Volvo's Q2 EBIT beats estimates, but cuts full-year forecast citing tariffs

Quick Summary:

Volvo Cars produced 211,900 cars in the second quarter, more than they sold, as demand for electric cars in Europe has dropped.

VE Commercial Vehicles total sales decline 18.

Operating income excluding joint ventures and associates rose to 8.2 billion crowns from 6.4 billion.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Electric car Volvo Volvo cars Electric vehicles Volvo car sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 13:33:56 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 15 lines

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Copyright Owner: © Business Standard

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