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Automakers

Volvo cuts full-year sales forecast citing Chinese EV tariffs

Volvo EX30 light blue nose left Arc 2024.jpg
Volvo builds the EX30 electric SUV in China. (VOLVO)
R
By:
Reuters
July 18, 2024 09:35 AM

STOCKHOLM -- Volvo Cars beat second-quarter operating earnings estimates but lowered its full-year retail sales forecast citing the impact of European tariffs on Chinese-made electric cars, the automaker said in a statement.

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