Sweden’s Volvo Cars on track for worst trading day ever as shares plunge over 19%

Sweden’s Volvo Cars on track for worst trading day ever as shares plunge over 19%

Published Thu, Feb 5 2026

3:33 AM EST

Updated 4 Min Ago

Key Points

• The Sweden-based automaker on Thursday reported a sharp drop in fourth-quarter profit, citing tariffs and weak demand.
• Shares of the company were last seen trading down 19.5%, putting it on track for its worst- ever trading day.

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 automaker, which is owned by China's Geely Holding, posted a substantial drop in fourth-quarter profit, citing tariffs, currency effects and weak demand.

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