Volvo Cars slumps as 'tough' Chinese market continues to weigh in Q2

Volvo Car AB

17/07/2026 08:49

** Shares in Volvo Car VOLCARb.ST slump 6.5% after the Swedish automaker's Q2 earnings missed market expectations
** Volvo Car's Q2 operating profit falls to SEK 800 million ($82.9 million), about a 25% miss on expectations according to Bernstein
** Bernstein flags cost inflation, discounting and a "tough China market" as factors weighing on Q2
** Citi says Volvo Car faces significant pressure with weakening demand in China, adding that investors are increasingly focused on whether the automaker can recover in the world's largest car market at all
** Shares are on track for their worst day since early February
($1 = 9.6476 Swedish crowns)

(Reporting by Tomasz Kanik)
((tomasz.kanik@thomsonreuters.com))