A Volvo EX30 totally electrical EV Automobile is shown throughout the Whatever Electric London 2024 at ExCel on March 28, 2024 in London, England.
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Swedish car manufacturer Volvo Cars on Wednesday reported an uptick in first-quarter core operating earnings driven by solid retail sales.
First-quarter core operating earnings was 6.8 billion Swedish kronor ($ 629 million), an 8% boost year-on-year. The number leaves out joint endeavors and affiliates.
Profits was 93.9 billion, down 2% from the very first quarter 2023.
Retail sales nonetheless increased 12% year-on-year to 182,687 automobiles, the firm claimed, after a brand-new all-time regular monthly sales document in March.
” We have had a solid beginning to the year, with our very first quarter results laying a strong structure for the year in advance,” chief executive officer Jim Rowan claimed in a declaration.
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