Volvo Cars revises outlook statement for 2020
Volvo Cars has in dialogue with its Board of Directors issued the following revised outlook statement for the full year 2020. 'Considering the uncertain economic outlook, it is challenging to guide on 2020 performance. The weakening market and production disruptions will impact the first half year results negatively as sales, profit and cash flow are expected to be lower than last year’s and it will be challenging to recover the impact during the remainder of the year. Despite uncertainty about economic outlook, Volvo Cars continues to invest in new technologies and products to safeguard