STOCKHOLM (Reuters) – Volvo Cars, owned by China’s Geely Holding, said on Friday it returned to profit in the January-June period, as it recovered from the market plunge due to the initial coronavirus pandemic.
The Swedish carmaker reported operating earnings of 13.24 billion crowns ($1.5 billion) versus a loss of 989 million a year earlier, when results were heavily affected by the pandemic.
($1 = 8.6821 Swedish crowns)
(Reporting by Helena Soderpalm; editing by Niklas Pollard)
