Volvo stock surges on strong sales and EV deliveries, will no longer fund Polestar

Swedish automaker Volvo Cars (VOLCAR-B.ST) has been on tear recently. Volvo, owned by China’s Geely, reported deliveries surged in 2023 to 708,000 cars, resulting in SEK 399.3 billion ($38.37 billion) in revenue, a 21% jump from a year ago. Profit also surged 43% in the year to SEK 25.6 billion…#swedish #volvocars #volvo #sek #sek256billion #polestar #geelyswedenholdings #björnannwall #yahoofinance #charleston
Source: Reuters: Health - Category: Consumer Health News Source Type: news
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