The core operating profits of the Volvo Cars increased in the first quarter

Volvo Cars core operating profits rise in first quarter on higher retail sales. Swedish automaker Volvo Cars reported an uptick in first-quarter earnings. Volvo Cars says strong retail sales were behind the increase in sales in the first half of the year. Volvo is the largest-ever car maker in the world, according to Volvo.

Volvo Cars saw robust sales in March 2024, boosted by the growing popularity of their fully electric and plug-in hybrid models. Volvo Cars sees record sales boosted by electric SUV sales. Volvo's fully electric, hybrid and hybrid models saw a surge in sales over the past year.