Volvo Cars withdrew its full-year guidance after lower-than-expected third-quarter sales and a weaker outlook, citing further deterioration in the Chinese auto market and a slow recovery in the United States. The Sweden-based automaker, majority-owned by Zhejiang Geely Holding Group, said the developments would have a significant negative impact on third-quarter core earnings and cash flow. The impact comes in addition to previously identified headwinds from raw materials, currencies, and amortization and depreciation. European demand remained resilient.