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Volvo Cars on track for worst trading day ever as Q4 profit falls
Mikael Sjoberg | Bloomberg | Getty Images
Shares of Sweden’s Volvo Cars tumbled 19.5% on Thursday morning, putting the company on track for its worst trading day ever.
The automobile manufacturer, owned by Chinese Geely Holding, sent There was a significant decline in fourth quarter profit due to tariffs, exchange rate effects and weak demand.
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