Stockholm, Feb 6, 2025 (AFP) - Volvo Cars anticipates bumpy 2025 as demand slows

NAMPA / AFP

2025-02-06

Sweden's Volvo Cars, owned by China's Geely Group, said Thursday that annual profits rose in 2024 despite a final quarter slowdown but that the outlook for this year is tougher. The group turned in a 13 percent rise in net profit to 15.9 billion kronor ($1.5 billion) last year thanks to sales rising eight percent and cost savings. After a dynamic first half of 2024, Volvo Cars said it had experienced a more difficult second half, CEO Jim Rowan re......

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