Volvo Cars Withdraws Full-Year Guidance
Volvo Cars has withdrawn its full-year sales and cash flow guidance due to worsening market conditions in China and a sluggish recovery in the United States. Shares dropped after the announcement following an 11 percent decline in third-quarter sales.
Xurve View
Insights:
Xurve View
VOLVO CAR AB-B dropped full-year sales volume and cash flow guidance on Friday morning, citing worsening conditions in China and Sweden-based operations. The shares tumbled 3% to 14.60 crowns per share, bringing year-to-date losses to 50%. The retreat reflects intensifying headwinds across core global automotive markets.
