Volvo Cars cuts margin and revenue aims after ditching 2030 electric vehicle target
Publishing timestamp: 2024-09-05 10:54:54
Summary
Volvo Cars adjusts margin and revenue targets, no longer targeting 100% electric vehicle sales by 2030 due to global trade complexities and tariffs. Shares up 3.2% after 10% decline, focusing on electric and plug-in hybrid models. Extending partnership with Nvidia for advanced driving features.
Sentiment: MIXED
Keywords: volvo car ab, breaking news: markets, business news, nvidia corp, china, markets, autos,