operating profit was SEK 14.69 billion, versus an estimate of SEK 14.78 billion; earnings per share was SEK 5.29, versus an estimate of SEK 5.52.
#Volvo10-23 13:26
B
On October 23, Volvo Cars’ adjusted gross profit margin in the third quarter was 14.7%, compared with 20.4% in the same period last year; its adjusted EBIT margin was -5.6%, compared with 6.7% in the same period last year. Volvo Cars' CEO says the company needs to return to the Chinese market with domestically produced cars.
#Volvo#Global market intelligence#Big car news10-23 13:18
B
On October 23rd, Volvo Cars laid off approximately 2,500 employees globally and will lay off approximately 2,000 employees in Sweden.
#Volvo#Global market intelligence#Big car news10-23 13:04
B
On October 2, Volvo Cars’ stock price fell 4.2% after the company withdrew its sales and cash flow outlook for 2026.
#Volvo#Global market intelligence10-02 15:03
B
On September 18, Volvo Cars’ stock price fell 5% to its lowest level since June 2025.
#Volvo#Global market intelligence#Big car news09-18 19:24
B
On September 17, Volvo Cars’ chief strategy and product officer stated that it has no plans to close any factories like its competitors.
#Volvo#Global market intelligence#Big car news09-17 17:45
B
[Volvo Cars and Geely Auto Group have reached an agreement to become the exclusive distributor of Lynk & Co in Europe] On September 10, Geely Auto Group and Volvo Cars formally reached a final agreement on the business cooperation plan for the Lynk & Co brand in the European market. According to the agreement, starting from January 2027, Volvo Cars will become the exclusive distributor of Lynk & Co in Europe and will be fully responsible for the local commercial and brand operations of the brand. This cooperation does not involve changes in the ownership structure. Geely Automobile Group will continue to lead the core business of Lynk & Co brand's global product design, research and development, compliance certification and overall brand strategy.
#Volvo#Lynk & Co#Big car news09-10 19:08
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[Reshuffle of President of Volvo Cars Greater China Sales Company] On September 8th, He Kuo was appointed as President of Volvo Cars Greater China Sales Company with immediate effect and was fully responsible for Volvo’s sales business in China; the original president Yu Kexin resigned. This is another personnel change for Volvo’s core management in China following the adjustment of the president and CEO of Volvo Greater China in May this year. Volvo stated that this adjustment will not affect its business strategy in China, and the company will continue to work closely with its dealer partners to promote steady business development. (China Business News)
#Volvo09-08 18:50
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On August 31, Volvo Cars will close its Stockholm office, which currently has 450 employees.
#Volvo#Big car news08-31 17:28