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HomeNewsMarketingVolvo Cars' quarterly operating profit falls By Reuters

Volvo Cars’ quarterly operating profit falls By Reuters


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© 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)

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