Volvo Cars shares plunge on losses, job cuts
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Volvo Cars saw a drop in share prices on Friday. The Swedish automaker reported losses and announced job cuts. These financial struggles were caused by tariffs in the United States. The company also faced heavy competition from local brands in China.
Shares in Swedish carmaker Volvo Cars plunged Friday after it said US tariffs and strong competition from local brands in China pushed... The post Volvo Cars shares plunge on losses, job cuts appeared first on Iraqi News .