Volvo Car Swings to Q3 Loss, Plans SEK 5 Billion Savings and 2,500 Job Cuts
Volvo Car reported a third-quarter loss versus a profit a year earlier, citing weak sales volume. It plans SEK 5 billion in savings and around 2,500 job cuts.
STOCKHOLM (dpa-AFX) - Volvo Car AB (VLVOF, VOLCAR.ST), a Swedish maker of luxury vehicles, on Friday reported a loss in its third quarter, compared to prior year's profit, mainly as revenues were hurt by weak sales volume.The company said the result reflects a further deteriorating external environ…