Volvo trucks and other vehicles at the port of Marseille. Volvo’s earnings fell sharply, as sales and deliveries declined amid increasing uncertainty about U.S. tariffs.
Truck maker Volvo’s first-quarter earnings fell sharply, missing analysts’ expectations as sales and deliveries declined amid increasing uncertainty about U.S. tariffs.
The Swedish company said Wednesday net profit fell to 9.89 billion Swedish kronor ($1.03 billion) in the quarter from 14.08 billion kronor a year earlier on sales that declined 7% to 121.8 billion kronor.