Home Technology Volvo Automobiles sees provide scenario bettering after Q3 revenue drop

Volvo Automobiles sees provide scenario bettering after Q3 revenue drop

by News Updater
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Automaker Volvo Automobiles (VOLCARb.ST) mentioned on Tuesday the availability scenario had improved going into the fourth quarter, because it posted its first quarterly report after itemizing its shares on the inventory alternate final month.

The Gothenburg-based producer, majority owned by China’s Geely Holding (GEELY.UL), confirmed a beforehand introduced third-quarter working revenue determine of three.three billion Swedish crowns ($362.6 million), versus 4.6 billion within the year-ago interval.
“The provision scenario has improved going into the fourth quarter, however we anticipate the industry-wide scarcity of semi-conductors to stay a restraining issue,”



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