Volvo Cars Q3 revenue misses estimates, EBIT loss widens on Polestar charge; to cut ~2,500 jobs

Volvo Cars reported Q3 revenue of SEK66.90B versus an estimated SEK74.46B, and an EBIT loss of SEK5.6B versus an estimated loss of SEK1.3B, including a SEK0.9B charge for Polestar loss recognition and a SEK1.1B negative revaluation of CAFE credits. The company plans to cut approximately 2,500 jobs globally, including 2,000 in Sweden.

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