Volvo shares tank after Geely sells stock; admits more selling to come

Viking Thumbnails

Volvo Cars experienced a significant decline, with shares plummeting by up to 14% on Friday, reaching an unprecedented nadir. The decline was triggered by the initiation of a stock sale by Zhejiang Geely Holding Group, the parent company of Volvo, involving approximately 100 million shares of the Swedish automotive manufacturer.

Posted in

The Electric Viking

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
Scroll to Top