Volvo Cars Q3 revenue misses estimates, EBIT loss widens; 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. The company plans to cut approximately 2,500 jobs globally, including 2,000 in Sweden, and targets an additional SEK5B reduction in indirect spending.

Detected & updated continuously · Source: Nebula