Volvo reports jump in earnings on higher revenue, lower costs

📆 2023-10-26 오후 7:35:00

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Reduced raw material and logistics expenses led to a robust Q3 operating profit of US$400 million.

Volvo Cars saw a 50% uptick in US car sales and a 34% rise in European buyers, but China experienced a 4% decline.

The carmaker, which is majority owned by Chinese automaker Geely, reported an operating profit of 4.5 billion kronor for the third quarter — up from two billion kronor a year earlier.

📆 2023-10-26 오후 7:35:00
📰 fmtoday

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