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Volvo Sells More Cars, Makes Less Profit

Volvo Sells More Cars, Makes Less Profit. “margins will remain under continued pressure” Volvo Cars of Sweden, owned by China’s Zhejiang Geely Holding, sold more cars and SUVs last year but saw its profit margin slide because of tariff wars and increasing competition. President and CEO Hakan Samuelsson said this wasn’t good enough and promised […]

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