Sweden-based Volvo Cars (VOLCARb.ST) reported a fall in fourth-quarter operating profit on Thursday and predicted a turbulent 2025 with challenging market conditions.
The company, which is majority-owned by China’s Geely, said it doesn’t expect the market to grow at the same rate as in previous years, and that increased competition was likely to mean price cuts across the sector.
“As a result, it will be challenging to reach the volumes
