Stock Shock: Volvo Cars Surges 40% on Profit Beat, Ford’s Wild Ride Continues
Volvo Cars shares soared 38.1% to SEK 31.41 on Oct. 23, the biggest jump since its 2021 IPO, after Q3 core EBIT beat forecasts by over SEK 4B. Ford closed near $12.34, down 0.7%, despite Q3 sales of $50.5B and EPS of $0.45. Ford maintains a $0.15 dividend; Volvo is resuming payouts. Ford faces EV losses and layoffs, while Volvo accelerates cost cuts and electrification.
