Home > Volvo Reports Record Profit But Feels Tariff-Driven Margin Squeeze

Volvo Reports Record Profit But Feels Tariff-Driven Margin Squeeze


Volvo capitalized on a strong fourth quarter and record global vehicle sales to report its best-ever full-year earnings. However, the Swedish automaker’s profit margin slid, causing it to warn that its business will remain under pressure this year. Volvo’s operating profit for the fourth quarter was $488.8 million, an increase of 25 percent compared with the same period last year.

Added on the 07/02/2019 09:51:18 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • GM reports record $9.7 billion earnings in 2015

    General Motors Co. on Wednesday said it earned a record $9.7 billion in 2015, including $6.3 billion in the fourth quarter The Detroit automaker posted a record $10.8 billion pre-tax profit, with profit margins of 7.1 percent. The strong numbers were driven by good performances in China and North America, where GM earned a record $11 billion with record adjusted profit margins of 10.3 percent. It reached the milestone 10 percent margins a year ahead of schedule. As a result, GM’s roughly 49,600 hourly UAW employees will make up to $11,000 in profit sharing, which will be paid out Feb. 26.

    03/02/2016 - Wibbitz
  • Ford Reports Higher Quarterly Profits

    Despite missing Wall Street estimates because of higher taxes, Ford has reported higher quarterly profits driven by a record quarterly performance in North America. Net income rose to $1.9bn in the third quarter from $1.1bn a year ago. Ford and its Detroit-based rival, General Motors, are both now earning the bulk of their profits selling trucks and sport utility vehicles in the US. Of Ford’s $35.8bn in automotive revenue, 66% was derived from North America in the quarter.

    28/10/2015 - Wochit
  • U.S. Denies Tesla Request For Tariff Relief

    According to the Automotive News, The Trump administration has denied requests to exempt Tesla Inc.'s Model 3 from 25 percent tariffs on its Chinese-made car computer and center screen. Trade Representative's Office denied both requests in May 29 letters, saying they both concern "a product strategically important or related to 'Made in China 2025’ or other Chinese industrial programs.

    13/06/2019 - Wochit
  • U.S. Denies GM Request For Tariff Relief

    The Trump administration has denied a request by automaker General Motors for an exemption to a 25 percent U.S. tariff on its Chinese-made Buick Envision crossover. Automotive News reports that the Trade Representative's office saying the request concerns "a product strategically important or related to 'Made in China 2025' or other Chinese industrial programs.

    05/06/2019 - Wochit

More videosBusiness

Watch video of Shares Of Blue Apron Dipped To An All-time Low. The Meal-kit Subscription Dropped To $1.81 Per Share On Tuesday. The Company Has Faced Increasing Pressures From Competition, Like HelloFresh. Big Companies Like Walmart And Amazon Entering Its Space. In March, Walmart Announced It Was Launching Its Own Line Of Meal Kits. The Company Has Struggled To Attract New Customers And Retain Old Ones Since Going Public Last June. - Blue Apron Shares Drop To A New Low - Label : Wochit -

Blue Apron Shares Drop To A New Low

03/04/2018 21:21:24