STOCKHOLM — Shares of automaker Volvo Cars fell as much as 12% on Thursday as its chief executive’s promise of improved margins on battery electric vehicles (EVs) stood in stark contrast to warnings from peers.
As the company reported third-quarter earnings, Chief Executive Jim Rowan told Reuters that he saw healthy demand for its cars, and was optimistic the margins would increase further in the fourth quarter.
“I expect to see us increase our BEV margins as we go…
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