STOCKHOLM — Volvo Cars reported a 54 percent fall in second-quarter operating earnings as the year-ago period’s profit was boosted by a one-off gain, and it forecast healthy demand for its vehicles despite pricing pressures.
Volvo, majority-owned by China’s Geely Holding, said in a statement on Thursday that earnings before interest and taxes (EBIT) fell to 5.0 billion Swedish crowns ($488.62 million) from 10.8 billion crowns a year-ago .
The company said the reason for last…
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