Volvo Cars feels margin pressure from U.S.-China tariff war

Volvo Cars, owned by China’s Geely, reported higher full-year revenue on
Thursday, but said its profit margins had slipped and were expected to remain under pressure this year, Reuters reports.
Carmakers have faced rising costs and pricing pressure in some markets due to a trade war between Washington and Beijing in 2018 as well as slower demand from Europe and from China, the biggest autos market.
www.anews.az
Similar news
Similar news

World 12:30
Iran Urges Middle East Nations to Reject US Military Support, Warns of Retaliatory Strikes























