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10 Articles
Volvo Cars is beating expectations – despite lower sales, profits are reaching record levels. Thanks to savings packages, Belgian EX30 and a new CEO. The stock is up nearly 40 percent, but a thousand Gothenburgers are forced to leave the company as the electric race gears up.
Swedish-Chinese automaker Volvo Cars posted a net profit of 4.5 billion kronor (around 412 million euros) in the third quarter, a result that was higher than expected, sending the company's shares up 30 percent in trading today, the French news agency AFP reports.
Volvo Cars shares rise 40% after better-than-expected Q3 results - CEO North America
Sweden’s Volvo Cars announced a stronger-than-expected third-quarter profit today, leading shares to jump around 40% and setting up the stock for its best trading day ever. In Q3, the company reported operating income of $680.4 million for the July-September period, largely driven by its ongoing 18 billion kronor cost-saving program. Volvo Cars CEO Håkan Samuelsson told investors, “During the third quarter of 2025, our performance continued to b…
The profit of the company, which is also building a factory in Slovakia, significantly exceeded analysts' estimates
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