Volvo Car Q1 Net Profit Rises Despite Sales Decline, Targets Full-Year Volume Growth
Updated
Updated · The Wall Street Journal · Apr 29
Volvo Car Q1 Net Profit Rises Despite Sales Decline, Targets Full-Year Volume Growth
12 articles · Updated · The Wall Street Journal · Apr 29
Net profit rose to 1.61 billion kronor from 1.2 billion kronor, even as sales dropped 12% to 72.62 billion kronor.
Strong demand for new electric models like the EX60 and EX30 boosted European momentum, but retail sales in the Americas and China fell 28% and 17% respectively.
Volvo Car continues a 5 billion kronor cost-saving plan amid global market volatility, supply risks, and weak consumer confidence, aiming for improved volumes and higher free cash flow in the second half.
Volvo is betting big on its U.S. factory. Can it win in a shrinking American EV market?
Is the global EV slowdown a temporary blip or the end of the electric vehicle boom?
The Hormuz crisis is halting global trade. Will promised EX60 summer deliveries be delayed?
With oil over $100 and supply chains broken, can cost-cutting alone save Volvo’s 2026 profit goals?
How will Geely-owned Volvo navigate new U.S. rules targeting Chinese technology in its cars?