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02-06-2020, 09:09 AM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Volvo (https://www.autoblog.com/volvo)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-02/1ed6e820-48e6-11ea-bfc2-911d30aa216f Sweden's Volvo Car Group, owned by China's Geely, reported an 18% rise in fourth-quarter operating profit as cost cuts and growing sales more than offset the impact of subdued global auto markets. The Gothenburg-based carmaker, which Geely acquired from Ford Motor Co in 2010, reported operating earnings of 5.29 billion Swedish crowns as revenues rose 8.4% to 79.2 billion. Sales of Volvos rose nearly 10% in 2019 - with growth of 23.4% in the fourth quarter alone - as increases in China anContinue reading Volvo fourth-quarter profit boosted by cost cuts and sales growth (https://www.autoblog.com/2020/02/06/volvo-fourth-quarter-profit-cost-cutting/)
Volvo fourth-quarter profit boosted by cost cuts and sales growth (https://www.autoblog.com/2020/02/06/volvo-fourth-quarter-profit-cost-cutting/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 6 Feb 2020 08:41:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/02/06/volvo-fourth-quarter-profit-cost-cutting/) | Email this (https://www.autoblog.com/forward/2206564/) | Comments (https://www.autoblog.com/2020/02/06/volvo-fourth-quarter-profit-cost-cutting/#comments)
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https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-02/1ed6e820-48e6-11ea-bfc2-911d30aa216f Sweden's Volvo Car Group, owned by China's Geely, reported an 18% rise in fourth-quarter operating profit as cost cuts and growing sales more than offset the impact of subdued global auto markets. The Gothenburg-based carmaker, which Geely acquired from Ford Motor Co in 2010, reported operating earnings of 5.29 billion Swedish crowns as revenues rose 8.4% to 79.2 billion. Sales of Volvos rose nearly 10% in 2019 - with growth of 23.4% in the fourth quarter alone - as increases in China anContinue reading Volvo fourth-quarter profit boosted by cost cuts and sales growth (https://www.autoblog.com/2020/02/06/volvo-fourth-quarter-profit-cost-cutting/)
Volvo fourth-quarter profit boosted by cost cuts and sales growth (https://www.autoblog.com/2020/02/06/volvo-fourth-quarter-profit-cost-cutting/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 6 Feb 2020 08:41:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/02/06/volvo-fourth-quarter-profit-cost-cutting/) | Email this (https://www.autoblog.com/forward/2206564/) | Comments (https://www.autoblog.com/2020/02/06/volvo-fourth-quarter-profit-cost-cutting/#comments)
More... (https://www.autoblog.com/2020/02/06/volvo-fourth-quarter-profit-cost-cutting/)