Volvo Car Shares Fall More Than a Quarter After Earnings
Volvo Car shares shed more than a quarter of their value after the company reported earnings. CEO Hakan Samuelsson said the business environment had turned worse than anticipated.
By Ed Ballard"I think the conclusion is the business environment has turned worse than we anticipated," was the summary of Volvo Car CEO Hakan Samuelsson after the company reported its earnings.Investors concur. Shares in the Swedish automaker shed more than a quarter of their value after the resul…