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

Reuters Thursday, 7 February 2019 ()
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.
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News video: Volvo Reports Record Profit But Feels Tariff-Driven Margin Squeeze

▶ Volvo Reports Record Profit But Feels Tariff-Driven Margin Squeeze 00:40

Volvo capitalized on a strong fourth quarter and record global vehicle sales to report its best-ever full-year earnings. However, the Swedish automaker’s profit margin slid, causing it to warn that its business will remain under pressure this year. Volvo’s operating profit for the fourth quarter...

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