Transportation
Volvo Car Warns of Tough Year After Profit Drop
- CEO sees discounts in countries other than China this year
- Possible US tariffs would hit EX30, other Volvo models
Volvo saw operating income and margins decline in the fourth quarter.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Volvo Car AB will struggle this year to match its 2024 sales and profits as weak demand and trade tensions weigh on the auto industry.
The electric vehicle and hybrid maker is increasing efficiency measures and focusing on protecting cash after operating income and margins declined in the fourth quarter, according to a statement Thursday.