Volvo Cars warns of weaker sales, cash flow
Volvo said 141,609 cars sold in the third quarter, down 11%, as tariffs, weak electric vehicle demand and China weakness hurt forecasts.
- Volvo Cars announced on Fri, Oct 2, 2026, it will not fulfil its full-year 2026 outlook for sales volume and cash flow due to an increasingly challenging market and deteriorating near-term outlook.
- Majority-Owned by Geely Holding, the automaker cited, "The decline is primarily driven by further deteriorating market conditions in China," alongside tariffs and high development costs, while Europe remains resilient.
- Third-Quarter sales fell 11% to 141,609 vehicles, causing Volvo shares to drop 4% to a record low of 14.60 kronor; the stock has lost about 50 per cent of its value this year.
- Handelsbanken analyst Hampus Engellau described the retracted targets as unsurprising, noting the market has been "very tough" for the company as management provided no updated guidance.
- Seeking to revive sales in an increasingly competitive market, the company announced last month that Skoda boss Klaus Zellmer will become its chief executive within a year.
22 Articles
22 Articles
Volvo Cars issues profit warning after China sales plunge, shares fall as company loses in North and South America
Reformatorisch Dagblad
welingelichtekringen.nlVolvo Cars is suffering from a weak automotive market in China and the United States. The Swedish automaker struggled with a decline in sales in the third quarter and is now withdrawing its full-year expectations.
The Swedish car manufacturer Volvo Car abandoned the annual forecast against the background of the deterioration of the situation in Chinese authors and the slow recovery in the US, which led to a decline in sales in the third quarter.The deterioration of the Chinese market and the slow recovery in the US led to lower-than-expected sales in the third quarter and weaker forecasts for the Volvo Car, written The Wall Street Journal. The company who…
Volvo Cars warns of weaker sales, cash flow - Regional Media News
STOCKHOLM, Oct 2 (Reuters)it - Sweden-based Volvo Cars said on Friday it will not fulfil its previous full-year outlook statements on volume and cash flow due to an increasingly challenging market situation and deteriorating near term outlook. Volvo Cars said the market situation had resulted [...]
Volvo Car Scraps Outlook as China, US Weakness Curb Earnings
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