Volvo Cars anticipates bumpy 2025 as demand slows

Sweden’s Volvo Cars, owned by China’s Geely Group, said Thursday that annual profits rose in 2024 despite a final quarter slowdown but that the outlook for this year is tougher. The group turned in a 13 percent rise in net profit to 15.9 billion kronor ($1.5 billion) last year thanks to sales rising eight percent […]