Shafaqna English- On Friday(17 Jul 2026), Volvo Cars announced that it anticipates stronger profitability in the latter half of the year, despite the Swedish automaker’s warnings about escalating costs for essential raw materials and a sharper economic downturn in China, which caused its shares to fall by 8%.
Ahead of time, the Swedish carmaker had cautioned that the second quarter would be soft, pressured by expensive raw materials, elevated freight rates, and substantial price reductions.
Nevertheless, a sharper‑than‑anticipated 35% sales decline in China reduced its operating profit margin to 1.1% from 1.6% a quarter earlier.
Source: Reuters