Volvo Car Sees Record Earnings Growth But Warns on Sales

Volvo shares rose sharply after the carmaker posted record growth in underlying earnings for the second quarter, and despite warning that potential tariffs from the EU on electric vehicles from China will hit sales of one of its flagship cars.

Volvo shares rose sharply after the carmaker posted record growth in underlying earnings for the second quarter, and despite warning that potential tariffs from the EU on electric vehicles from China will hit sales of one of its flagship cars.