Volvo Car Shares Slump After Automaker Adds Job Cuts to Tackle Mounting Headwinds — Update

By Dominic ChoppingSTOCKHOLM--Shares in Volvo Car plunged after the automaker said it would cut another 2,500 jobs, or around 6% of its workforce, under an expanded turnaround plan that targets $500 million in savings to counter mounting market headwinds.Stockholm-listed shares were down 26% in ear…