Volvo Cars swings to third-quarter loss, plans job cuts
Today 06:06
Volvo Cars swings to third-quarter loss, plans job cuts STOCKHOLM, Oct 23 (Reuters) - Volvo Cars VOLCARb.ST swung to an operating loss in the third quarter as a slow production ramp-up of its new EX60 electric SUV and weak demand in China and the United States hit sales, and said in Friday it will cut some 2,500 jobs.
(Reporting by Marie Mannes, editing by Terje Solsvik)
((marie.mannes@thomsonreuters.com; +46 8 502 423 82))