© Reuters. FILE PHOTO: An employee at a Volvo car dealer, wearing a protective mask is seen in the showroom in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman
(Reuters) – Swedish automaker Volvo Cars said on Thursday that it would try to manage the macroeconomic headwinds and ongoing turbulence that continued to hit the company as it reported a fall in its third-quarter profits due to lower volumes.
Stockholm-listed Volvo, majority owned by Chinese automotive company Geely Holding said its quarterly operating profit dropped to 2.1 billion Swedish crowns ($193.41 million)from 3.3 billion a year ago.
($1 = 10.8579 Swedish crowns)