Volvo revenue drops as China and Brazil demand decreases

Source: Bloomberg
© Scanpix/Reuters
Volvo AB, the biggest car manufacturer in Sweden, released its quarterly report for the work in the April-June quarter of this year. The report showed a 0.2% decline in sales, while profit of $521 million missed analysts' forecasts. The result was influenced by sales' drop in China and Brazil. Today, Volvo AB equities are losing as much as 4.1% to 88.50 kronor by 8:40 GMT in Stockholm.
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