STOCKHOLM: Swedish automaker Volvo Cars aid on Wednesday it expects good demand for its vehicles this year after a rise in first-quarter unit sales, though operating earnings missed forecasts due to lower revenues and losses at its Polestar business.
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Swedish automaker Volvo Cars said Wednesday its net profit fell in the first quarter but it sold a record number of units in March and expects strong demand this year. "We expect demand for our cars to remain robust in coming quarters in line with our guidance of full-year sales volumes growth of at least 15 percent," Volvo Cars chief executive Jim Rowan said in a statement.
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