Volvo Cars CEO leans on premium market as core operating profits rise in first quarter

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

News Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.

First-quarter core operating profit was 6.8 billion , an 8% increase year-on-year. The figure excludes joint ventures and associates.First-quarter core operating profit was 6.8 billion Swedish kronor , an 8% increase year-on-year. The figure excludes joint ventures and associates.Sign up for NBC Philadelphia newsletters.

"I think it's because we play into that premium market sector that we're a little bit more protected," he told CNBC's"Squawk Box."The company said the results showed it was"on track" toward its target of at least 15% annual sales volume growth. The growth included a modest uptick in electric vehicles sales, as the company has doubled down on the category. EV gross margins rose to 16% in the first quarter from 7% the year prior."I think we're a little bit ahead of at least some of our competitors, and we plan to stay that way.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 569. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Volvo's CEO Is Making Tough Decisions and the Company Keeps WinningVolvo has worked to digitize its production, create lauded cars and achieve all-time high profits.
Sumber: Newsweek - 🏆 468. / 52 Baca lebih lajut »