Volvo reports jump in earnings on higher revenue, lower costs

United Kingdom News News

Volvo reports jump in earnings on higher revenue, lower costs
United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

fmtoday /  🏆 5. in UK
 

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street close higher, powered by upbeat earnings, guidanceWall Street close higher, powered by upbeat earnings, guidanceNEW YORK: Wall Street ended higher on Tuesday (Oct 24) as a spate of solid corporate earnings and upbeat forecasts stoked investor risk appetite and s...
Read more »

US stocks pressured by mixed earnings, Capitol Hill turmoilUS stocks pressured by mixed earnings, Capitol Hill turmoilNEW YORK, Oct 25 — Wall Street stocks mostly fell early today following mixed earnings reports, while markets monitored the latest struggle on Capitol Hill to elect a key...
Read more »



Render Time: 2025-01-19 03:37:57