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Volvo Cars encountered multiple obstacles in Q3 but remains confident
Volvo Cars was suffering under severe headwinds in Q3, but the company remains confident because demand stays robust and electrified cars are selling well /Volvo
For the third quarter of 2022, Volvo cars reported an operating profit of 3,5 billion Swedish crowns (some €320 million) and a profit margin of 4,4%. Unfortunately, it means that profits decreased by 71%. But In Göteborg, they are confident that despite multiple headwinds, things will improve because demand continues to be robust. “Macroeconomic uncertainties
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