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Volvo Reports Record Profit But Feels Tariff-Driven Margin Squeeze

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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

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