Volvo Cars profit falls despite higher sales
Volvo Cars faces supply chain problems and higher costs amid soaring inflation. – EPA pic, April 27, 2023.
SWEDEN’s Volvo Cars today reported a drop in its first-quarter profits, even as its revenue grew, with the automaker saying it was looking for areas to cut costs. Like other automakers, Volvo Cars has faced supply chain problems and higher costs amid soaring inflation. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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