Autos
Sweden's Volvo Cars on track for worst trading day ever as shares plunge over 18%
The Sweden-based automaker posted a substantial drop in fourth-quarter profit, citing tariffs, currency effects and weak demand.


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The Sweden-based automaker posted a substantial drop in fourth-quarter profit, citing tariffs, currency effects and weak demand.

Sweden's Volvo Cars on Thursday posted stronger-than-expected third-quarter operating profit, prompting shares to rally by more than 40%.

Volvo Cars is widely considered to be one of the most exposed European carmakers to U.S. tariffs.

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