STOCKHOLM -- Volvo reported an 18 percent rise in fourth-quarter operating profit as cost cuts and growing sales more than offset the impact of subdued global auto markets.
STOCKHOLM -- Volvo reported an 18 percent rise in fourth-quarter operating profit as cost cuts and growing sales more than offset the impact of subdued global auto markets.
The sweeping belt-tightening effort will involve hundreds of job cuts in the U.S. and factory consolidation in Mexico.