#china-sales-slump

Volvo Cars stürzt um 26 % ab, da der CEO sagt, der Einbruch der China-Verkäufe kam „schneller als gedacht“.

Volvo Cars' stock has plummeted 26% after the CEO announced a slump in China sales. The company cited deteriorating market conditions in China and the U.S. as the reason for the decline. The slump has negatively affected Volvo's free cash flow.