Impact volvo login4/8/2024 The supply situation that’s characterized by “disruptions, unpredictability and a lack of freight capacity” is delaying deliveries to customers, Volvo Chief Executive Officer Martin Lundstedt said in a phone interview. The company reported third-quarter adjusted operating profit of 9.4 billion Swedish kronor ($1.1 billion), beating the average analyst estimate. Volvo Group said the chip shortages and supply-chain snarls will continue to cap truckmaking, leaving the Swedish manufacturer with little choice but to turn away some customers.ĭisruptions and stoppages in the production of trucks and in other parts of the group will continue, Volvo said Thursday. ALSO READ Chip shortage: What caused it and how will this impact you & industry? Semiconductor chip shortage: Industries face further output cuts and delays Volvo Car hikes prices by up to Rs 2 lakh to offset rising input costs Volvo Car India offers term insurance coverage to employees at dealerships RIL Q1 results: Consolidated net profit falls 7% to Rs 12,273 crore.
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