Volvo Sees Glimmer of Hope Amidst Industry Turmoil In a rare piece of good news, Volvo has reported a small operating profit of $82.8 million for the second quarter of the year, a stark contrast to the significant loss it incurred during the same period last year. The Swedish automaker is pinning its hopes on the upcoming EX60 SUV, which is expected to hit the market soon. As the industry continues to grapple with supply chain disruptions, inflation, and declining sales, Volvo's cautious optimism is a welcome respite. The company's fortunes are closely tied to the success of its new models, and the EX60's potential to drive growth is being closely watched by investors and analysts.
Volvo had a small operating profit of $82.8 million for the April to June period after a loss in the same period last year. The automaker is betting that the ramp-up of the EX60 SUV will boost ...
