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Story summary
- Volvo Cars posted a stronger-than-expected third-quarter profit, triggering a stock surge up to 41%, its best trading day since 2021.
- The Swedish automaker, majority-owned by Geely Holding, reported 6.4 billion kronor in operating income, up from 5.8 billion.
- CEO Håkan Samuelsson attributed the results to cost-cutting and one-off gains.
- Despite pricing pressures and U.S. tariffs, Volvo expects benefits from an 18 billion kronor savings program and a January EX60 launch.
