Volvo Posts Modest Profit as SUV Sales Loom Large. In a significant turnaround from last year's losses, Volvo has reported a small operating profit of $82.8 million for the April to June period. The Swedish automaker's financial performance marks a welcome respite for the company, which has been investing heavily in the development of its new electric and hybrid models. Volvo is pinning its hopes on the upcoming launch of the EX60 SUV, a highly anticipated vehicle that promises to drive sales and propel the company towards a more sustainable future.
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 ...
