Volvo Cars cuts full-year growth outlook on market slowdown

By Yahoo! Finance | Oct 23, 2024 at 01:15 AM EST

Volvo Cars, based in Sweden, saw an increase in third-quarter operating profit but lowered its sales growth forecast due to market challenges. The company now expects 7-8% growth, down from the previous 12-15%. Operating profit was 5.8 billion Swedish crowns.

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