Volvo Car Says 3Q Volumes Boosted Revenue, But Flags Uncertainties

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Volvo Car Says 3Q Volumes Boosted Revenue, But Flags Uncertainties
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By Dominic Chopping STOCKHOLM--Volvo Car on Thursday posted a rise in third-quarter revenue driven by higher volumes, but cautioned that uncertainties...

STOCKHOLM--Volvo Car on Thursday posted a rise in third-quarter revenue driven by higher volumes, but cautioned that uncertainties remain.

Analysts polled by FactSet had projected a net profit of SEK3.58 billion on revenue of SEK95.94 billion. The Swedish auto maker said it is beginning to see the benefits from lower lithium prices, but also that it is realizing the effects of increased pricing on model year 2024 fully-electric cars.

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